NOT LISTED FOR SALE

54 Taft Ave Edison, NJ 08817

Estimated Value: $788,000 - $989,000

Studio
-- Bath
2,464 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $860,000 $349 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,650/month

14 Days on Market

Highlights

  • Property is near public transit and shops
  • Private Yard
  • Forced Air Heating and Cooling System
  • John Marshall Elementary School Rated A-
  • Shed

About This Home

As of May 2024

more photos on the way, comps at 425k each side, 3/2, basement, driveway, shed. Great rent rolls, great location.

Last Agent to Sell the Property

Paul Verdicchio

HALO REALTY Listed on: 01/31/2024

Co-Listed By

LORENZO VERDICCHIO

HALO REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,485

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 100.00
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Shed
  • Property is near public transit and shops

Listing and Financial Details

  • The owner pays for unit 1 owner pays(electric gas), unit 2 owner pays(electric gas)

Community Details

Overview

  • New Brunswick Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,485

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 100.00 x 100.00
  • Co List Office Mls Id: HALO02
  • Ownership: Fee Simple
  • Subdivision Name: New Brunswick
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Electric,Gas), Unit 2 Owner Pays(Electric,Gas)
  • Has Basement: Finished, Bath Half
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Living Room,Den/Family Room), Unit 2(Dining Room,3 Bedrooms,Living Room,Den/Family Room)
  • Living Area: 2464
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Near Public Transit
  • Exterior Features: Storage Shed, Yard
  • Other Structures: Shed(s)
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All, Unit 1(A/C Central), Unit 2(A/C Central)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 10001
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 5485
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
May 2, 2024
Sold by
54 Taft Avenue Llc
Bought by
Cheng Hiu Ming and Wang Sheng Lian
Seller's Agent
Paul Verdicchio
HALO REALTY
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Views
258
Current Estimated Value
$905,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,390
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
Feb 27, 2013
Sold by
Atfh Real Property Llc
Bought by
54 Taft Avenue Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cheng Hiu Ming $860,000 Evergreen Land Title Services
Cheng Hiu Ming $860,000 None Listed On Document
54 Taft Avenue Llc $160,000 Ctl Title Insurance
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $860,000 +1.2% $349 / Sq Ft
01/31/2024 01/31/24 For Sale $850,000 -- $345 / Sq Ft
Source: All 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
2025 $10,989 $184,600 $90,000 $94,600
2024 $10,930 $184,600 $90,000 $94,600
Source: Public Records

Agents Affiliated with this Home

  • Paul Verdicchio

    Seller's Agent in 2024

    Paul Verdicchio

    HALO REALTY

    (848) 229-1810

    1 in this area

    14 Total Sales

    Paul Verdicchio
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    LORENZO VERDICCHIO

    HALO REALTY

    (732) 770-2336

    3 in this area

    7 Total Sales

    LORENZO VERDICCHIO
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2407735R

All Jersey MLS

APN: 05-00084-0000-00018-01

New Jersey Middlesex County Edison 08817

54 Taft Ave, Edison, NJ

Not Listed for Sale

MultiFamily

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