42 Rea Ave

Midland Park, NJ 07432

$765,000
Last Sold Price
4
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Rod M. Lopez

    Rod M. Lopez

    Listing Agent

    Compass

    rod.lopez@compass.com

    P: (201)-739-0613

Property Details for 42 Rea Avenue

Style
2 Family
LISTING UPDATED: 03/13/2025 09:09 PM

Property Details for 42 Rea Avenue

StatusSold - Sold
MLS #24015007
Days on Market58
Taxes$12,409 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Family
Year Built-
Lot Size-
CountyBergen County

Location

Sold By Keller Williams Village Square Realty, Christine Gubb

Add your commute

Payment Calculator

$5,042 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,008

Property Taxes

$1,034

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 42 Rea Avenue

Summary
Location and General Information
  • Area name: Midland Park
  • Flood plain: None
  • Street Name: Rea
  • County Name: BERGEN
  • Status: Closed
  • Street Number Numeric: 42
  • Zip Code: 07432
Taxes and HOA Information
  • Other Charges: True
  • Tax: $12,409
Property
Lot Information
  • Year Built: 1900-1939, Build Prior to 1978
Property and Assessments
  • Photo Number: 34
Interior and Exterior Features
Interior Features
  • Bedrooms: 4
  • Baths full: 2
  • Baths partial: 0
  • Basement Description: Full, unfinished
  • Number of rooms: 10
  • Full Baths Total: 2
  • Num of Baths: 2.0
Agent
Sale and Listing Information
  • Management Phone: (201) 739-0613
  • Search Class: 2to4, 2-4 Family
  • List Price: $725,000.00
  • Listing Date: 05-15-2024
  • Pending Date: 05-24-2024
  • Close Date: 07-18-2024
  • Status Date: 07-17-2024
  • Sale Price: $765,000
Showing Information
  • Internet Remarks: 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.

Property History for 42 Rea Avenue

DateEvent & SourcePriceAppreciation
Jul 17, 2024

Sold

NJMLS #24015007

$765,000
Jul 12, 2024

Sold (Public Record)

Public Record #1539381444

$765,000

+7.2% / yr

May 14, 2024

Listed (Active)

NJMLS #24015007

$725,000
Dec 15, 2016

Sold (Public Record)

Public Record #587456403

$453,000

+59.0% / yr

Oct 5, 2015

Sold (Public Record)

Public Record #559848045

$260,000
DateEvent & SourcePrice
07/17/2024

Sold

NJMLS #24015007

$765,000
07/12/2024

Sold (Public Record)

Public Record #1539381444

$765,000

+7.2% / yr

05/14/2024

Listed (Active)

NJMLS #24015007

$725,000
12/15/2016

Sold (Public Record)

Public Record #587456403

$453,000

+59.0% / yr

10/05/2015

Sold (Public Record)

Public Record #559848045

$260,000

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

Public Records for 42 Rea Avenue

Taxable ValueLand$155,000Additions$226,600Total$381,600
Tax Record2022$12,410 ($1,034 / month)
Home Facts
Beds0Total Finished SqFt1,786 SqFtAbove Grade Finished SqFt1,786 SqFtStories2Lot Size7,501 SqFtStyleSingle Family ResidenceYear Built1921CountyBERGENAPN35 00005-0000-00004- 01

Schools near 42 Rea Avenue

This home is within Midland Park Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Private - PK to 3
Rating
School
Distance
Godwin Elementary School
PublicPK to 2

Highland Avenue Elementary School
Public3 to 6

Midland Park High School
Public7 to 12

Eastern Christian Elementary School
PrivatePK to 3

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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