NOT LISTED FOR SALE

545 Gorge Rd Cliffside Park, NJ 07010

Estimated Value: $846,000 - $954,658

4 Beds
4 Baths
2,448 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2024

Last sale price $862,500 $352 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,839 / mo

56 Days on Market

About This Home

As of December 2024

This 4-family house in the heart of Cliffside Park is an outstanding investment opportunity. Each of the four units is a one-bedroom apartment, fully occupied with tenants on a month-to-month basis, allowing for future leasing flexibility. The property generates a gross rent of $63,564 annually, with a net income of approximately $40,000. These figures do not include additional income potential from parking. The property features a long driveway and a two-car garage, providing ample parking space. Located in a prime area, it's close to transportation, shopping centers, schools, restaurants, and parks, making it highly attractive to tenants and investors.

Last Agent to Sell the Property

Bettina Peretti-Monaco

Century 21 Calabrese Realty Listed on: 08/20/2024

Century 21 Calabrese Realty

Last Buyer's Agent

Michael Arabia

Evelyn G. Rafter & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,586

Lot Details

  • 4,400

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Laundry in Basement

Community Details

  • Maintenance Expense $2,000

Listing and Financial Details

  • Legal Lot and Block 00014 / 01702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,586

Lot Details

4,400 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: (201) 541-6400
  • MLS Status: Sold - Sold
  • Directions: Gorge rd direct
  • Architectural Style: 4 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Mixedflr
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Multi Family

  • Maintenance Expense: 2000.0

Tax Info

  • Tax Annual Amount: 10586.0
  • Tax Block: 01702
  • Tax Lot: 00014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Dec 17, 2024
Sold by
Bought by
Seller's Agent
Bettina Peretti-Monaco
Century 21 Calabrese Realty
Buyer's Agent
Michael Arabia
Evelyn G. Rafter & Associates
List Price
$890,000
Sold Price
$862,500
Premium/Discount to List
-$27,500
-3.09%
Views
22
Current Estimated Value
$906,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,915
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
Aug 18, 2023
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$862,500 Old Republic Title
$862,500 Old Republic Title
$200,000 None Listed On Document
$220,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $220,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2024 12/17/24 Sold $862,500 -3.1% $352 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $890,000 -- $364 / Sq Ft
Source: New Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,374 $412,700 $207,100 $205,600
2024 $11,044 $412,700 $207,100 $205,600
2023 $10,586 $412,700 $207,100 $205,600
2022 $10,586 $412,700 $207,100 $205,600
2021 $10,388 $412,700 $207,100 $205,600
2020 $10,268 $412,700 $207,100 $205,600
2019 $10,078 $412,700 $207,100 $205,600
2018 $10,062 $412,700 $207,100 $205,600
2017 $9,872 $412,700 $207,100 $205,600
2016 $9,678 $412,700 $207,100 $205,600
2015 $9,389 $412,700 $207,100 $205,600
2014 $9,129 $412,700 $207,100 $205,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24026900

New Jersey MLS

APN: 06-01702-0000-00014

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