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3 Laurel Ave, Maplewood, NJ, 07040

4beds
2baths
0sqft
$619,900
--price/sqft
$4,700/moest. monthly cost
$188,000/yrincome needed

About This Home

The home includes a spacious backyard with a brand-new fenced-in section, perfect for outdoor enjoyment, entertaining, or relaxation. A garage is also present on the property, currently utilized for storage (not accessible by car). Recent improvements include a completely redone roof with new plywood and newer water heaters. The property is equipped with a solar panel system, which will be paid off in full by the seller at closing. Refrigerators, washers, and dryers are included in the sale. The second-floor unit features a bonus room that can be used as an office and a washer/dryer combo, while laundry for the first-floor unit is located in the basement. The plumbing stack and interior sewer line have been replaced. With potential to add value, this property is ideal for buyers looking to customize or invest. Whether you're planning to live in one unit while generating rental income or expanding your portfolio, this is a great opportunity in a sought-after location close to shopping, dining, and transportation.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

9/10
Tuscan Elementary SchoolGrades K-50.4 mi
6/10
Maplewood Middle SchoolGrades 6-80.7 mi
6/10

Construction

Condition

  • Year built: 1921

Materials

  • Roof: Flat
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Range/Oven - Gas,Refrigerator,Washer,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Eat-In Kitchen,See Remarks
  • Flooring: Tile,Vinyl-Linoleum Floors,Wood

Heating

  • Heating features: 2 Units,Baseboard - Hotwater,Natural Gas,Solar-Leased

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1611000290004005390000
  • Exclusions: Personal Property.

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Open Porch(es)
  • Exterior features: Sidewalk
  • Fencing: Metal Fence

Lot

  • Lot size: 3,920 sqft
  • Features: Corner Lot
  • Lot size dimensions: 25 x 155

Parking

  • Total spaces: 1
  • Parking features: On Street,Detached Garage,See Remarks
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Heat Wave

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 $3,134$37,608
Home Insurance *$171$2,052
Property Taxes $1,202$14,424
Electricity $193$2,318
Total$4,700$56,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$161,142/yr
40% on housing$141,000/yr
45% on housing$125,333/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: 7.4%
7.4%
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 07040$484
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07040$477
Essex County$391

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

DateEventPrice
2026-05-04Price change$689,900
2026-04-20Listed for sale$699,900
2021-03-24Sold$385,000
2020-09-08Pending sale$399,000
2020-08-12Price change$399,000
2020-07-06Listed for sale$425,000
2019-08-30Sold$290,000
2019-04-04Sold$165,000

For Sale by Agent

AgentFelix Rosario
BrokerageRe/Max Professionals I

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