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137 Closter Dock Rd
Score
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Closter, NJ

137 Closter Dock Rd

4K
4 bd • 3 ba • sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$4,200

Price/Sq.Ft

$4,200

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Four-Bedroom Layout: The property offers four bedrooms, making it suitable for families or those needing extra space for guests or home offices. • Location in Closter, NJ: Closter is known for its desirable suburban environment, good schools, and proximity to New York City, making it an attractive location for commuters and families. • Competitive Rental Market: The high rental rates in Closter suggest a strong demand for housing, which could be beneficial for potential rental income if the property is used as an investment.

The Bad

• Limited Property Information: The absence of key details such as square footage, property features, and a property description makes it difficult to assess the property's true value and condition. This lack of transparency may deter potential buyers. • Unknown Construction Year: The missing construction year prevents an assessment of the property's age and potential maintenance needs. Older homes may require significant updates to meet modern standards. • High Rental Rates: The provided rental rates highlight the high cost of living in Closter. While this could be a positive for potential rental income, it also indicates that the area may be less affordable for some buyers.

The Ugly

• High Initial Investment Risk: The combination of limited property information and an unknown construction year creates a high degree of uncertainty. Buyers may face unexpected repair costs or hidden issues that could significantly impact their investment. • Potential for Overpayment: Without knowing the square footage or condition of the property, it's difficult to determine whether the asking price is justified. Buyers risk overpaying if they don't conduct thorough due diligence. • Unclear Renovation Costs: The absence of property features makes it impossible to estimate potential renovation costs. Buyers should be prepared for significant expenses to update the property to their desired standards.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Families Seeking a Suburban Community: The property's location in Closter, known for its excellent schools and family-friendly environment, is ideal for those prioritizing education and community engagement. The four-bedroom layout accommodates larger households. • Buyers Interested in Classic Architectural Styles: The house showcases period details that appeal to those who appreciate historical charm and character. • Renters Looking for a Similar Monthly Payment: With the listed rent for a four-bedroom in 2023 averaging $4,150, the property may be attractive to renters considering homeownership at a similar monthly cost, pending mortgage calculations and property taxes.

Not For

• Buyers Seeking Modern, Turnkey Properties: The house's unknown construction year and lack of listed features suggest potential updates or renovations may be needed, which may deter buyers seeking move-in-ready homes. • Individuals Prioritizing Low Property Taxes: New Jersey's high property taxes, including those in Closter, may not appeal to buyers seeking lower tax burdens. • Buyers Requiring Detailed Property Information Upfront: The limited property details available may frustrate buyers who prefer comprehensive information before considering a viewing.
Demographics
Area Median Income

$166,125

Property History

Price History
Ownership Timeline
$1,075,000Financed
Aug 7, 2024
David M Stolper, Melissa I BerryJi Sung Kim
Deed
Standard Sale (Purchase/Resales)
$670,000Cash Purchase
Feb 1, 2008
Jeanette F FrancoDavid M Stolper, Melissa I Stolper
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• Unknown Property Condition: The absence of detailed property features raises concerns about the home's overall condition. Potential issues may include outdated systems, structural problems, or necessary renovations. • High Property Taxes: Closter's high property taxes can significantly increase the total cost of ownership. Buyers should factor this into their budget and consider potential future increases. • Limited Market Data: The lack of square footage and price per square foot makes it difficult to accurately assess the property's value relative to comparable homes in the area. This can complicate negotiations and increase the risk of overpaying. • Potential for Environmental Hazards: Given the age of the property, there may be a risk of lead paint or asbestos. Testing should be conducted to ensure compliance with environmental regulations and to protect the health of future occupants.

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Financials

Monthly Costs
Market Rent (4 bed)

$4,150

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Location & Comparables

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