NOT LISTED FOR SALE

490 W Lake Ave Rahway, NJ 07065

Estimated Value: $451,000 - $544,580

3 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold February 14, 2024

Last sale price $495,000

Est. 3% increase in value since last sale

Current estimated payment $3,536/month

25 Days on Market

About This Home

As of February 2024

This home is located at 490 W Lake Ave, Rahway, NJ 07065 since 12 October 2023 and is currently estimated at $507,895. 490 W Lake Ave is a home located in Union County with nearby schools including Rahway High School.

Last Agent to Sell the Property

Moshe Wigder

TWRG REALTY GROUP Brokerage Phone: 908-355-1717 Listed on: 10/12/2023

Co-Listed By

Chaim Cillo

TWRG REALTY GROUP Brokerage Phone: 908-355-1717

Last Buyer's Agent

Pinchus Rottenberg

PINN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,982

Lot Details

  • 4,356 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,982

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 490
  • I D: 5250129
  • Modified: 2025-02-15
  • Number Images: 1
  • Attribution Contact: 908-355-1717
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.10

Lot Info

  • Lot Size: 50X111
  • Total Acres: 0.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 14, 2024
Sold by
Nadlan Properties Llc
Bought by
Knopfler Usher and Green Zisl
Seller's Agent
Moshe Wigder
TWRG REALTY GROUP
Buyer's Agent
Pinchus Rottenberg
PINN REALTY
List Price
$475,000
Sold Price
$495,000
Premium/Discount to List
$20,000
4.21%
Views
165
Current Estimated Value
$507,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,895
Avg. Annual Appreciation
1.57%
Original Mortgage
$396,000
Outstanding Balance
$389,067
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$118,828

Purchase Details

Listed on
May 23, 2023
Closed on
Aug 2, 2023
Sold by
Choy Willie and Choy Bernadette
Bought by
Nadlan Properties Llc
Seller's Agent
Alexa Constandinou
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
Moshe Wigder
TWRG REALTY GROUP
List Price
$349,900
Sold Price
$365,000
Premium/Discount to List
$15,100
4.32%
Views
561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.66%
Original Mortgage
$378,000
Interest Rate
6.71%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 21, 1983
Bought by
Choy Willie and Choy Bernadette
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Knopfler Usher $495,000 Lakeland Abstract
Knopfler Usher $495,000 Lakeland Abstract
Nadlan Properties Llc $365,000 Stewart Title
Nadlan Properties Llc $365,000 Stewart Title
Choy Willie $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knopfler Usher $396,000
Previous Owner Nadlan Properties Llc $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2024 02/14/24 Sold $495,000 +4.2% --
11/06/2023 11/06/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $475,000 +30.1% --
08/07/2023 08/07/23 Sold $365,000 +4.3% -- View Prior Sale
06/09/2023 06/09/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $349,900 -- --
Source: Garden State 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
2025 $9,982 $159,700 $55,600 $104,100
2024 $9,668 $134,800 $55,600 $79,200
2023 $9,668 $134,800 $55,600 $79,200
2022 $9,466 $134,800 $55,600 $79,200
2021 $9,370 $134,800 $55,600 $79,200
2020 $9,335 $134,800 $55,600 $79,200
2019 $9,216 $134,800 $55,600 $79,200
2018 $9,022 $134,800 $55,600 $79,200
2017 $8,800 $134,800 $55,600 $79,200
2016 $8,612 $134,800 $55,600 $79,200
2015 $8,515 $134,800 $55,600 $79,200
2014 $8,363 $134,800 $55,600 $79,200
Source: Public Records

Agents Affiliated with this Home

  • Moshe Wigder

    Seller's Agent in 2024

    Moshe Wigder

    TWRG REALTY GROUP

    (908) 355-1717

    2 in this area

    39 Total Sales

    Moshe Wigder
    Section Image
  • Chaim Cillo

    Seller Co-Listing Agent in 2024

    Chaim Cillo

    TWRG REALTY GROUP

    (917) 817-9146

    1 in this area

    101 Total Sales

    Chaim Cillo
    Section Image

  • P

    Buyer's Agent in 2024

    Pinchus Rottenberg

    PINN REALTY

    (718) 930-4981

    12 in this area

    28 Total Sales

    Pinchus Rottenberg
    Section Image
  • Alexa Constandinou

    Seller's Agent in 2023

    Alexa Constandinou

    NICHOLAS REAL ESTATE AGENCY

    (973) 634-8853

    1 in this area

    85 Total Sales

    Alexa Constandinou
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3869489

Garden State MLS

APN: 13-00067-0000-00012

New Jersey Union County Rahway 07065

490 W Lake Ave, Rahway, NJ

This home is located at 490 W Lake Ave, Rahway, NJ 07065 since 12 October 2023 and is currently estimated at $507,895. 490 W Lake Ave is a home located in Union County with nearby schools including Rahway High School.

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