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722 Rahway Ave, Westfield, NJ, 07090

5beds
2baths
--sqft
$770,857
--price/sqft
$5,582/moest. monthly cost
$223,280/yrincome needed

About This Home

Welcome to a rare find, a home that presents an exceptional opportunity. Whether you're dreaming of restoring or creating a new masterpiece, this home is brimming with potential. The large lot is 95 x 150 / .33 Acres. This is the perfect property for contractors, builders, renovators and buyers who will appreciate the great potential to create a dream home for today! Located in one of Union County's most desirable communities, this home is ideally located within minutes to major highways, local schools (K-12) and only 1 mile to town and train.

Getting Around

22
WalkingCar-Dependent
28
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

Construction

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: Carbon Monoxide Detector,Dishwasher,Range/Oven-Gas
  • Laundry features: Laundry Room,Level 1

Basement

  • Features: Storage Room, Utility Room

Basement

  • Has basement: Yes
  • Basement: Yes,Partial,Unfinished

Bedroom1

  • Level: First
  • Area: 294

Bedroom2

  • Level: Second
  • Area: 132

Bedroom3

  • Level: Second
  • Area: 80

Bedroom4

  • Level: Second
  • Area: 266

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Formal Dining Room
  • Level: First
  • Area: 108

Features

  • Bedroom/Office
  • Flooring: Carpet,Laminate,See Remarks,Tile
  • Number of fireplaces: 1
  • Fireplace features: Bedroom 1,Gas,Master Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 1 Unit,Baseboard - Hotwater,Oil Tank Above Ground - Inside
  • Cooling features: Wall Unit(s)

Kitchen

  • Features: Galley Type
  • Level: First
  • Area: 108

Living Room

  • Level: First
  • Area: 234

Property

Details

  • Parcel number: 2920043010000000260000
  • Exclusions: None

Lot

  • Lot size: 0.33 Acres
  • Features: Level
  • Lot size dimensions: 95 x 150

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 2

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

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Inland Flooding
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 $3,897$46,764
Home Insurance *$127$1,524
Property Taxes $1,365$16,380
Electricity $193$2,318
Total$5,582$66,984
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$191,382/yr
40% on housing$167,460/yr
45% on housing$148,853/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 07090$746
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07090$568
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
2026-03-26Listed for sale$770,857
1982-07-30Sold$67,000

For Sale by Agent

AgentCathy Tomlinson
BrokerageColdwell Banker Realty

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