Fantastic investment opportunity in the heart of downtown New Brunswick! This rare three family home is blocks away from George Street and has the potential to be a FOUR unit property. Currently it boasts a 1st floor unit consisting of 2 bedrooms and 1 full bath, a second floor unit consisting of 2 bedrooms and 1 full bathroom and a third floor unit consisting of 1 bedroom and 1 full bathroom as well as a walkout basement currently zoned as Downtonwn Commercial/Office but could potentially be your fourth unit. Tons of off-street parking available in the back. This one has it all! Buyer to do due dilligence.
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 3
Listing Office:
Office Name: RE/MAX FIRST REALTY, INC.
Interior Features
Interior Information:
Appliances: Water Heater
Interior: Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath), Unit 4()
Exterior Features
Parking Information:
Parking: 3-4 Car Parking
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Cooling: None
School Info
Assigned Schools Information:
New Brunswick High School, Public District Grades 9-12
New Brunswick Middle School, Public District Grades 6-8
Lincoln Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $650,000
Tax Information:
Annual Amount: $4,733
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New Brunswick, NJ.
This property is $265K more than the Median Sold Price in New Brunswick, NJ.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CJMLS API
MLS Number: #2411359R
Listing Office:
Office Name: RE/MAX FIRST REALTY, INC.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/2/2024, 12:55:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$4,733
$256,300
2019
$6,069
$256,300
2018
$6,069
$256,300
2017
$5,828
$256,300
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,312
Per Month
Principal & Interest
$3,245
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,015
Powered By
Advertisement
NMLS#3030
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
1
/10
Lincoln Elementary School
66 Bartlett St
Distance between this listing and this school0.50 miles
Public District Grades PK-5
Middle School
2
/10
New Brunswick Middle School
1125 Livingston Ave
Distance between this listing and this school1.81 miles
Public District Grades 6-8
High School
1
/10
New Brunswick High School
1000 Somerset St
Distance between this listing and this school1.99 miles
Public District Grades 9-12
Assigned Schools
1
/10
Lincoln Elementary School
66 Bartlett St
Distance between this listing and this school0.50 miles
Public District Grades PK-5
Nearby Schools
1
/10
Roosevelt Elementary School
83 Livingston Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-5
3
/10
Lord Stlrling Elementary School
101 Redmond St
Distance between this listing and this school0.60 miles
Public District Grades PK-5
Assigned Schools
2
/10
New Brunswick Middle School
1125 Livingston Ave
Distance between this listing and this school1.81 miles
Public District Grades 6-8
Nearby Schools
2
/10
Highland Park Middle School
330 Wayne St
Distance between this listing and this school1.14 miles
Public District Grades 6-8
4
/10
Greater Brunswick Charter School
429 Joyce Kilmer Ave
Distance between this listing and this school1.32 miles
Public Charter Grades KG-8
Assigned Schools
1
/10
New Brunswick High School
1000 Somerset St
Distance between this listing and this school1.99 miles
Public District Grades 9-12
Nearby Schools
5
/10
Highland Park High School
102 N 5th Ave
Distance between this listing and this school1.35 miles
Public District Grades 9-12
4
/10
Middlesex County Vocational School Piscataway
21 Suttons Ln
Distance between this listing and this school2.34 miles
The neighbors living near this home have an average income of $91,639. Most New Brunswick, NJ residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 108 Paterson St in New Brunswick, NJ and zip code 08901. This home, which was built in 1900, sits on a 0.08 acre lot. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $650,000.
New Brunswick, NJ housing market in May 2024 saw over 6 listings sold above listed price, more than 2 sold at listed price and over 3 sold below. The number of homes for sale in New Brunswick, NJ increased by 2.8% between April 2024 and May 2024. In May 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $385,000.
From Rocket Homes Real Estate and based on county public records data.