NOT LISTED FOR SALE

707 Union St Rahway, NJ 07065

Estimated Value: $567,272 - $622,000

3 Beds
2 Baths
1,552 Sq Ft
$383/Sq Ft Est. Value

Last Sold April 23, 2018

Last sale price $350,000 $226 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,226/month

17 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2018

Great opportunity to live-in or rent! This tastefully renovated two-family home is located in beautiful & up-and-coming Rahway, New Jersey! First floor unit features 2 bedrooms, 1 full bathroom & second floor unit features 1 bedroom, & 1 full bath. Brand new spacious kitchens w/ stainless steel appliances, granite countertops, ceramic tile backsplash, hardwood floors & new windows throughout for natural lighting in both units. Separate utilities have been set up w/ brand new central heat & air units. Both units have been completely remodeled & everything is brand new! Detached garage & huge yard - perfect size for summer hosting. Short walk to downtown Rahway, easy commute to NYC w/ nearby NJ transit train & buses, beautiful park just a walk away, great restaurants, & more.

Last Agent to Sell the Property

Roman Balandin

Roman Balandin Realty LLC License #1008501 Listed on: 02/07/2018

Co-Listed By

George Pavlushkin

RE/MAX Central License #1324942

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,453

Year Built

  • Built in 1925

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 60 x 66

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,552 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Rahway Middle School
  • Rahway High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Inman Heights Subdivision

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • Assessor Parcel Number 13-00210-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,453

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 1146
  • Co List Office Phone: 732-972-1000
  • Subdivision Name: Inman Heights
  • Reso Flooring: Wood
  • Year Built: 1925
  • 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: 60 x 66
  • Location Middle School: Rahway
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.09
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, On Street, Detached
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Rahway

Lot Info

  • Lot Dimensions: 60 x 66
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 13-00210-0000-00001
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Gas, Electricity

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 9453.0
  • Tax Other Annual Assessment Amount: 144800.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Rahway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Apr 9, 2018
Sold by
Elnashar Group Llc
Bought by
Vargas Ana M and Agudelo Ana M
Seller's Agent
Roman Balandin
Roman Balandin Realty LLC
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$350,000
Current Estimated Value
$594,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,068
Avg. Annual Appreciation
7.48%
Original Mortgage
$331,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2017
Closed on
Nov 6, 2017
Sold by
Fannie Mae
Bought by
Elnashar Group Llc
Seller's Agent
GEORGE BELLINO
SIGNATURE REALTY NJ
Buyer's Agent
George Pavlushkin
RE/MAX CENTRAL
List Price
$188,000
Sold Price
$170,000
Premium/Discount to List
-$18,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
380.60%

Purchase Details

Closed on
Jun 21, 2016
Sold by
Union County Sheriff
Bought by
Federal National Mortgage Assoc

Purchase Details

Closed on
Aug 31, 2006
Sold by
Essel John K
Bought by
Zavala William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,200
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 1996
Sold by
Bristol Oaks Lp
Bought by
Essel John K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,607
Interest Rate
8.11%

Purchase Details

Closed on
Apr 4, 1996
Sold by
Froehlich Ralph
Bought by
Bristol Oaks Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,607
Interest Rate
8.11%
Source: Public Records

Range of Values:

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Average Value
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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
Vargas Ana M $350,000 Property Title Group Llc
Elnashar Group Llc $170,000 Tri County Title Svcs L
Federal National Mortgage Assoc $1,000 --
Zavala William $318,000 --
Essel John K $112,000 --
Bristol Oaks Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vargas Ana M $328,600
Closed Vargas Ana M $331,500
Previous Owner Zavala William $286,200
Previous Owner Essel John K $135,080
Previous Owner Bristol Oaks Lp $189,607
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2018 04/23/18 Sold $350,000 +105.9% $226 / Sq Ft
11/07/2017 11/07/17 Sold $170,000 -9.6% $110 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $188,000 -- $121 / 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
2024 $11,870 $165,500 $51,800 $113,700
2023 $11,870 $165,500 $51,800 $113,700
2022 $11,621 $165,500 $51,800 $113,700
2021 $11,504 $165,500 $51,800 $113,700
2020 $11,461 $165,500 $51,800 $113,700
2019 $9,900 $144,800 $51,800 $93,000
2018 $9,691 $144,800 $51,800 $93,000
2017 $9,453 $144,800 $51,800 $93,000
2016 $9,251 $144,800 $51,800 $93,000
2015 $9,147 $144,800 $51,800 $93,000
2014 $8,983 $144,800 $51,800 $93,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21804624

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 13-00210-0000-00001