10 Elmwood Rd, Verona, NJ 07044

6 beds2 baths2,957 sqft Edit

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Sold: $380,000
Sold on 10/01/12
Zestimate®: $482,726
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My Notes

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Perfect location. Steps from the bus stop, including #33 to NYC Port Authority. There is a baseball/football field across the street and the house is blocks from all schools. Unlimited potential. The buyer of this underused gem can enjoy approximately 11.5% cap rate, receiving the current monthly rental of $3,900 gross, with room to increase the income. The entire third floor of this building is not currently in use and is not included in the sq. ft.. Add a third unit or expand the upper unit for additional income. Perfect for commuters. In addition this house sits on a mixed zoned lot; therefore conversion to apartments over a commercial unit is always an option.

Facts

  • Lot: 3,484 sqft
  • Multi Family
  • Built in 1900
  • Views: 2,264 all time views
  • Heating: Baseboard
  • Last sold: Oct 2012 for $380,000
  • Last sale price/sqft: $129

Features

  • Attic
  • Ceiling Fan
  • Fireplace
  • Flooring: Carpet, Hardwood, Tile
  • Lawn
  • Parking: Garage - Detached, Off street, 2 spaces
  • Unfinished basement
  • View: Park

Construction

  • Exterior material: Vinyl
  • Roof type: Asphalt
  • Room count: 11
  • Stories: 3
  • Unit count: 2

Other

  • Floor size: 2,957 sqft
  • Heating: Gas
  • Lot depth: 81
  • Lot width: 114
  • Parcel #: 2000032000000013
  • Unit floor #: 3
  • Zillow Home ID: 38735436

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$482,726
+$844 Last 30 days
$444K
$526K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,971/mo
+$85 Last 30 days
$1.3K
$3.4K
Zestimate range

Popularity on Zillow

2,264 all-time views
of this home (chart)

Comparable Homes

Homes like this sold for $353-630K.

$310K
$680K

Mortgages

Neighborhood

Market guide

Zillow predicts 07044 home values will rise 1.2% next year, compared to a 1.7% rise for Verona as a whole. Among 07044 homes, this home is valued 22.4% more than the midpoint (median) home, but is valued 43.6% less per square foot.

Learn more about forecast calculations or 07044 home values.
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    Nearby Schools in Verona

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org