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SOLD 25 2009

87 Myrtle Avenue

Nutley, NJ

$610,000

1,398

Sq. Ft.

$436

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$610,000

Total Assessed

$432,800

Sale vs. Assessed

+$177,200 (+40.9%)

Land Value

$224,900

Building Value

$207,900

Nutley Market Overview

$650,000

Median Price

Total Sales

-27.6%

Year over Year

Buyer's

Market Type

📊 Investment Analysis

$4,270

Est. Monthly Rent

$4,624

Est. Mortgage

7.4% · 20% down

-$354

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 Nutley Neighborhood Guide

Walk Score

Somewhat Walkable

Min to NYC

With transfer

Neighborhoods in Nutley

The Enclosure / Upper Nutley $575,000 to $750,000

Best for: Architecture lovers, premium buyers, art history

Franklin Avenue / Downtown $475,000 to $650,000

Best for: Walkability seekers, Italian food lovers, young families

Kingsland $500,000 to $700,000

Best for: Families, park lovers, historic home seekers

Centre Street $525,000 to $725,000

Best for: School-focused families, central location

Yantacaw / Spring Garden $450,000 to $600,000

Best for: Families, park lovers, value seekers

Avondale $425,000 to $575,000

Best for: First-time buyers, value seekers, industrial heritage

Nutley is 3.44 square miles of fierce community pride — a township where 36% of residents claim Italian ancestry (12th highest nationally), Annie Oakley lived on Grant Avenue in 1892, Martha Stewart grew up and graduated from Nutley High School, and painter Frank Fowler founded an artists' colony on...

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