NOT LISTED FOR SALE

400 W Scott Ave Rahway, NJ 07065

Estimated Value: $645,688 - $696,000

-- Bed
-- Bath
1,764 Sq Ft
$380/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $605,000 $343 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,161/month

78 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • Fenced
  • Corner Lot
  • Utility Room
  • Hot Water Baseboard Heater

About This Home

As of June 2022

Please Note Multiple Offers Received, Seller Will Be Going To Highest & Best Friday 4/15 @ 1pm. Located in the desirable town of Rahway, this rare investment property in today's market, will not last! Welcome to 400 W Scott Avenue. Both units have been updated, newer windows, freshly painted, brand new engineered hardwood flooring, new ceiling fans and fixtures throughout. Unit 1 features: 2 bedrooms, dining/living area, 1 full renovated bath with modern fixtures and gold mosaic tiling from floor to ceiling in shower. The kitchen has also been completely renovated with tile backsplash, quartz countertops, and brand new stainless steel appliances as well as a full unfinished basement- great for additional storage. Unit 2 features: 3 bedrooms, dining/living area, and 1 full updated bathroom. The kitchen is also updated as well with granite countertops, tiled backsplash, and stainless steal appliances. Additional features include, beautiful natural lighting throughout, large driveway, above ground pool, fully fenced in backyard with patio area, exterior cosmetic work, centrally located and minutes away from shopping, dining and public transportation. This is a perfect for anyone looking for an affordable investment property or for the owner to live in one unit and generate income from the other. Don't miss out on the opportunity to own a well maintained and newly updated multifamily home.

Last Listed By

Vincent Tozzo

CENTURY 21 THOMSON & CO Listed on: 04/10/2022

CENTURY 21 THOMSON & CO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,336

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 100.00 x 63.00
  • Fenced
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Utility Room

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • No Cooling
  • Hot Water Baseboard Heater
  • 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(electric water gas), unit 2 owner pays(electric water gas)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,336

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 100.00 x 63.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1930
  • 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(Electric,Water,Gas), Unit 2 Owner Pays(Electric,Water,Gas)
  • Has Basement: Full, Exterior Entry, Interior Entry, Utility Room
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,1 Bath,Living Room)
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Near Train, Corner Lot, Near Public Transit
  • Exterior Features: Patio, Fencing/Wall
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street, 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Tax Info

  • Tax Annual Amount: 10336

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
Apr 10, 2022
Closed on
Jun 14, 2022
Sold by
Hughes Home Buyers Llc
Bought by
Hutson Ronald and Hutson Rondel
Seller's Agent
Vincent Tozzo
CENTURY 21 THOMSON & CO
List Price
$549,000
Sold Price
$605,000
Premium/Discount to List
$56,000
10.2%
Total Days on Market
78
Current Estimated Value
$669,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,672
Avg. Annual Appreciation
3.33%
Original Mortgage
$484,000
Outstanding Balance
$465,744
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$198,494

Purchase Details

Closed on
Jan 9, 2022
Sold by
Santos Jr Jaime R
Bought by
Hughes Home Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2015
Sold by
Melendez William
Bought by
Melendez Daniella Santos

Purchase Details

Closed on
Jun 12, 1997
Sold by
Mendes Rui M and Mendes Victoria P Shoro
Bought by
Santos Jaime R and Santos Vera L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,017
Interest Rate
7.87%
Mortgage Type
FHA

Range of Values:

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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

Date Buyer Sale Price Title Company
Hutson Ronald $605,000 Mahoney Dennis M
Melendez Daniella Santos -- None Available
Santos Jaime R $160,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutson Ronald $484,000
Previous Owner Santos Jaime R $324,438
Previous Owner Melendez William $223,000
Previous Owner Santos Jamie R $20,000
Previous Owner Santos Jaime R $153,017
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $605,000 +10.2% $343 / Sq Ft
05/28/2022 05/28/22 Off Market $549,000 -- --
04/10/2022 04/10/22 For Sale $549,000 -- $311 / 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 $17,385 $242,400 $61,800 $180,600
2023 $17,385 $242,400 $61,800 $180,600
2022 $5,611 $79,900 $61,800 $18,100
2021 $10,336 $148,700 $61,800 $86,900
2020 $10,297 $148,700 $61,800 $86,900
2019 $10,167 $148,700 $61,800 $86,900
2018 $9,952 $148,700 $61,800 $86,900
2017 $9,707 $148,700 $61,800 $86,900
2016 $9,500 $148,700 $61,800 $86,900
2015 $9,393 $139,600 $61,800 $77,800
2014 $8,661 $139,600 $61,800 $77,800
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

    29 Total Sales

    Vincent Tozzo
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2212229R

All Jersey MLS

APN: 13-00221-0000-00009

New Jersey Union County Rahway 07065

400 W Scott Ave, Rahway, NJ

Homes for Sale in Rahway, NJ

This home is located at 400 W Scott Ave, Rahway, NJ 07065 since 10 April 2022 and is currently estimated at $669,672, approximately $379 per square foot. This property was built in 1930. 400 W Scott Ave is a home located in Union County with nearby schools including Rahway High School and St John The Apostle School.

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