551 Central Ave
Bound Brook, NJ 08805
4 bd 4 ba 2,400 sqft Built 1949 Lot 6,098 sqft single_family
Most recent sale
$200,000
Oct 3, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 9, 2024 | Sold | $630,000 | GardenState |
| May 14, 2024 | Listed | $599,000 | GardenState |
| May 14, 2024 | Listing removed | — | GardenState |
| Apr 2, 2024 | Listed | $649,000 | GardenState |
| Oct 3, 2023 | Sold | $200,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $383,100 | $242,000 | $625,100 | $13,795 |
| 2024 | $383,100 | $242,000 | $625,100 | $11,279 |
| 2023 | $268,700 | $192,000 | $460,700 | $10,863 |
| 2022 | $255,700 | $167,000 | $422,700 | $10,516 |
| 2021 | $199,000 | $142,000 | $341,000 | $9,595 |
| 2020 | $183,300 | $127,000 | $310,300 | $9,578 |
| 2019 | $186,500 | $117,000 | $303,500 | $9,824 |
| 2018 | $189,600 | $107,000 | $296,600 | $9,888 |
| 2017 | $152,900 | $107,000 | $259,900 | $8,865 |
| 2016 | $161,200 | $97,000 | $258,200 | $8,742 |
| 2015 | $137,100 | $107,000 | $244,100 | $8,082 |
| 2014 | $137,100 | $94,000 | $231,100 | $7,922 |
| 2013 | $136,900 | $144,000 | $280,900 | $7,806 |
| 2012 | $136,900 | $144,000 | $280,900 | $7,618 |
| 2011 | $136,900 | $144,000 | $280,900 | $7,452 |
| 2009 | $136,900 | $144,000 | $280,900 | $7,230 |
| 2008 | $109,300 | $66,000 | $175,300 | $8,850 |
| 2007 | $109,300 | $66,000 | $175,300 | $8,870 |
Property facts
Year built
1949
Property type
single_family
Stories
—
Beds
4
Baths
4
Living area
2,400 sqft
Lot size
6,098 sqft
ZIP code
08805
City
Bound Brook
Street
Central Ave
Coordinates
40.57005, -74.53412
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,200
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 551 Central Ave last sell?
551 Central Ave most recently sold on Oct 3, 2023 for $200,000.
What is the current tax assessment for 551 Central Ave?
The most recent total assessment for 551 Central Ave (year 2025) is $625,100 with $13,795 in property tax.
How does 551 Central Ave's assessment compare to its last sale price?
The current assessment is 212.6% above the last sale price of $200,000.
When was 551 Central Ave built?
551 Central Ave was built in 1949.
How does 551 Central Ave compare to others on Central Ave?
We track 8 other properties on Central Ave. Browse the list under "Other properties on Central Ave" to compare beds, baths, and sale history.
What are the property facts for 551 Central Ave?
551 Central Ave is a 4 bed, 4 bath, 2,400 sqft, 6,098 sqft lot single_family.
Is 551 Central Ave a flip candidate?
Yes — 551 Central Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 551 Central Ave a tax-appeal candidate?
Yes — 551 Central Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.6%
Implied 1-yr
+2.2%
2026 Q3
$507.2K
2026 Q4
$509.9K
ZIP 08805 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Central Ave