NOT LISTED FOR SALE

485 E Scott Ave Rahway, NJ 07065

Estimated Value: $611,000 - $828,000

6 Beds
3 Baths
2,464 Sq Ft
$307/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $600,000 $244 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,353/month

7 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Forced Air Zoned Heating and Cooling System
  • Shed

About This Home

As of March 2021

Beautifully Updated 2 Family home in Rahway with great investment opportunity! First Floor unit features a newer Eat in Kitchen with Solid Oak Cabinets, Granite Counters, Tiled Backsplash and full Stainless Steel Appliance package. Spacious Living Room, Formal Dining Room, 3 Bedrooms and Full Bath. Gleaming wood tone laminate flooring throughout. 2nd Floor has 3 generous sized Bedrooms, Living Room, Dining Room. Full Modern Bathroom, w/w Carpeting and recessed Lighting. Gorgeous Kitchen Cabinets with Quartz Counter tops, Glass Tiled Backsplash, Tiled Floors and Stainless Steel Oven, Microwave and Dishwasher. Full Partially finished Basement with two Washer/Dyers, 2 Hot Water heaters, 2 heating units, Full Bathroom and storage room. Basement can be completely finished for even more living space. Large Yard with Vinyl Fence, Patio, 2 storage sheds and driveway with room for 6 cars! This is a great Investment property or Mother Daughter Set-Up. Close to Transportation, Shopping and Dining!

Last Agent to Sell the Property

Lisa Cline

RE/MAX Realty 9 License #0338387 Listed on: 01/15/2021

Last Buyer's Agent

Lisa Cline

RE/MAX Realty 9 License #0338387 Listed on: 01/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,298

Year Built

  • Built in 1981

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75 x 100

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Paved Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed

Schools

  • Rahway Middle School
  • Rahway High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Inman Heights Subdivision

Listing and Financial Details

  • Exclusions: Washer/Dryer, Refrigerator in 2nd floor unit and Ring Bells
  • Assessor Parcel Number 13-00386-0000-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,298

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: Inman Heights
  • Reso Flooring: W/W Carpet, Laminate, Ceramic Tile
  • New Construction: No
  • Year Built: 1981
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 75 x 100
  • Location Middle School: Rahway
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Garage None4: Yes
  • Exterior Shed3: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Washer/Dryer, Refrigerator in 2nd floor unit and Ring Bells
  • Exterior Features: Patio, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, None
  • General Property Info:Garage: No
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Rahway

Lot Info

  • Lot Dimensions: 75 x 100
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 13-00386-0000-00010
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13298.0
  • Tax Other Annual Assessment Amount: 194500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Rahway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Mar 3, 2021
Sold by
Boy Asteria
Bought by
Pereira Laura D
Seller's Agent
Lisa Cline
RE/MAX Realty 9
Buyer's Agent
Lisa Cline
RE/MAX Realty 9
List Price
$599,000
Sold Price
$600,000
Premium/Discount to List
$1,000
0.17%
Current Estimated Value
$757,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,187
Avg. Annual Appreciation
5.19%
Original Mortgage
$589,132
Outstanding Balance
$528,383
Interest Rate
2.73%
Mortgage Type
FHA
Estimated Equity
$228,804

Purchase Details

Closed on
Sep 18, 2001
Sold by
Boy Jaime F and Boy Asteria
Bought by
Boy Jaime F and Boy Asteria

Purchase Details

Closed on
Jan 12, 1998
Sold by
Depasquale Emil and Depasquale Miriam
Bought by
Rivera Juan and Boy Asteria
Source: Public Records

Range of Values:

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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
Pereira Laura D $600,000 Ats Title Agency Inc
Boy Jaime F -- --
Rivera Juan $174,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pereira Laura D $589,132
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $600,000 +0.2% $244 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $599,000 -- $243 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $16,195 $218,700 $49,700 $169,000
2024 $15,685 $218,700 $49,700 $169,000
2023 $15,685 $218,700 $49,700 $169,000
2022 $15,357 $218,700 $49,700 $169,000
2021 $13,520 $194,500 $49,700 $144,800
2020 $13,469 $194,500 $49,700 $144,800
2019 $13,298 $194,500 $49,700 $144,800
2018 $13,018 $194,500 $49,700 $144,800
2017 $12,697 $194,500 $49,700 $144,800
2016 $12,427 $194,500 $49,700 $144,800
2015 $12,287 $194,500 $49,700 $144,800
2014 $12,067 $194,500 $49,700 $144,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22101297

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 13-00386-0000-00010