95 Main Street

Peapack, NJ 07977

$690,000
Last Sold Price
3
Beds
2
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing investment opportunity! This mixed-use home has two residences, two active but quiet businesses, 3 car garage and oversized driveway! Choose to live in one unit and rent the other! Or rent them both for a strong income generating property. Located on Main Street in Peapack, it is just steps to the train station, and is on a beautiful lot with a quiet brook and yard. Unit 1 is a charming one bedroom with deck and basement attached. The private entrance welcomes you into the living room, featuring...Amazing investment opportunity! This mixed-use home has two residences, two active but quiet businesses, 3 car garage and oversized driveway! Choose to live in one unit and rent the other! Or rent them both for a strong income generating property. Located on Main Street in Peapack, it is just steps to the train station, and is on a beautiful lot with a quiet brook and yard. Unit 1 is a charming one bedroom with deck and basement attached. The private entrance welcomes you into the living room, featuring bay windows, pass through window to kitchen, and french doors that lead to your private deck for grilling. Eat-in-kitchen has refrigerator, dishwasher, oven/range, and microwave as well as full size washer/dryer. Unit 2 is a large 2 bedroom duplex apartment with private entrance on the opposite side of the home. First floor of the layout is one flight up and includes the kitchen and two equal sized rooms with tons of windows for natural light and good closet space. Top floor is a massive finished lofted space with additional attic above for storage, which is pictured as a bedroom/ living area. There are 3 total garage parking spaces (1 two car garage and an additional single car garage), as well as additional 5 car parking in the driveway. Rent roll is comfortably $5728/mo, with potential for more, and over 7.5% cap rate. Residences to be delivered vacant, unless buyer prefers them to be rented. Charming location close to restaurants and shops, all within Bernards School Dist!
  1. Listed by GINA TELESCO • KELLER WILLIAMS CITY LIFE REALTY

Property Details for 95 Main Street

Directions
On Main St
Days On Market
24
Add your commute
LISTING UPDATED: 03/23/2023 03:03 AM

Property Details for 95 Main Street

StatusSold
MLS #3759653
Days on Market24
Taxes$8,651 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.47 AC / 20,473 SF
CountySomerset County
Add your commute

Building Information for 95 Main Street

Stories-Residences4Year Built1920Building Size-Lot Size0.47 AC / 20,473 SF

Payment Calculator

$4,487 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,766

Property Taxes

$721

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 95 Main Street

Summary
Location and General Information
  • Middle/Jr High School: BERNARDS
  • Grade School: BERNARDS
  • High School: BERNARDS
  • Active Days on Market: 25
  • County #: Somerset
  • Town Name: Peapack Gladstone Boro
  • Block Identifier: 23
  • Listing Type: Exclusive Right to Sell
  • Color of Building: white
  • Street # Display: 95.0
  • # Parking Spaces: 8
  • County Or Parish: Somerset
  • Street Name: Main St
  • Zip Code: 07977
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • County Tax: *
  • Tax Amount: $8,651
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 473700.0
  • Tax ID For Property: 2715-00023-0000-00014-0000-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year: 2021
  • Lot ID Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, Additional Parking, Blacktop, Off-Street Parking
  • # Garage Spaces: 3
  • Garage Description: Detached Garage, Garage Parking, Oversize Garage
Property
Lot Information
  • Lot Description: Stream On Lot
  • Lot Identifier: 14
  • Approximate Lot Size: 130 x 165
  • Total Acres: 0.47
  • Construction Date/Year Built: 1920
  • Construction Date/Year Built Des: Unknown
Property and Assessments
  • Assessment Bldg: 257400.0
  • Assessment Land: 216300.0
Utilities
  • Cooling: Wall A/C Unit(s), Window A/C(s)
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Heating: Baseboard - Electric, Baseboard - Hotwater, Radiators - Steam
  • Fuel Type: OilAbOut
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Exterior Features: Barbeque, Deck, Wood Fence
Interior Features
  • Interior Features: Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Eat-In Kitchen, Living Room, Porch, Storage
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 700.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dishwasher, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Attic, Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room
  • Unit 2 Rooms: 6.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 1500.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 0
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 12-31-2024
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
  • Unit 3 Rent: 875.0
  • Unit 3 Room Description: Family Room
  • Unit 3 Rooms: 1.0
  • Unit 3 Security Deposit: 875.0
  • Unit 3 Sq Ft: 275.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 0
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Lease Expiration: 09-30-2023
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
  • Unit 4 Rent: 1103.0
  • Unit 4 Room Description: Family Room
  • Unit 4 Rooms: 1.0
  • Unit 4 Security Deposit: 1103.0
  • Unit 4 Sq Ft: 375.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $18,000.00
  • Expenses Include: Heat, Hot & Cold Water, Oil
  • Net Operating Income: $52,530.00
  • Gross Operating Income: $70,530.00

Property History for 95 Main 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 95 Main Street

Taxable ValueLand$262,700Additions$320,700Total$583,400
Tax Record2022$8,775 ($731 / month)
Home Facts
Total Finished SqFt2,294 SqFtAbove Grade Finished SqFt2,294 SqFtStories2Lot Size18,731 SqFtStyleMiscellaneous CommercialYear Built1980ZoningVNCountySOMERSETAPN15 00023-0000-00014

Schools near 95 Main Street

This home is within Somerset Hills Regional School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 6
Rating
School
Distance
Bedwell Elementary School
PublicPK to 4

Bernardsville Middle School
Public5 to 8

Bernards High School
Public9 to 12

Everitt Academy
PrivatePK to 6

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of KELLER WILLIAMS CITY LIFE REALTY, GINA TELESCO

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/10/2024 08:00 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.