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SOLD 260205

7 RIGA CT

Scotch Plains, NJ

$586,000

21,520

Sq. Ft.

$27

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$586,000

Total Assessed

$90,700

Sale vs. Assessed

+$495,300 (+546.1%)

Land Value

$25,000

Building Value

$65,700

Scotch Plains Market Overview

$830,000

Median Price

213

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$4,102

Est. Monthly Rent

$4,442

Est. Mortgage

7.4% · 20% down

-$340

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.

🏘 Scotch Plains Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

Fanwood Station

Train Station

Raritan Valley

Neighborhoods in Scotch Plains

South Scotch Plains / Fanwood Border $650,000 to $1,000,000

Best for: Commuters, young families

Northside / Watchung Border $850,000 to $1,500,000

Best for: Space seekers, nature lovers

Park Avenue Corridor $500,000 to $750,000

Best for: Walkability seekers, value buyers

Golf Course Area $700,000 to $1,200,000

Best for: Golf enthusiasts, established families

Scotch Plains is the spacious alternative to neighboring Westfield — larger lots, more land, and the same top-ranked Scotch Plains-Fanwood school district at a $725K median that's nearly half of Westfield's $1.4M. The township shares the Fanwood NJ Transit station for commuter access and offers a qu...

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