197 Iva St, Rahway, NJ, 07065
About This Home
NEW FOR 2026. Now fully completed and move-in ready, this newly constructed home is your opportunity to own modern luxury just moments from the heart of downtown Rahway. Every detail has been thoughtfully selected, from engineered Brazilian Chestnut hardwood flooring and granite countertops to stainless steel appliances, a farmhouse sink, and designer-inspired finishes throughout. The open, functional layout offers three spacious bedrooms, 2.5 bathrooms, multiple living and entertaining spaces, and a gas fireplace that anchors the main living area. An oversized ground-level rec room adds exceptional flexibility, making it ideal for a home office, fitness studio, media room, or whatever your lifestyle demands. A one-car garage and private driveway provide everyday convenience, while NJ Transit is just four minutes away for an effortless commute to NYC. Restaurants, shopping, parks, and local entertainment are all within easy reach. Modern design, quality craftsmanship, and an unbeatable location come together in one exceptional home. Coming Soon! First showing 8/1 @ noon.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 2025
Materials
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Architectural style: Custom Home, Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Gas Range/Oven,Refrigerator,Range,Kitchen Exhaust Fan,Gas Water Heater
Basement
- Area: 0
Bathroom
- Features: Tub Shower, Stall Shower
Bedroom2
- Area: 150
Bedroom3
- Area: 90
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Features: Formal Dining Room
- Area: 110
Family Room
- Area: 150
Features
- Other Room(s),Storage,Utility Room,Kitchen,Laundry Room,Bath Half,Living Room,Dining Room,Family Room,3 Bedrooms,Bath Full,Bath Second
- Flooring: Ceramic Tile,Wood
- Number of fireplaces: 1
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Zoned,Forced Air
- Cooling features: Central Air,Zoned
Interior Area
- Total structure area: 0
Kitchen
- Features: Granite/Corian Countertops, Kitchen Exhaust Fan, Kitchen Island, Pantry, Eat-in Kitchen
- Area: 160
Living Room
- Area: 225
Master Bedroom
- Features: Full Bath, Walk-In Closet(s)
- Area: 180
Property
Details
- Parcel number: 2913002840000000190000
Features
- Levels: Two, Three Or More
- Stories: 3
- Patio & porch: Deck,Patio
- Exterior features: Curbs,Deck,Patio,Sidewalk
Lot
- Features: Near Shopping,Near Train,Level
- Lot size dimensions: 0.00 x 0.00
Parking
- Total spaces: 1
- Parking features: 1 Car Width,Asphalt,Garage,Attached,Built-In Garage,Detached,Garage Door Opener
- 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
- Ice Storm
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $152 | $1,824 |
| Property Taxes | $1,015 | $12,180 |
| Electricity | $193 | $2,318 |
| Total | $4,393 | $52,716 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-01 | Listed for sale | $600,000 |
| 2026-03-03 | Listing removed | $623,700 |
| 2026-01-14 | Price change | $623,700 |
| 2025-12-06 | Listed for sale | $650,000 |
For Sale by Agent
View on Zillow