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347 Cedar Grove Ter, Scotch Plains, NJ, 07076

4beds
2baths
1,251sqft
$600,000
$480price/sqft
$4,364/moest. monthly cost
$174,560/yrincome needed

About This Home

Opportunity Awaits in Highly Desirable Scotch Plains! Welcome to this charming 4-bedroom, 2-bath home located on a quiet residential street in one of Scotch Plains’ most sought-after neighborhoods. Built in 1951, this home offers approximately 1,251 square feet of living space, an attached one-car garage, a full basement, and a spacious lot with endless potential. The home has benefited from recent plumbing repairs and is ready for its next chapter. While a few cosmetic updates and repairs remain, it offers a wonderful opportunity for buyers to personalize the home and build equity in a highly desirable location. Conveniently located near top-rated schools, parks, shopping, dining, major highways, and NJ Transit, this property combines location, value, and potential. Whether you’re a homeowner looking to create your dream home or an investor seeking a quality property in a strong market, this is an opportunity you won’t want to miss. Property is being sold strictly AS IS. Buyer is responsible for obtaining any required municipal certificates and inspections.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

7/10
Terrill Middle SchoolGrades 5-81.0 mi

Construction

Condition

  • Year built: 1951

Materials

  • Roof: Shake / Shingle

Type & Style

  • Home type: SingleFamily

Interior

Basement

  • Basement: Basement (not specified)

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Heating

  • Heating features: Baseboard,Oil

Interior Area

  • Total interior livable area: 1,251 sqft

Property

Details

  • Parcel number: 1601001000000031

Features

  • Exterior features: Vinyl,Brick
  • Has view: Yes
  • View description: Mountain

Lot

  • Lot size: 10,850 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached

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 FloodingVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Cold Wave
Heat Wave
Ice Storm
Tornado

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 $3,033$36,396
Home Insurance *$123$1,476
Property Taxes $1,015$12,180
Electricity $193$2,318
Total$4,364$52,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$149,622/yr
40% on housing$130,920/yr
45% on housing$116,373/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

$480This listing

vs Other Active Listings

Avg $/sqft

ZIP 07076$542
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07076$423
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
2026-07-24Listed for sale$600,000
2009-09-10Sold$411,500
1980-01-30Sold$64,000

For Sale by Owner

AgentProperty Owner

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