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40 Wareham Court, Scotch Plains, NJ, 07076

2beds
3baths
2,016sqft
$640,000
$317price/sqft
$4,671/moest. monthly cost
$186,840/yrincome needed

About This Home

Welcome to this beautifully updated townhouse in the highly desirable gated community of Southwyck! This spacious home features 2 bedrooms, 2.5 bathrooms, and a large loft with skylights off the primary suite perfect for a home office, reading area, or guest space. The thoughtfully designed layout offers two main living levels plus the versatile third-floor loft.Extensively renovated in 2024, the home showcases new hardwood flooring throughout the first floor, new tile flooring in the kitchen and family room, updated and expanded kitchen, new LG refrigerator, new LG washer and dryer, recessed lighting throughout, stylish new light fixtures, new interior doors, new moldings and crown moldings, a new fire-rated garage door, and a new garage door opener with Bluetooth connectivity and a built -in camera. The entire interior has also been freshly painted, making this home truly move-in ready.Residents of Southwyck enjoy outstanding amenities including a clubhouse, community pool, tennis courts, and the security of a gated entrance. Conveniently located near shopping, restaurants, major highways, and public transportation, this home offers the perfect combination of comfort, style, and convenience.

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1985

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

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

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,016
  • Total interior livable area: 2,016 sqft

Property

Details

  • Parcel number: 16137010000000030000C0040
  • Attached to another structure: Yes
  • Exclusions: Personal property.

Features

  • Stories: 3
  • Pool features: Community

Lot

  • Lot size: 6,969 sqft

Parking

  • Total spaces: 1
  • Parking features: Open,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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 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 $3,236$38,832
Home Insurance *$131$1,572
Property Taxes $1,082$12,984
Electricity $222$2,666
Total$4,671$56,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$160,148/yr
40% on housing$140,130/yr
45% on housing$124,560/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

$317This listing

vs Other Active Listings

Avg $/sqft

ZIP 07076$543
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
2026-08-06Price change$630,000
2026-07-21Price change$640,000
2026-07-09Listed for sale$665,000
2019-03-11Sold$337,500
2018-11-14Listed for sale$349,000

For Sale by Agent

AgentAnatolii Vivsianyi
BrokerageKeller Williams Realty West Monmouth

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