503 Valley Street

Maplewood, NJ 07040

$995,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this immaculately maintained legal 3-family home in the heart of Maplewood, NJ, offering the perfect blend of convenience and modern comfort. Ideally situated within walking distance to the train station providing easy access to NYC, this property is a commuter's dream.Each of the three units has been thoughtfully updated, ensuring a contemporary living experience for all residents. Lower level unit has private covered patio while the other 2 units have their own terraces. Whether you're...Welcome to this immaculately maintained legal 3-family home in the heart of Maplewood, NJ, offering the perfect blend of convenience and modern comfort. Ideally situated within walking distance to the train station providing easy access to NYC, this property is a commuter's dream.Each of the three units has been thoughtfully updated, ensuring a contemporary living experience for all residents. Lower level unit has private covered patio while the other 2 units have their own terraces. Whether you're an investor seeking a lucrative opportunity or an owner-occupant looking for a place to call home, this property caters to your needs. One (first floor) unit will be delivered vacant at closing, providing flexibility for the new owner. There is ample parking for all tenants as well as a 3 car detached garage.Don't miss out on this rare chance to own a prime investment property in a coveted location. Schedule a viewing today and discover the endless possibilities this 3-family home has to offer!

Listing Agent

  1. Peter DeCicco

    Peter DeCicco

    Listing Agent

    Compass

    peterdecicco@compass.com

    P: (973)-420-4401

Property Details for 503 Valley Street

Directions
Valley btwn Jefferson & Parker
Days On Market
7
LISTING UPDATED: 10/20/2024 03:42 PM

Property Details for 503 Valley Street

StatusUnder Contract
MLS #3929023
Days on Market7
Taxes$14,615 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1890
Lot Size0.17 AC / 7,405 SF
CountyEssex County
Buyer's Agent Compensation2%

Building Information for 503 Valley Street

Stories-Residences3Year Built1890Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 503 Valley Street

Summary
Location and General Information
  • High School: COLUMBIA
  • Active Days on Market: 9
  • County #: Essex
  • Town Name: Maplewood Twp.
  • Block Identifier: 16.02
  • Listing Type: Exclusive Right to Sell
  • Town #: 1611.0
  • Street # Display: 503.0
  • # Parking Spaces: 6
  • County Or Parish: Essex
  • Street Name: Valley St
  • Zip Code: 07040-1331
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,615
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 906700.0
  • Tax ID For Property: 1611-00016-0002-00089-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive, Parking Lot-Exclusive
  • # Garage Spaces: 3
  • Garage Description: Detached Garage, Oversize Garage, See Remarks
Property
Lot Information
  • Lot Identifier: 89
  • Approximate Lot Size: 50X150
  • Total Acres: 0.17
  • Construction Date/Year Built: 1890
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 513900.0
  • Assessment Land: 392800.0
  • Farm Assessment: No
Utilities
  • Cooling: Window A/C(s)
  • Services: Cable TV Available, Garbage Extra Charge
  • Utilities: Gas In Street
  • Water: Public Water
  • Water Heater: Gas
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Patio
Interior Features
  • Interior Features: Walk-In Closet, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 950.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 1425.0
  • Unit 1 Sq Ft: 999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 3 Rent: 2575.0
  • Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 3750.0
  • Unit 3 Sq Ft: 999.0
Unit 4 Information
  • Unit 4 Appl/Equip: Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $19,282.00
  • Expenses Include: Insurance, Maintenance, Taxes
  • Net Operating Income: $62,918.00
  • Gross Operating Income: $82,200.00
Rental
Rental Information
  • Home Warranty: false

Property History for 503 Valley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 503 Valley Street

Taxable ValueLand$392,800Additions$513,900Total$906,700
Tax Record2023$14,616 ($1,218 / month)
Home Facts
Beds0Total Finished SqFt2,596 SqFtAbove Grade Finished SqFt2,596 SqFtStories2Lot Size7,501 SqFtStyleSingle Family ResidenceYear Built1890ZoningOBCountyESSEXAPN11 00016- 02-00089

Schools near 503 Valley Street

This home is within South Orange-Maplewood School District.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
Delia Bolden Elementary School
Public3 to 5

Maplewood Middle School
Public6 to 8

Columbia Senior High School
Public9 to 12

South Mountain Annex
PublicK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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