NOT LISTED FOR SALE

89 E Grand Ave Rahway, NJ 07065

Estimated Value: $494,000 - $618,000

-- Bed
-- Bath
-- Sq Ft
6,795 Sq Ft Lot

Last Sold August 22, 2024

Last sale price $435,000

Est. 31% increase in value since last sale

Current estimated payment $3,710/month

6 Days on Market

Highlights

  • Property is near public transit
  • Fenced
  • Carpet
  • Private Yard
  • Level Lot
  • Radiator

About This Home

As of August 2024

Discover the potential of this two-family home located in Rahway. Perfectly suited for an investor or homeowner, this property offers the unique opportunity to live in one unit and rent out the other. While it requires a bit of TLC, its prime location ensures a rewarding investment. The home is being sold in AS-IS condition. Appointments between 10 am - 6 pm. Pursuant to Seller instruction No More Showings

Last Agent to Sell the Property

Tanya Cleary

WEICHERT CO REALTORS Listed on: 06/10/2024

WEICHERT CO REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,556

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 40.00 x 171.00
  • Fenced
  • Level Lot
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Basement Storage

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Radiator
  • Oil Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,556

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 40.00 x 171.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Oil), Water Heater, Unit 1(Dryer,Range/Oven,Refrigerator,Washer), Unit 2(Dryer,Refrigerator,Washer)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
  • Has Basement: Full, Storage Space, Laundry Facilities
  • Flooring: Unit 1 Carpet, Unit 2 Carpet
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Laundry Hookup,1 Bath,Living Room)
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Near Train, Level
  • Exterior Features: Curbs, Sidewalk, Fencing/Wall, Yard
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 3-4 Car Parking

Utilities

  • Gas Company: Oil
  • Cooling: A/C Window Unit(s)
  • Heating: Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Rental Info

  • Lease Term: Unit 2(No Lease)

Tax Info

  • Tax Annual Amount: 8556
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Sep 30, 2024
Sold by
Horowitz Hersch
Bought by
89 E Grand Llc
Seller's Agent
Tanya Cleary
WEICHERT CO REALTORS
List Price
$325,000
Sold Price
$435,000
Premium/Discount to List
$110,000
33.85%
Views
506
Current Estimated Value
$568,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,237
Avg. Annual Appreciation
25.41%
Original Mortgage
$431,250
Outstanding Balance
$426,489
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$141,748

Purchase Details

Listed on
Jun 10, 2024
Closed on
Aug 13, 2024
Sold by
Blazewicz Edwin F and Blazewicz Edwin
Bought by
Horowitz Hersch
Seller's Agent
Tanya Cleary
WEICHERT CO REALTORS
List Price
$325,000
Sold Price
$435,000
Premium/Discount to List
$110,000
33.85%
Views
506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Outstanding Balance
$426,489
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$141,748
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
89 E Grand Llc $575,000 Universal Title
89 E Grand Llc $575,000 Universal Title
Horowitz Hersch $435,000 Universal Title
Horowitz Hersch $435,000 Universal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 89 E Grand Llc $431,250
Closed 89 E Grand Llc $431,250
Previous Owner Horowitz Hersch $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2024 08/22/24 Sold $435,000 +33.8% --
06/10/2024 06/10/24 For Sale $325,000 -- --
Source: All 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
2025 $8,834 $119,300 $41,600 $77,700
2024 $8,556 $119,300 $41,600 $77,700
2023 $8,556 $119,300 $41,600 $77,700
2022 $8,377 $119,300 $41,600 $77,700
2021 $8,293 $119,300 $41,600 $77,700
2020 $8,262 $119,300 $41,600 $77,700
2019 $8,157 $119,300 $41,600 $77,700
2018 $7,985 $119,300 $41,600 $77,700
2017 $7,788 $119,300 $41,600 $77,700
2016 $7,622 $119,300 $41,600 $77,700
2015 $7,286 $119,300 $41,600 $77,700
2014 $7,151 $119,300 $41,600 $77,700
Source: Public Records

Agents Affiliated with this Home

  • Tanya Cleary

    Seller's Agent in 2024

    Tanya Cleary

    WEICHERT CO REALTORS

    (732) 925-6510

    1 in this area

    31 Total Sales

    Tanya Cleary
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Map

Source: All Jersey MLS

MLS Number: 2413100R

All Jersey MLS

APN: 13-00323-0000-00006

New Jersey Union County Rahway 07065

89 E Grand Ave, Rahway, NJ

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