480 W Lake Ave Rahway, NJ 07065
Estimated payment $3,023/month
Highlights
- Colonial Architecture
- Home Office
- Formal Dining Room
- Wood Flooring
- Workshop
- Enclosed Patio or Porch
About This Home
**Multiple offer received - all H&B offers due by 7/2 at 7pm** Welcome to this charming home offering tremendous potential on a generous 50x111 lot in a desirable Rahway location. The first floor features an inviting enclosed front porch that leads into a comfortable living room anchored by a wood-burning fireplace with a newly installed liner. The main level flows nicely from the living room into the dining room and kitchen, creating excellent space for daily living and entertaining. Upstairs, you'll find three bedrooms plus a flexible office space, providing excellent options for today's work-from-home lifestyle, all served by a full bathroom. The basement offers valuable storage space and includes a workbench area, plus there's already a toilet installed that could be expanded into an additional bathroom. Hidden beneath the existing carpeting are beautiful hardwood floors throughout most of the home, waiting to be restored to their original charm. With some updating and your personal touches, this property offers the opportunity to create your dream home. Situated approx. one mile from both downtown Rahway's shops and restaurants and the Rahway train station, providing easy access to NYC and surrounding areas. The private driveway and spacious lot offer plenty of parking and potential for outdoor enjoyment, gardening, or future expansion. This is an excellent opportunity for buyers looking to put their own stamp on a home with great bones in a prime location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,108
Year Built
- Built in 1925
Parking
- 2 Parking Spaces
Home Design
- Colonial Architecture
- Aluminum Siding
Interior Spaces
- 1,256 Sq Ft Home
- Wood Burning Fireplace
- Blinds
- Living Room
- Formal Dining Room
- Home Office
- Workshop
- Storage Room
- Utility Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Built-In Electric Oven
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
- Storm Doors
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Window Unit Cooling System
- Standard Electricity
- Gas Water Heater
Additional Features
- Enclosed Patio or Porch
- 4,356 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 2913-00067-0000-00013-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,108 | $123,000 | $55,600 | $67,400 |
| 2024 | $8,822 | $123,000 | $55,600 | $67,400 |
| 2023 | $8,822 | $123,000 | $55,600 | $67,400 |
| 2022 | $8,637 | $123,000 | $55,600 | $67,400 |
| 2021 | $8,550 | $123,000 | $55,600 | $67,400 |
| 2020 | $8,518 | $123,000 | $55,600 | $67,400 |
| 2019 | $8,410 | $123,000 | $55,600 | $67,400 |
| 2018 | $8,232 | $123,000 | $55,600 | $67,400 |
| 2017 | $8,029 | $123,000 | $55,600 | $67,400 |
| 2016 | $7,858 | $123,000 | $55,600 | $67,400 |
| 2015 | $7,770 | $123,000 | $55,600 | $67,400 |
| 2014 | $7,631 | $123,000 | $55,600 | $67,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | For Sale | $424,900 | -- | $338 / Sq Ft |
Source: Garden State MLS
MLS Number: 3971828
APN: 13-00067-0000-00013
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