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SOLD 251024

145 COLCHESTER RD

New Providence, NJ

$1,460,000

2,865

Sq. Ft.

$510

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$1,460,000

Total Assessed

$496,000

Sale vs. Assessed

+$964,000 (+194.4%)

Land Value

$231,000

Building Value

$265,000

New Providence Market Overview

$999,000

Median Price

123

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$10,220

Est. Monthly Rent

$11,068

Est. Mortgage

7.4% · 20% down

-$848

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 New Providence Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

New Providence Station

Train Station

Gladstone Branch

Neighborhoods in New Providence

Murray Hill Area $700,000 to $1,100,000

Best for: Corporate professionals, families

Downtown / Station Area $600,000 to $850,000

Best for: Commuters

South Street Area $550,000 to $750,000

Best for: Value seekers, first-time buyers

New Providence is one of Union County's best-kept secrets — a 3.6 square mile borough with top-rated schools, its own NJ Transit station on the Gladstone Branch, and a quiet small-town character that larger neighbors can't replicate. The Murray Hill corporate corridor (Bell Labs legacy) provides loc...

Explore New Providence →