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SOLD 251202

5 PENN RD

Cranford, NJ

$722,000

Sq. Ft.

$10,314

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$722,000

Total Assessed

$241,500

Sale vs. Assessed

+$480,500 (+199.0%)

Land Value

$98,100

Building Value

$143,400

Cranford Market Overview

$755,000

Median Price

216

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$5,054

Est. Monthly Rent

$5,473

Est. Mortgage

7.4% · 20% down

-$419

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.

🏘 Cranford Neighborhood Guide

Walk Score

Very Walkable

Min to NYC

With transfer

Cranford Station

Train Station

Raritan Valley

Neighborhoods in Cranford

North Cranford $800,000 to $1,200,000

Best for: Commuters, families

Downtown Core $400,000 to $750,000

Best for: Young professionals, first-time buyers

South Side / Lincoln Park $600,000 to $900,000

Best for: Families, value seekers

Sunny Acres $700,000 to $1,000,000

Best for: Families wanting space

Cranford is known as the Venice of New Jersey for the Rahway River that winds through its charming downtown. Over the past decade it has emerged as one of the hottest markets in Union County, driven by young professionals and families who want walkable downtown dining and shopping, NJ Transit access...

Explore Cranford →