NOT LISTED FOR SALE

62 Central Ave Caldwell, NJ 07006

Estimated Value: $682,000 - $755,000

4 Beds
2 Baths
2,235 Sq Ft
$326/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $675,000 $302 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,877/month

32 Days on Market

About This Home

As of October 2023

This is a coming soon listing and cannot be shown until 8/5/2023. Welcome to 62 Central Ave in Caldwell! This charming two-family property is now available for sale, offering an incredible opportunity for both investors and those seeking a place to call home. Each unit features two bedrooms and one full bathroom, providing comfortable living spaces for residents. However, the upstairs unit has an extra surprise - two large bonus rooms on the third floor! These versatile spaces could be used as home offices, playrooms, or even additional bedrooms. The possibilities are endless! With its convenient location, ample parking, and updated features, this property is sure to impress. 62 Central Ave boasts two spacious units, each with its own separate entrance. Stepping inside, you'll immediately notice the attention to detail throughout. The updated kitchens in both units are not only functional but also showcase modern design elements that will make cooking a joy. In addition to the kitchen upgrades, both units feature updated bathrooms that exude luxury and comfort. One of the standout features of 62 Central Ave is the spacious front porch. Picture yourself sipping your morning coffee or unwinding after a long day in this inviting space. This property offers added convenience with newer hot water heaters and newer electrical panels for each unit, providing peace of mind and reducing maintenance concerns. Each unit also has its own washer and dryer, eliminating the need for off-site laundry trips. With separate utilities for each unit, residents can easily manage their own expenses. Ample off-street parking is another highlight of 62 Central Ave. With space for up to four vehicles, you can bid farewell to the stress of searching for parking after a long day. Your cars will always have a safe and secure place to call home. Location is everything, and this property does not disappoint. Situated close to major highways and local amenities, 62 Central Ave offers easy access to everything you need. Whether it's shopping, dining out, or enjoying recreational activities, you'll find it all just a short distance away. Don't miss out on the opportunity to own this remarkable two-family property. Whether you're looking to generate rental income or create a unique living arrangement, 62 Central Ave in Caldwell is an exceptional choice. Schedule your showing today and embrace the potential that this property holds!

Last Agent to Sell the Property

Brenda Irwin

RE/MAX Revolution License #2295098 Listed on: 08/05/2023

RE/MAX Revolution

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,349

Year Built

  • Built in 1928

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35 x 100

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,235 Sq Ft Home
  • 3-Story Property
  • Basement
  • Basement Storage

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, sewer, gas, electricity
  • Assessor Parcel Number 03-00029-0000-00003

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $49,200
  • Net Operating Income $30,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,349

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1928
  • Contract Info List PriceSqFt: 306.49
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 35 x 100
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Gross Income2: 49200.0
  • Income Expenses Net Income: 30070.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Basement Tenant Storage: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Cooling No Heat2: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Acres: 0.08
  • Waterfront: No
  • Exclusions: personal property
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, See Remarks
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 35 x 100
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 03-00029-0000-00003
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Tenant Pays: Water, Sewer, Gas, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12349.0
  • Tax Other Annual Assessment Amount: 408500.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 49200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Hinchcliffe Sandra
Bought by
Hinchcliffe Residence Trust
Current Estimated Value
$728,571

Purchase Details

Closed on
May 16, 2016
Sold by
Harrell Jacqueline and Koerber Joanne
Bought by
Hinchcliffe Sandra

Purchase Details

Closed on
Dec 15, 2000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hinchcliffe Residence Trust -- None Listed On Document
Hinchcliffe Sandra $140,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hinchcliffe Sandra --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $675,000 -1.5% $302 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/05/2023 08/05/23 For Sale $685,000 -- $306 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $12,672 $408,500 $197,500 $211,000
2024 $12,672 $408,500 $197,500 $211,000
2022 $12,349 $408,500 $197,500 $211,000
2021 $11,757 $408,500 $197,500 $211,000
2020 $11,450 $408,500 $197,500 $211,000
2019 $11,397 $408,500 $197,500 $211,000
2018 $11,099 $408,500 $197,500 $211,000
2017 $10,430 $391,800 $197,500 $194,300
2016 $9,907 $365,300 $185,200 $180,100
2015 $9,450 $365,300 $185,200 $180,100
2014 $8,851 $365,300 $185,200 $180,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22320186

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 03-00029-0000-00003