2 months on rocket

Sale Pending

260 Park St, Montclair Twp, NJ, 07043

$1,199,900

Home List Price

$10,000*

Closing Credit

9 Bedrooms
3 Full Baths
Multi

Location

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260 Park St, Montclair Township$1,199,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingBlacktop, Off-Street Parking, Detached Garage, See Remarks
Garage2 spaces
Year Built1894
HeatingMulti Unit(s), Electric, Natural Gas
CoolingMulti Unit(s)
BasementYes
MLS #3910375
Lot Size0.27 Acres
StatusSale Pending
(Under Contract)

About 260 Park St

One of just a couple dozen multifamily properties right on Watchung Plaza in Upper Montclair. Two huge units with 4 beds + 1 bath in Unit 1 ($2900/month) and 5 beds + 2 baths in Unit 2 ($3,785/month). Tenants pay for electric and gas, landlords pay for sewer and water. Separate furnaces and water heaters. Shared laundry and storage rooms in the basement. Currently fully occupied with recently renewed leases, PLUS additional income from rented garage & parking spaces. Over 16 parkings spaces on site and a 2 car garage. Development friendly ?Neighborhood Commercial? Zoning allowing 28 units per acre, and Mixed-Use development. Lot is 11,975.79 square ft. Opportunity is abundant with this ?in-town? location! Surrounded by shops, restaurants, and a 45 minute train to Penn Station, NYC. Adjacent property is also for sale by a different owner and broker. POF required for all showings. Showings only during designated windows. Inquire for times.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story, Under/Over
  • Year Built: 1894

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (973) 310-7360

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Basement: Yes
  • Interior: Vinyl-Linoleum Floors, Window Treatments, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Exterior: Patio, Sidewalk, Wood Fence

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Blacktop, Off-Street Parking, Detached Garage, See Remarks

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Multi Unit(s), Electric, Natural Gas
  • Cooling: Multi Unit(s)

School Info

Assigned Schools Information:

  • Montclair High School, Public District Grades 9-12
  • Mt. Hebron Middle School, Public District Grades 6-8
  • Renaissance Middle School At The Rand Building, Public District Grades 6-8
  • Glenfield Middle School, Public District Grades 6-8
  • Watchung Elementary School, Public District Grades KG-5
  • Edgemont Elementary School, Public District Grades KG-5
  • Northeast Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Watchung to Park Street. North on Park Street to Property

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,900
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Housing Market Comparison

See how this home compares to others in Montclair Township, NJ.

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Montclair Township, NJ

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$372

# of Sold Homes

34

260 Park St vs Montclair Township

71 DAYS ON ROCKET

$1,199,900

-$55.8K Less

KEY TAKEAWAY

This property is $55.8K less than the Median Sold Price in Montclair Township, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3910375

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (973) 310-7360

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/7/2024, 8:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$6,056

Per Month

Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1103838
7
/10

  • Watchung Elementary School

  • 14 Garden St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-1103839
8
/10

  • Edgemont Elementary School

  • 20 Edgemont Rd

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-1103840
8
/10

  • Northeast Elementary School

  • 603 Grove St

  • 1.18 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1103841
6
/10

  • Mt. Hebron Middle School

  • 173 Bellevue Ave

  • 0.66 miles

  • Public District Grades 6-8

school-card-donut-1103842
7
/10

  • Renaissance Middle School At The Rand Building

  • 176 N Fullerton Ave

  • 0.77 miles

  • Public District Grades 6-8

school-card-donut-1103843
4
/10

  • Glenfield Middle School

  • 25 Maple Ave

  • 1.76 miles

  • Public District Grades 6-8

High School

school-card-donut-1103844
5
/10

  • Montclair High School

  • 100 Chestnut St

  • 0.67 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $185,616. The majority of Montclair Township, NJ residents have income $200k+ annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Montclair Township›07043›260 Park St

This home is located at 260 Park St in Montclair Twp, NJ and zip code 07043. This home, which was built in 1894, sits on a 0.27 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $1,199,900.

Montclair Township, NJ housing market in August 2024 saw over 30 listings sold above listed price, more than 2 sold at listed price and over 2 sold below. The number of homes for sale in Montclair Township, NJ decreased by 13.1% between July 2024 and August 2024.

From Rocket Homes Real Estate and based on county public records data.

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