KAREN SIMS
KELLER WILLIAMS CITY LIFE REALTY
(551) 205-9728
103 Total Sales
1 in Garfield
$449,000 Price
402 River Dr Garfield, NJ 07026
Garfield AreaEstimated Value: $755,261
3
Beds
2
Baths
2,457
Sq Ft
$307/Sq Ft
Est. Value
About This Home
As of September 20247% Cap Rate! Stunning turn key investment opportunity. First floor has 1,600 SF of commercial space ready for a restaurant or office space. The commercial space has central heat, AC and commercial Hood and freezer included. There are 2 fully renovated residential units above. The second floor has 2 bedrooms 1 bath, the 3rd floor has 1 bedroom 1 bath. Both apartments include sound proof floors which is a great plus. Everything was renovated, including new roof, siding, heating units, windows, floors plumbing and electric. Pictures were taking before tenants moved in.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,272
Lot Details
- 2,439
Home Design
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Natural Gas Connected
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00042 / 00081
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
Sep 8, 2023
Closed on
Sep 26, 2024
Sold by
Bought by
Seller's Agent
Peter Boutros
EXP Realty, LLC
Buyer's Agent
Richard Hartnett
Modern Realty Group
List Price
$775,000
Sold Price
$730,000
Premium/Discount to List
-$45,000
-5.81%
Views
311
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,261
Avg. Annual Appreciation
1.86%
Purchase Details
Closed on
Jul 26, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 23, 2014
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
$227,500
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 19, 2007
Sold by
Bought by
Purchase Details
Closed on
Sep 8, 1999
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
$165,000
Interest Rate
8.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 22, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Garfield, NJ
-
KAREN SIMS
-
Frank Capoano
Frank Capoano
EXP Realty, LLC
(551) 282-9919
54 Total Sales
1 in Garfield
$385,000 Price
-
Stacia Brunda
Stacia Brunda
Real
(551) 266-5253
44 Total Sales
6 in Garfield
$289K - $760K Price Range
-
Kevin Pereyra
Kevin Pereyra
Ozana Realty Group
(929) 581-7282
50 Total Sales
1 in Garfield
$489,000 Price
-
Antonio Greco
Antonio Greco
Keller Williams Innovate South
(551) 213-7054
14 Total Sales
1 in Garfield
$577,000 Price
-
Christine Austin
Christine Austin
RE/MAX First Realty II
(973) 798-9342
58 Total Sales
1 in Garfield
$551,000 Price
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 |
|---|---|---|---|
| $730,000 | Old Republic National Title | ||
| $336,000 | None Available | ||
| $325,000 | -- | ||
| $225,000 | -- | ||
| $220,000 | Chicago Title Insurance Co | ||
| $127,500 | -- |
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 | $500,000 | ||
| Previous Owner | $227,500 | ||
| Previous Owner | $165,000 |
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 |
|---|---|---|---|---|
| 09/26/2024 09/26/24 | Sold | $730,000 | -0.7% | $297 / Sq Ft |
| 06/17/2024 06/17/24 | Pending | -- | -- | -- |
| 02/23/2024 02/23/24 | Price Changed | $735,000 | -2.6% | $299 / Sq Ft |
| 11/16/2023 11/16/23 | Price Changed | $755,000 | -2.6% | $307 / Sq Ft |
| 09/08/2023 09/08/23 | For Sale | $775,000 | -- | $315 / Sq Ft |
Source: New 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 | $15,134 | $435,000 | $81,900 | $353,100 |
| 2025 | $14,516 | $435,000 | $81,900 | $353,100 |
| 2024 | $14,272 | $435,000 | $81,900 | $353,100 |
| 2023 | $10,449 | $435,000 | $81,900 | $353,100 |
| 2022 | $10,449 | $335,000 | $81,900 | $253,100 |
| 2021 | $10,144 | $335,000 | $81,900 | $253,100 |
| 2020 | $11,143 | $376,200 | $81,900 | $294,300 |
| 2019 | $10,932 | $376,200 | $81,900 | $294,300 |
| 2018 | $10,688 | $376,200 | $81,900 | $294,300 |
| 2017 | $10,500 | $376,200 | $81,900 | $294,300 |
| 2016 | $10,188 | $376,200 | $81,900 | $294,300 |
| 2015 | $9,935 | $376,200 | $81,900 | $294,300 |
| 2014 | $9,672 | $376,200 | $81,900 | $294,300 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Boutros
Seller's Agent in 2024
Peter Boutros
EXP Realty, LLC
(201) 831-7697
262 Total Sales
-
Richard Hartnett
R
Buyer's Agent in 2024
Richard Hartnett
Modern Realty Group
5 Total Sales
Map
Source: New Jersey MLS
MLS Number: 23027975
APN: 21-00081-0000-00042
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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