NOT LISTED FOR SALE

1681 Oliver St Rahway, NJ 07065

Estimated Value: $444,000 - $561,662

-- Bed
-- Bath
1,722 Sq Ft
$298/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $450,000 $261 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,535/month

83 Days on Market

Highlights

  • Private Yard
  • Level Lot
  • Radiator
  • Porch

About This Home

As of December 2022

Multiple offers received. Seller will be going to highest & best Thursday 10/13@ 1pm. Searching for a great opportunity to own an income producing property? Look no further, Welcome to 1681 Oliver Street in Rahway. This multifamily home can be a great investment for an avid investor or a first time homebuyer featuring 2 units. Home was moderately updated in 2020. Both units include 3 bedrooms and 1 full bath. The kitchens feature: quartz countertops, subway tile backsplash, modern white cabinets, and stainless steel appliances. Hardwood flooring can be found throughout both units. All appliances are included. Units are separately metered and have separate entrances. Tenants share access to the basement for use of washer and dryer. The property is in good condition and is being sold 'As Is.' With minor cosmetic touch ups this home has great potential for long term appreciation.

Last Agent to Sell the Property

Vincent Tozzo

CENTURY 21 THOMSON & CO Listed on: 09/28/2022

CENTURY 21 THOMSON & CO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,703

Year Built

  • Built in 1880

Lot Details

  • 2,936 Sq Ft Lot
  • Lot Dimensions are 113.00 x 26.00
  • Level Lot
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,722 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Basement Storage

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Radiator
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,703

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0674
  • Lot Size: 113.00 x 26.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1880
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Storage Space, Interior Entry, Laundry Facilities
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Den/Family Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Den/Family Room)
  • Living Area: 1722
  • Stories: 2

Exterior Features

  • Lot Features: Level
  • Exterior Features: Porch(es) - Open, Yard
  • Patio And Porch Features: Porch(es) - Open
  • Roof: Asphalt

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 2936

Tax Info

  • Tax Annual Amount: 8703
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Dec 16, 2022
Sold by
Oliver Street Rahway Llc
Bought by
Barrientos Jesus E
Seller's Agent
Vincent Tozzo
CENTURY 21 THOMSON & CO
List Price
$429,999
Sold Price
$450,000
Premium/Discount to List
$20,001
4.65%
Views
66
Current Estimated Value
$504,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,649
Avg. Annual Appreciation
5.99%
Original Mortgage
$360,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2020
Sold by
Ballatori Massimo L
Bought by
Oliver Street Rahway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2001
Sold by
Lapsley Jane M
Bought by
Ballatori Massimo L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,650
Interest Rate
7.04%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Barrientos Jesus E $450,000 River Edge Title
Oliver Street Rahway Llc $185,000 Clear Skies Title Agency
Ballatori Massimo L $156,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barrientos Jesus E $360,000
Previous Owner Oliver Street Rahway Llc $301,000
Previous Owner Oliver Street Rahway Llc $238,000
Previous Owner Ballatori Massimo L $81,500
Previous Owner Ballatori Massimo L $148,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $450,000 +4.7% $261 / Sq Ft
09/28/2022 09/28/22 For Sale $429,999 -- $250 / Sq Ft
Source: All Jersey 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 $8,979 $154,900 $44,000 $110,900
2023 $8,979 $125,200 $44,000 $81,200
2022 $8,792 $125,200 $44,000 $81,200
2021 $8,703 $125,200 $44,000 $81,200
2020 $8,670 $125,200 $44,000 $81,200
2019 $8,560 $125,200 $44,000 $81,200
2018 $8,380 $125,200 $44,000 $81,200
2017 $8,173 $125,200 $44,000 $81,200
2016 $7,999 $125,200 $44,000 $81,200
2015 $7,909 $125,200 $44,000 $81,200
2014 $7,767 $125,200 $44,000 $81,200
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2022

    Vincent Tozzo

    CENTURY 21 THOMSON & CO

    (347) 831-0488

    9 in this area

    31 Total Sales

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Map

Source: All Jersey MLS

MLS Number: 2304122R

All Jersey MLS

APN: 13-00164-0000-00014

New Jersey Union County Rahway 07065

1681 Oliver St, Rahway, NJ

This home is located at 1681 Oliver St, Rahway, NJ 07065 since 28 September 2022 and is currently estimated at $513,416, approximately $298 per square foot. This property was built in 1880. 1681 Oliver St is a home located in Union County with nearby schools including Rahway High School and Mother Seton Regional High School.

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