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741 Bloomfield Ave #1, Verona, NJ, 07044

--beds
1baths
700sqft
$275,000
$393price/sqft
$2,127/moest. monthly cost
$85,080/yrincome needed

About This Home

Rare opportunity to secure an amazing location on Bloomfield Avenue! Located on the ground floor, offering easy access and great visibility from the street. This office suite is perfect for medical professionals and currently offers two examination rooms, a storage room, bathroom and waiting area. The space is flexible and could easily convert to the needs of other professionals such as chiropractors, accountants, insurance brokers, attorneys, or psychologists looking for a prime location for clientele from the surrounding areas of Montclair, Cedar Grove, and West Orange.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

8/10
Verona High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1955

Materials

  • Roof: See Remarks
  • Construction materials: See Remarks,Brick/Block

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bathrooms: 1

Features

  • Door features: Max Door Height: 7

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 700
  • Total interior livable area: 700 sqft

Property

Details

  • Parcel number: 1620016090000000010000C0001
  • Attached to another structure: Yes
  • Zoning description: Commercial
  • Other equipment: See Remarks

Features

  • Stories: 3

Lot

  • Lot size: 4.76 Acres
  • Features: See Remarks
  • Lot size dimensions: CE 4.7620

Parking

  • Parking features: See Remarks

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,390$16,680
Home Insurance *$63$756
Property Taxes $481$5,772
Electricity $193$2,318
Total$2,127$25,524
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,925/yr
40% on housing$63,810/yr
45% on housing$56,720/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$393This listing

vs Other Active Listings

Avg $/sqft

ZIP 07044$404
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07044$510
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-22Price change$275,000
2025-12-04Listed for sale$309,000
1999-02-24Sold$65,000

For Sale by Agent

AgentJill K. Biggs
BrokerageColdwell Banker Realty

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