NOT LISTED FOR SALE

54 Colfax Rd Wayne, NJ 07470

Estimated Value: $449,825 - $540,000

2 Beds
1 Bath
840 Sq Ft
$585/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $325,000 $387 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,432/month

14 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Attached Garage
  • Albert P. Terhune Elementary School Rated A
  • Property is near a park
  • Central Air

About This Home

As of December 2020

Amazing opportunity! Why rent when you can buy! Well maintained, incredible expansion possibilities. Large walk up attic, full basement to finish, generator, hardwood floors & beautiful property! Home features: Formal living room, charming kitchen w/ stainless steel appliances & breakfast room. 2 nice size bedrooms & full bathroom. Amazing opportunity for future expansion w/ full walk up attic, possibility for additional bedrooms/ bath. Full basement can also be finished for recreational room. Wonderful fenced in yard with patio. Home is well maintained & as is condition due to estate, buyer responsible for CCO & fire inspections. 1 car garage w/ driveway & additional parking area. Convenient location. Top rated schools. Minutes to restaurants, shopping, major highways and NJ Transit Bus & Train Center.

Last Agent to Sell the Property

Karen Peters

Coldwell Banker, Wayne Listed on: 10/13/2020

Coldwell Banker, Wayne

Last Buyer's Agent

Outside Agent

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,912

Year Built

  • 1959

Lot Details

  • 5,009 Sq Ft Lot
  • Rectangular Lot

Parking

  • Attached Garage

Home Design

  • Built in the 1950s
  • Cape Cod Architecture

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 161403610 00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,912

Year Built

1959

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Cape Cod
  • Additional Sub Style: None
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Miscellaneous: Hdwd As In, Deck / Patio
  • Views/Exposure: None
  • Year Built: 1950's
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 5
  • Fireplace: None
  • Bedrooms: 2
  • Total Bathrooms: 1.00
  • Primary Bathroom: N
  • Full Bathrooms: 1
  • Basement: Full, Unfinished

Exterior Features

  • Exterior: Aluminum
  • Waterfront: None

Garage/Parking

  • Garage: Attached, 1 Car Garage

Utilities

  • Heating: Baseboard, Gas, Hot Water, Oil
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: None

Lot Info

  • County Name: PASSAIC
  • Lot: 00020
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 5009

Tax Info

  • Tax: 7912
  • Assessor Parcel Number: 161403610 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Dec 23, 2020
Sold by
Petkovic Sladjana and Lane Lena E
Bought by
Prokop Keith Matthew and Fakhoury Georgina Ann
Seller's Agent
Karen Peters
Coldwell Banker, Wayne
Buyer's Agent
Outside Agent
Outside Office
List Price
$319,000
Sold Price
$325,000
Premium/Discount to List
$6,000
1.88%
Total Days on Market
14
Current Estimated Value
$491,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,456
Avg. Annual Appreciation
9.72%
Original Mortgage
$300,000
Outstanding Balance
$270,148
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$221,308
Source: Public Records

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Range of Values:

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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
Prokop Keith Matthew $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prokop Keith Matthew $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $325,000 +1.9% $387 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $319,000 -- $380 / Sq Ft
Source: New 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 $8,205 $143,500 $84,800 $58,700
2022 $8,113 $143,500 $84,800 $58,700
2021 $8,105 $143,500 $84,800 $58,700
2020 $8,069 $143,500 $84,800 $58,700
2019 $7,913 $143,500 $84,800 $58,700
2018 $7,842 $143,500 $84,800 $58,700
2017 $7,771 $143,500 $84,800 $58,700
2016 $7,661 $143,500 $84,800 $58,700
2015 $7,570 $143,500 $84,800 $58,700
2014 $7,356 $143,500 $84,800 $58,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20043287

New Jersey MLS

APN: 14-03610-0000-00020