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Sold for $765,000
  • $765,000

    42 Rea Ave, Midland Park, NJ 07432

    4beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $888,600 Zestimate®
    $--/sqft
    $3,086 Estimated rent

    Home value

    $888,600

    $844,000 - $942,000

    $3,086/mo

    Zestimate® history
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    What's special

    Welcome to 42 Rea Avenue! This versatile 2-family home offers the perfect opportunity to live comfortably in one unit while generating rental income from the other. Or for investors, this income-generating property boasts two spacious units with the potential for strong rental returns. The first floor unit offers two bedrooms, a bright and airy living room, dining room, and a delightful sunroom. The second floor features two bedrooms, bathroom, living room, and eat-in kitchen. Both units come complete with their own laundry facilities, ensuring convenience for all residents. There is a full unfinished basement as well as additional storage in the back of the property ensuring storage space for everything. The large backyard invites you to enjoy the outdoors and gives plenty of space for outdoor activities or relaxation. This well-maintained property presents a fantastic opportunity for comfortable living and potential rental income.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rod Lopez 201-739-0613,

    Compass New Jersey, LLC-Ridgewood

    Bought with:

    Christine Gubb

    Keller Williams Village Square Realty

    Source: NJMLS,MLS#: 24015007MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Appliances
    • Laundry: In Basement, In Unit

    Property

    Parking
    • Total spaces: 9
    Details
    • Parcel number: 350000500000000401

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat

    Community & HOA

    Location
    • Region: Midland Park

    Financial & listing details

    • Tax assessed value: $381,600
    • Annual tax amount: $12,409
    • Date on market: 5/15/2024
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    7/18/2024Sold$765,000+5.5%
    Source: NJMLS #24015007 Report a problem
    5/24/2024Pending sale$725,000
    Source: NJMLS #24015007 Report a problem
    5/15/2024Listed for sale$725,000+312.7%
    Source: NJMLS #24015007 Report a problem
    3/8/2021Listing removed--
    Source: Owner Report a problem
    10/29/2018Sold$175,682-61.2%
    Source: Public Record Report a problem
    1/4/2017Sold$453,000+74.2%
    Source: Public Record Report a problem
    11/17/2015Sold$260,000-10.3%
    Source: Public Record Report a problem
    5/28/2015Listed for sale$290,000
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,280 $381,600
    2024$13,280 +2.9%$381,600
    2023$12,902 +4%$381,600
    2022$12,410 +1.8%$381,600
    2021$12,196 +5.1%$381,600
    2020$11,608 +36.5%$381,600
    2019$8,501 $381,600
    2018$8,501 -22.2%$381,600
    2017$10,933 +7.4%$381,600 +5.4%
    2016$10,181 +4.5%$362,200
    2015$9,747 -1%$362,200
    2014$9,848 +6.1%$362,200
    2013$9,286 $362,200
    2012$9,286 +2.6%$362,200 +22.3%
    2011$9,052 +3.3%$296,100
    2010$8,762 +3.6%$296,100
    2009$8,454 $296,100
    2007-- $296,100
    2006-- $296,100
    2005-- $296,100
    2004-- $296,100
    2003-- $296,100
    2002-- $296,100 +54.9%
    2001-- $191,100
    Find assessor info on the county website

    Neighborhood: 07432

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $888,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $888,600