NOT LISTED FOR SALE

188 W Grand Ave Rahway, NJ 07065

Estimated Value: $458,000 - $543,000

-- Bed
-- Bath
2,117 Sq Ft
$240/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $380,000 $179 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,711/month

42 Days on Market

About This Home

As of March 2023

This home is located at 188 W Grand Ave, Rahway, NJ 07065 since 14 September 2022 and is currently estimated at $508,244, approximately $240 per square foot. 188 W Grand Ave 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

Christian Cobo

BHGRE ELITE Brokerage Phone: 908-316-8530 Listed on: 09/14/2022

BHGRE ELITE

Last Buyer's Agent

Christian Cobo

BHGRE ELITE Brokerage Phone: 908-316-8530 Listed on: 09/14/2022

BHGRE ELITE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,189

Lot Details

  • 4,356 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,189

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 188
  • I D: 5178616
  • Modified: 2024-03-10
  • Number Images: 1
  • Attribution Contact: 908-316-8530
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 33X140
  • Total Acres: 0.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Feb 17, 2023
Sold by
188 W Grand Ave Llc
Bought by
188 Rahway Llc
Seller's Agent
Christian Cobo
BHGRE ELITE
Buyer's Agent
Christian Cobo
BHGRE ELITE
List Price
$439,900
Sold Price
$380,000
Premium/Discount to List
-$59,900
-13.62%
Views
137
Current Estimated Value
$508,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,244
Avg. Annual Appreciation
12.03%
Original Mortgage
$342,000
Outstanding Balance
$331,263
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$176,981

Purchase Details

Closed on
Jan 30, 2020
Sold by
Queen Equities Llc
Bought by
188 W Grand Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2020
Sold by
Aster Holdings Llc
Bought by
Queen 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
$206,250
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2003
Sold by
Pitts Lonzie
Bought by
Pitts Lonzie and Donna Pitts

Purchase Details

Closed on
Apr 11, 1994
Sold by
Matthews Robert J
Bought by
Pitts Lonzie and Avent Terry E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7.27%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
188 Rahway Llc $380,000 Riverside Abstract
188 Rahway Llc $380,000 Riverside Abstract
188 W Grand Ave Llc $275,000 Cross Bridge Title Llc
Queen Equities Llc $86,553 Security Ttl Guarantee Corp
Pitts Lonzie -- --
Pitts Lonzie $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 188 Rahway Llc $342,000
Closed 188 Rahway Llc $342,000
Previous Owner 188 W Grand Ave Llc $206,250
Previous Owner Queen Equities Llc $206,250
Previous Owner Pitts Lonzie $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $380,000 -13.6% $179 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $439,900 -- $208 / 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
2025 $12,189 $164,600 $41,600 $123,000
2024 $9,015 $164,600 $41,600 $123,000
2023 $9,015 $125,700 $41,600 $84,100
2022 $8,827 $125,700 $41,600 $84,100
2021 $8,737 $125,700 $41,600 $84,100
2020 $8,705 $125,700 $41,600 $84,100
2019 $8,594 $125,700 $41,600 $84,100
2018 $8,413 $125,700 $41,600 $84,100
2017 $8,206 $125,700 $41,600 $84,100
2016 $8,031 $125,700 $41,600 $84,100
2015 $7,940 $125,700 $41,600 $84,100
2014 $7,798 $125,700 $41,600 $84,100
Source: Public Records

Agents Affiliated with this Home

  • Christian Cobo

    Seller's Agent in 2023

    Christian Cobo

    BHGRE ELITE

    (908) 884-5316

    8 in this area

    274 Total Sales

    Christian Cobo
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3807365

Garden State MLS

APN: 13-00161-0000-00036

New Jersey Union County Rahway 07065

188 W Grand Ave, Rahway, NJ

This home is located at 188 W Grand Ave, Rahway, NJ 07065 since 14 September 2022 and is currently estimated at $508,244, approximately $240 per square foot. 188 W Grand Ave is a home located in Union County with nearby schools including Rahway High School and Mother Seton Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes