NOT LISTED FOR SALE

54 W Cherry St Unit 204 Rahway, NJ 07065

Estimated Value: $360,000 - $396,000

2 Beds
2.5 Baths
1,200 Sq Ft
610 Sq Ft Lot

Last Sold October 11, 2021

Last sale price $220,000 $183 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,680/month

16 Days on Market

Highlights

  • 24-Hour Security
  • 1-minute walk to Rahway
  • Intercom
  • Property is near a park
  • Skylights
  • Storage

About This Home

As of October 2021

Located in the heart of downtown Rahway in a pet friendly, historic building across from the Rahway train station, this spacious, two level second floor unit is the opportunity you have been waiting for. As you walk in, you will immediately notice the high 12ft ceilings and natural light that illuminates the living and dining rooms. In addition, the first floor features a galley kitchen, in unit laundry and powder room. As you make your way to the second floor via the spiral staircase, you will notice a second entrance via the third floor of the building, skylight, full bathroom, utility closet, and the bedrooms including a king sized master with en-suite and double closets. The unit also comes with additional storage in the basement and assigned parking space.

Last Agent to Sell the Property

Davide Berardi

JMichaels Realty LLC Listed on: 08/04/2021

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,973

Year Built

  • 1986

Lot Details

  • 610

Home Design

  • Built in the 1980s
  • Condominium

Interior Spaces

  • 3-Story Property
  • Skylights
  • Storage
  • Intercom

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Guest Parking
  • Uncovered Parking

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 201300148 00025 0204

Community Details

Overview

  • $350 Maintenance Fee
  • Maintenance fee includes maint, water
  • Association Phone (908) 720-2844
  • Property managed by Liberty Property Grp

Amenities

  • Recycling
  • Elevator

Pet Policy

  • Pets Allowed

Additional Features

  • Security
  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,973

Year Built

1986

Lot Details

0

Listing Details

  • Property Short: CCT
  • Sub-Style: Condo
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Views/Exposure: None
  • Year Built: 1980's
  • Miscellaneous: Elevator, Hdwd As In, Intercom, Security, Skylights, WW/Carpet As In
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Compactor, Dishwasher, Ov/Rg/Gas, Refrigerator, Washer/Dryer
  • Stairs in unit: Y
  • Fireplace: None
  • Bedrooms: 2
  • Total Bathrooms: 2.10
  • Primary Bathroom: Y
  • Full Bathrooms: 2
  • Partial Bathroom: 1
  • Basement: Storage
  • Basement: Storage
  • Laundry: In Unit
  • Items Not Included: Personal
  • Items Included: Appliances As-Is

Exterior Features

  • Waterfront: None

Garage/Parking

  • Garage: Guest Parking, Pkg Spc Out

Utilities

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

Condo/Co-op/Association

  • Condo Number: 0204

Association/Amenities

  • Maintenance Charges: 350.00
  • Maintenance Included Description: maint, water
  • Mgmt Company: Liberty Property Grp
  • Management Phone: (908) 720-2844

Lot Info

  • County Name: UNION
  • Lot: 00025

Rental Info

  • Pets: Cats Allowed, Dogs Allowed

Tax Info

  • Tax: 6973
  • Assessor Parcel Number: 201300148 00025 0204

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Sep 23, 2021
Sold by
Kuru Sugabramya
Bought by
Thompson Kyle
Seller's Agent
Davide Berardi
JMichaels Realty LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$210,000
Sold Price
$220,000
Premium/Discount to List
$10,000
4.76%
Total Days on Market
16
Current Estimated Value
$370,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,456
Avg. Annual Appreciation
15.21%
Original Mortgage
$205,000
Outstanding Balance
$188,957
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$181,499

Purchase Details

Listed on
May 18, 2017
Closed on
Jul 7, 2017
Sold by
Knill Jennifer
Bought by
Kuru Sugabramya
Seller's Agent
Romina Scandroglio
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
BRANDON PEART
EXP REALTY, LLC
List Price
$189,900
Sold Price
$185,000
Premium/Discount to List
-$4,900
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$175,750
Interest Rate
3.94%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 28, 2000
Sold by
Kerin Theodore F
Bought by
Roessle Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage
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
Thompson Kyle $220,000 Old Republic Title
Kuru Sugabramya $185,000 First American Title
Roessle Jennifer $113,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Kyle $205,000
Previous Owner Kuru Sugabramya $175,750
Previous Owner Knill Jennifer $50,000
Previous Owner Knill James R $100,000
Previous Owner Roessle Jennifer $15,000
Previous Owner Roessle Jennifer $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2021 10/11/21 Sold $220,000 +4.8% $183 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $210,000 +13.5% $175 / Sq Ft
07/12/2017 07/12/17 Sold $185,000 -2.6% $154 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $189,900 -- $158 / 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 $7,315 $102,000 $30,000 $72,000
2023 $7,315 $102,000 $30,000 $72,000
2022 $7,162 $102,000 $30,000 $72,000
2021 $7,090 $102,000 $30,000 $72,000
2020 $7,064 $102,000 $30,000 $72,000
2019 $6,974 $102,000 $30,000 $72,000
2018 $6,827 $102,000 $30,000 $72,000
2017 $6,659 $102,000 $30,000 $72,000
2016 $6,517 $102,000 $30,000 $72,000
2015 $6,443 $102,000 $30,000 $72,000
2014 -- $102,000 $30,000 $72,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 21031734

New Jersey MLS

APN: 13-00148-0000-00025-0000-C0204