NOT LISTED FOR SALE

397 Rector St Perth Amboy, NJ 08861

State Street Neighborhood

Estimated Value: $592,128 - $659,000

Studio
2 Baths
1,600 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2026

Last sale price $656,000 $410 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,091 / mo

11 Days on Market

Highlights

  • Waterfront
  • Porch
  • Baseboard Heating
  • Property is near public transit and shops
  • Patio
  • 3-minute walk to Thomas Mundy Peterson Park

About This Home

As of January 2026

Discover a fantastic investment or live-in opportunity with this beautifully maintained two-family home. Each unit offers two bedrooms and a welcoming eat-in kitchen perfect for everyday living and family gatherings. The finished basement provides added convenience with laundry facilities and ample storage space. Enjoy a long driveway that accommodates 6+ vehicles and a rare double lot, offering plenty of outdoor potential. Recent updates include a complete renovation of the second-floor kitchen and bath, as well as new flooring and fresh paint on the first floor. This home is move-in ready and ideal for both homeowners and investors alike!

Last Agent to Sell the Property

angies hernandez

UNITED R.E. OF NORTH JERSEY Listed on: 10/28/2025

UNITED R.E. OF NORTH JERSEY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,122

Year Built

  • Built in 1909

Lot Details

  • 4,892 Sq Ft Lot
  • Lot Dimensions are 137.00 x 100.00
  • Waterfront

Home Design

  • Flat Roof Shape

Interior Spaces

  • 2 Bathrooms
  • 1,600 Sq Ft Home
  • 2-Story Property
  • Water Views

Finished Basement

  • Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Laundry in Basement
  • Basement Storage

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit and shops

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Underground Utilities
  • Water Heater

Listing and Financial Details

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

Community Details

Overview

  • Incl Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,122

Year Built

Built in 1909

Lot Details

4,892 Sq Ft Lot

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1123
  • Lot Size: 137.00 x 100.00
  • Ownership: Fee Simple
  • Subdivision Name: Incl
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1909
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(See Remarks,Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Electric,Water), Unit 2 Owner Pays(Water)
  • Has Basement: Finished, Exterior Entry, Recreation Room, Storage Space, Interior Entry, Laundry Facilities
  • Basement YN: No
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,Living Room), Unit 2(2 Bedrooms,Kitchen,Living Room)
  • Living Area: 1600
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Waterfront, Waterview
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Exterior Features: Patio, Porch
  • Patio And Porch Features: Patio, Porch
  • Roof: Flat

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 4892
  • Zoning: S-2A

Tax Info

  • Tax Annual Amount: 8122
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2025
Closed on
Dec 23, 2025
Sold by
Bought by
Seller's Agent
angies hernandez
UNITED R.E. OF NORTH JERSEY
List Price
$639,000
Sold Price
$656,000
Premium/Discount to List
$17,000
2.66%
Views
19
Current Estimated Value
$629,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,968
Avg. Annual Appreciation
-8.54%
Original Mortgage
$610,640
Outstanding Balance
$607,105
Interest Rate
6.23%
Mortgage Type
New Conventional
Estimated Equity
$21,927

Purchase Details

Listed on
Mar 13, 2024
Closed on
Sep 1, 2024
Sold by
Bought by
Seller's Agent
Lim Bances
LIM BANCES REALTY LLC
List Price
$490,000
Sold Price
$520,000
Premium/Discount to List
$30,000
6.12%
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.56%
Original Mortgage
$502,645
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 8, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.81%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$656,000 Westcor Land Title
$520,000 Westcor Land Title
$520,000 Westcor Land Title
$90,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $610,640
Previous Owner $502,645
Previous Owner $89,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2026 01/09/26 Sold $656,000 +2.7% $410 / Sq Ft
10/28/2025 10/28/25 For Sale $639,000 0.0% $399 / Sq Ft
12/01/2024 12/01/24 Rented $2,000 0.0% --
11/21/2024 11/21/24 Price Changed $2,000 -9.1% $1 / Sq Ft
11/12/2024 11/12/24 Price Changed $2,200 +10.0% $1 / Sq Ft
11/05/2024 11/05/24 For Rent $2,000 0.0% --
10/31/2024 10/31/24 Sold $520,000 +6.1% $325 / Sq Ft View Prior Sale
03/13/2024 03/13/24 For Sale $490,000 -- $306 / Sq Ft
Source: All Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,555 $271,000 $121,600 $149,400
2025 $8,122 $269,200 $121,600 $147,600
2024 $8,106 $269,200 $121,600 $147,600
2023 $8,106 $269,200 $121,600 $147,600
2022 $8,009 $269,200 $121,600 $147,600
2021 $8,019 $269,200 $121,600 $147,600
2020 $8,017 $269,200 $121,600 $147,600
2019 $8,046 $269,200 $121,600 $147,600
2018 $7,976 $269,200 $121,600 $147,600
2017 $7,960 $269,200 $121,600 $147,600
2016 $7,753 $269,200 $121,600 $147,600
2015 $7,807 $269,200 $121,600 $147,600
2014 $7,855 $269,200 $121,600 $147,600
Source: Public Records

Agents Affiliated with this Home

  • a

    Seller's Agent in 2026

    angies hernandez

    UNITED R.E. OF NORTH JERSEY

    (848) 203-7474

    2 in this area

    39 Total Sales

    angies hernandez
    Section Image
  • Lim Bances

    Seller's Agent in 2024

    Lim Bances

    LIM BANCES REALTY LLC

    (908) 242-2892

    1 in this area

    83 Total Sales

    Lim Bances
    Section Image
See All Agents

Map

Source: All Jersey MLS

MLS Number: 2606624R

All Jersey MLS

APN: 16-00139-0000-00012

New Jersey Middlesex County Perth Amboy 08861 State Street

397 Rector St, Perth Amboy, NJ

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