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40 1St St, Fanwood, NJ, 07023

3beds
1baths
--sqft
$875,000
--price/sqft
$6,262/moest. monthly cost
$250,480/yrincome needed

About This Home

Welcome to this charming and beautifully maintained home offering the perfect blend of classic character and modern updates. Featuring 3 bedrooms all located on the second floor, a fully finished attic for extra living and an updated kitchen with sleek stainless steel appliances, this home is move-in ready!. Enjoy energy efficiency and savings with the installed solar panels. Step outside to a spacious backyard and inviting patio, ideal for outdoor gatherings, gardening, or relaxing in your own private oasis. Located in a desirable neighborhood with convenient access to schools, parks, shopping, and transportation, this home is a must-see!

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

6/10
Terrill Middle SchoolGrades 5-81.0 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven-Gas,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Formal Dining Room

Features

  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fan(s)

Kitchen

  • Features: Separate Dining Area

Property

Details

  • Parcel number: 2905000910000000350000

Lot

  • Lot size dimensions: 50 x 145 x 50 x 154

Parking

  • Total spaces: 3
  • Parking features: 1 Car Width
  • Uncovered spaces: 3

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 FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
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 $4,424$53,088
Home Insurance *$165$1,980
Property Taxes $1,480$17,760
Electricity $193$2,318
Total$6,262$75,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$214,697/yr
40% on housing$187,860/yr
45% on housing$166,986/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07023$482
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)

No zestimate history available

Price History

DateEventPrice
2025-07-07Listed for sale$850,000

For Sale by Agent

AgentPeter Boutros, Exp Realty, Llc, Victoria Riporti
BrokerageExp Realty, Llc

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