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74 Chatham Ter
Score
62
Clifton, NJ

74 Chatham Ter

575K
3 bd • 2 ba • sf

This analysis was generated on 3/16/2025. 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

$575,000

Price/Sq.Ft

$575,000

Year Built

AI Property Analysis

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

The Good

• Hardwood Flooring: Adds warmth and character to the living spaces • Finished Basement: Provides additional living space • Brick Patio: Offers an outdoor entertaining area • Hardwood Floors • Finished Basement • Brick Patio • Price Position: Price per square foot unavailable due to missing square footage data; crucial for accurate valuation. • Appreciation Trend: Insufficient data to assess historical appreciation rates; requires local market data for Montclair Heights and Clifton. • Rental Income: $2,275/month with 99% occupancy (0.0% cap rate) • The living areas have good natural light, especially from the bay window. The basement has limited natural light. • The layout is functional, with an open living and dining area. The kitchen is somewhat isolated. The basement provides additional living space but may not be ideal for all buyers.
Hardwood Flooring

Hardwood Flooring

Adds warmth and character to the living spaces.

Brick Patio

Brick Patio

Offers an outdoor entertaining area.

The Bad

• Kitchen Renovation (HIGH priority): $25,000 • Basement Wall Treatment (MEDIUM priority): $5,000 • Bathroom Update (MEDIUM priority): $3,000 • Lack of specific square footage data hinders accurate price per square foot comparison and valuation. • Moderate air quality risk (4/10) and major heat/wind risks (6/10) may impact long-term property value and insurance costs. • Low school ratings (2-5/10) may deter families with children, potentially limiting buyer pool. • School Quality Issue: Lower school ratings (School #16: 5/10, Woodrow Wilson Middle School: 4/10, Clifton High School: 2/10) may negatively impact property values by an estimated 3-7% compared to homes in areas with higher-rated schools. • The living areas have good natural light, especially from the bay window. The basement has limited natural light.

The Ugly

No critical issues identified
Outdated Kitchen

Outdated Kitchen

The kitchen is outdated with older appliances, cabinets, and flooring.

Unusual Basement Walls

Unusual Basement Walls

The basement has an unusual wall treatment that may not appeal to all buyers.

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

Rental Property Investors: Potential annual revenue of $27,300 with 99% occupancy rate Value Investors: Projected 12.2% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $33,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$103,292

Property History

Price History
Ownership Timeline

Property Taxes

$0
2024 Tax Assessment
Assessed Value$222,000
Tax Rate0.00%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

4.0/10
Average

High

2.0/10
Below Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,321

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Location & Comparables

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