NOT LISTED FOR SALE

1606 Fernote St Unit 8 Rahway, NJ 07065

Estimated Value: $684,000 - $822,000

-- Bed
-- Bath
2,426 Sq Ft
$314/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $710,000 $293 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,522/month

18 Days on Market

About This Home

As of January 2023

This home is located at 1606 Fernote St Unit 8, Rahway, NJ 07065 since 05 October 2022 and is currently estimated at $761,641, approximately $313 per square foot. This property was built in 1880. 1606 Fernote St Unit 8 is a home located in Union County with nearby schools including Rahway High School and Mother Seton Regional High School.

Last Agent to Sell the Property

Michael Martinetti

KELLER WILLIAMS REALTY Brokerage Phone: 908-233-8502 Listed on: 10/05/2022

KELLER WILLIAMS REALTY

Last Buyer's Agent

SCOTT OSINOFF

KELLER WILLIAMS - NJ METRO GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,467

Year Built

  • Built in 1880

Lot Details

  • 4,356 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,467

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Year Built: 1880
  • County Name: Union
  • Street Number Display: 1606
  • I D: 5181780
  • Modified: 2024-01-18
  • Number Images: 1
  • Attribution Contact: 908-233-8502
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 68X100
  • Total Acres: 0.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Jan 3, 2023
Sold by
1606 Fernote St Rahway Llc
Bought by
Patel Utsav P
Seller's Agent
Michael Martinetti
KELLER WILLIAMS REALTY
Buyer's Agent
SCOTT OSINOFF
KELLER WILLIAMS - NJ METRO GROUP
List Price
$739,000
Sold Price
$710,000
Premium/Discount to List
-$29,000
-3.92%
Views
31
Current Estimated Value
$761,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,641
Avg. Annual Appreciation
3.96%
Original Mortgage
$532,500
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2021
Closed on
Aug 2, 2021
Sold by
Queen Equities Llc
Bought by
1606 Fernote St Rahway Llc
Seller's Agent
John Natale
REAL
Buyer's Agent
JONATHAN RODRIGUEZ
BHGRE ELITE
List Price
$330,000
Sold Price
$350,000
Premium/Discount to List
$20,000
6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.33%
Original Mortgage
$284,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 4, 2020
Sold by
Clearview Equities Llc
Bought by
Queen Equities Llc

Purchase Details

Closed on
Jan 23, 2019
Sold by
Colon Jesenia and Torres Carmen
Bought by
Clearview Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2009
Sold by
Baumann Susan
Bought by
Colon Jesenia and Torres Carmen Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,637
Interest Rate
4.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patel Utsav P $710,000 First American Title
1606 Fernote St Rahway Llc $355,000 Hometown Title Ins Agcy Llc
Queen Equities Llc -- None Available
Clearview Equities Llc $175,000 None Available
Colon Jesenia $280,000 Nrt Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Utsav P $532,500
Closed Patel Utsav P $532,500
Previous Owner 1606 Fernote St Rahway Llc $284,000
Previous Owner Clearview Equities Llc $292,500
Previous Owner Colon Jesenia $269,637
Previous Owner Baumann Susan $70,000
Previous Owner Baumann Susan $50,000
Previous Owner Baumann Susan $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $710,000 0.0% $293 / Sq Ft
12/17/2022 12/17/22 Off Market $710,000 -- --
10/27/2022 10/27/22 Pending -- -- --
10/08/2022 10/08/22 For Sale $739,000 +111.1% $305 / Sq Ft
08/02/2021 08/02/21 Sold $350,000 +0.3% $144 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $349,000 +5.8% $144 / Sq Ft
06/17/2021 06/17/21 For Sale $330,000 -5.7% $136 / Sq Ft
05/20/2021 05/20/21 Off Market $350,000 -- --
04/09/2021 04/09/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $330,000 0.0% $136 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $330,000 -- $136 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,467 $229,600 $60,700 $168,900
2023 $16,467 $229,600 $60,700 $168,900
2022 $11,172 $159,100 $60,700 $98,400
2021 $11,059 $159,100 $60,700 $98,400
2020 $11,018 $159,100 $60,700 $98,400
2019 $10,878 $159,100 $60,700 $98,400
2018 $10,649 $159,100 $60,700 $98,400
2017 $10,386 $159,100 $60,700 $98,400
2016 $10,165 $159,100 $60,700 $98,400
2015 $10,050 $159,100 $60,700 $98,400
2014 $9,871 $159,100 $60,700 $98,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Martinetti

    Seller's Agent in 2023

    Michael Martinetti

    KELLER WILLIAMS REALTY

    (908) 514-4869

    23 in this area

    1,187 Total Sales

    Michael Martinetti
    Section Image

  • S

    Buyer's Agent in 2023

    SCOTT OSINOFF

    KELLER WILLIAMS - NJ METRO GROUP

  • John Natale

    Seller's Agent in 2021

    John Natale

    REAL

    (855) 450-0442

    1 in this area

    154 Total Sales

    John Natale
    Section Image

  • J

    Buyer's Agent in 2021

    JONATHAN RODRIGUEZ

    BHGRE ELITE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3811170

Garden State MLS

APN: 13-00203-0000-00010

New Jersey Union County Rahway 07065

1606 Fernote St Unit 8, Rahway, NJ

This home is located at 1606 Fernote St Unit 8, Rahway, NJ 07065 since 05 October 2022 and is currently estimated at $761,641, approximately $313 per square foot. This property was built in 1880. 1606 Fernote St Unit 8 is a home located in Union County with nearby schools including Rahway High School and Mother Seton Regional High School.

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