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519 Terrill Rd, Fanwood, NJ, 07023

2beds
2baths
2,368sqft
$585,000
$247price/sqft
$4,318/moest. monthly cost
$172,720/yrincome needed

About This Home

Opportunity awaits in one most convenient neighborhood! This 2-bedroom, 2-bath Cape Cod offers great potential and classic charm, featuring a traditional layout and hardwood floors. The full unfinished basement provides ample storage and potential for future finishing or workshop space. The home is ready for cosmetic updates, making it an ideal project for investors, contractors, or buyers looking to customize and add value. The backyard backs directly to Fanwood Nature Center, creating a peaceful, tree-lined setting with plenty of privacy. Located in close proximity from the Fanwood train station with convenient access to NYC, Route 22, major highways, shops, restaurants, parks, and schools. Bring your vision and transform this property into your dream home!

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

6/10
Terrill Middle SchoolGrades 5-80.8 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Architectural style: Fixer Upper, Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range/Oven,Microwave,Refrigerator,Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full, Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Formal Dining Room

Features

  • Kitchen,Living Room,Bath Full,Den,Dining Room,2 Bedrooms,None
  • Flooring: Carpet,Ceramic Tile,Vinyl-Linoleum,Wood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Hot Water
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,368
  • Total interior livable area: 2,368 sqft

Kitchen

  • Features: Eat-in Kitchen

Property

Details

  • Parcel number: 0500078000000026

Features

  • Levels: Two
  • Stories: 1
  • Patio & porch: Porch
  • Exterior features: Open Porch(es)

Lot

  • Lot size: 0.57 Acres
  • Features: Backs to Park Land,Level
  • Lot size dimensions: 190.00 x 0.00

Parking

  • Total spaces: 2
  • Parking features: Dirt,Circular Driveway,Garage,Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Ice Storm
Lightning
Strong Wind

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 $2,958$35,496
Home Insurance *$110$1,320
Property Taxes $989$11,868
Electricity $261$3,132
Total$4,318$51,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,045/yr
40% on housing$129,540/yr
45% on housing$115,146/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: 8.2%
8.2%
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

$247This listing

vs Other Active Listings

Avg $/sqft

ZIP 07023$507
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07023$406
Union County$416

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)

Price History

DateEventPrice
2026-03-16Listed for sale$585,000

For Sale by Agent

AgentMARTA WEGLARZ
BrokerageRE/MAX PREFERRED PROFESSIONALS

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