550 Forest Rd Scotch Plains, NJ 07076
Estimated payment $4,872/month
About This Home
Well-maintained two-family in highly desirable Scotch Plains! Prime location near downtown, schools, shopping, and NYC transportation. Each unit offers 2 bedrooms with updated kitchens and baths. Spacious first-floor unit features hardwood floors with laundry and garage access. Second floor has access to finished attic. Bonus space includes a partially finished basement with split system heat and air conditioning. Large backyard for outdoor enjoyment. A fantastic opportunity for investors or owner-occupants seeking rental income. Home does not require flood insurance.A revaluation of all properties in Scotch Plains is currently underway; current taxes and assessments subject to change.
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 908-507-1916 Listed on: 01/29/2026
Open House Schedule
-
Sunday, February 01, 20261:00 to 3:00 pm2/1/2026 1:00:00 PM +00:002/1/2026 3:00:00 PM +00:00Please enter through basement door in the backyard!Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,309
Year Built
- Built in 1910
Parking
- 2 Car Detached Garage
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- 1 Elementary School
- Nettingham Middle School
- Sp Fanwood High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Standard Electricity
Additional Features
- Walk-Out Basement
- 75 Sq Ft Lot
Community Details
- Net Operating Income $34,800
Listing and Financial Details
- Assessor Parcel Number 2916-01401-0000-00037-0000-
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,309 | $104,600 | $26,500 | $78,100 |
| 2024 | $11,946 | $104,600 | $26,500 | $78,100 |
| 2023 | $11,946 | $104,600 | $26,500 | $78,100 |
| 2022 | $9,468 | $83,900 | $26,500 | $57,400 |
| 2021 | $9,452 | $83,900 | $26,500 | $57,400 |
| 2020 | $9,407 | $83,900 | $26,500 | $57,400 |
| 2019 | $9,337 | $83,900 | $26,500 | $57,400 |
| 2018 | $9,180 | $83,900 | $26,500 | $57,400 |
| 2017 | $8,976 | $83,900 | $26,500 | $57,400 |
| 2016 | $8,804 | $83,900 | $26,500 | $57,400 |
| 2015 | $8,659 | $83,900 | $26,500 | $57,400 |
| 2014 | $8,374 | $83,900 | $26,500 | $57,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/03/2022 05/03/22 | Sold | $560,000 | +2.0% | -- | View Prior Sale |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- | |
| 01/05/2022 01/05/22 | For Sale | $549,000 | +18.1% | -- | |
| 12/10/2021 12/10/21 | Sold | $465,000 | +6.9% | -- | View Prior Sale |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- | |
| 10/01/2021 10/01/21 | For Sale | $435,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $560,000 | Ashkenazi Rebecca S | |
| Deed | $465,000 | Hometown Title Agency Llc | |
| Deed | -- | -- | |
| Deed | $301,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $541,310 | FHA | |
| Previous Owner | $388,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $349,250 | No Value Available |
Source: Garden State MLS
MLS Number: 4007294
APN: 16-01401-0000-00037
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