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SOLD 25 2016

397 Lake Ave

Woodbridge, NJ

$441,000

Residential

Property Type

Tax Assessment Analysis

Sale Price

$441,000

Total Assessed

$82,100

Sale vs. Assessed

+$358,900 (+437.1%)

Land Value

$23,800

Building Value

$58,300

Woodbridge Market Overview

$510,000

Median Price

185

Total Sales

-13.6%

Year over Year

Buyer's

Market Type

📊 Investment Analysis

$3,087

Est. Monthly Rent

$3,343

Est. Mortgage

7.4% · 20% down

-$256

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.

🏘 Woodbridge Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

Multiple stations

Train Station

Northeast Corridor

Neighborhoods in Woodbridge

Colonia $475,000 to $650,000

Best for: Families

Iselin $400,000 to $550,000

Best for: Indian community, commuters

Avenel $375,000 to $500,000

Best for: Commuters, value seekers

Woodbridge Proper $400,000 to $550,000

Best for: Walkability seekers

Fords $375,000 to $475,000

Best for: Value seekers

Woodbridge is NJ's largest township by population — 103,000+ across distinct sections including Avenel, Colonia, Iselin, Fords, Port Reading, and Sewaren. Multiple NEC stations provide NYC commuting. Woodbridge Center mall. At $450K, affordable NEC access in the heart of central NJ.

Explore Woodbridge →