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5 Monroe Ave

Vernon, NJ 07462

3 bd 2 ba 1,410 sqft Built 1966 Lot 13,068 sqft single_family
Most recent sale
$325,000
Jun 17, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 17, 2022 Sold $325,000 MLS #3779685
May 4, 2022 Listed $309,900 MLS #3779685
Jun 15, 2018 Sold $200,000 Public Record
Dec 8, 2017 Listing removed $199,900 GardenState
Nov 13, 2017 Price changed $199,900 MLS #3420260
Oct 30, 2017 Price changed $209,900 MLS #3420260
Oct 14, 2017 Price changed $214,900 MLS #3420260
Sep 25, 2017 Listed $219,900 MLS #3420260
Jun 8, 2017 Sold $70,000 Public Record
Feb 25, 2017 Listing removed $79,900 GardenState
Feb 16, 2017 Price changed $79,900 MLS #3284121
Jan 12, 2017 Price changed $89,900 MLS #3284121
Dec 23, 2016 Price changed $93,900 MLS #3284121
Jul 25, 2016 Relisted $94,900 MLS #3284121
Apr 12, 2016 Listing removed $94,900 GardenState
Feb 18, 2016 Listing removed $108,490 GardenState
Oct 9, 2015 Price changed $108,490 MLS #3239774
Jul 17, 2015 Listed $119,900 MLS #3239774
Feb 24, 2014 Listed $94,900 MLS #3284121

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $112,200 $208,000 $320,200 $7,508
2024 $112,200 $208,000 $320,200 $7,178
2023 $94,300 $163,000 $257,300 $6,671
2022 $106,000 $133,000 $239,000 $6,737
2021 $95,500 $108,000 $203,500 $6,396
2020 $95,900 $103,000 $198,900 $6,226
2019 $81,800 $137,600 $219,400 $6,183
2018 $81,800 $137,600 $219,400 $5,908
2017 $81,800 $137,600 $219,400 $5,750
2016 $81,800 $137,600 $219,400 $5,741
2015 $81,800 $137,600 $219,400 $5,721
2014 $81,800 $137,600 $219,400 $5,774
2013 $81,800 $137,600 $219,400 $5,768
2012 $81,800 $137,600 $219,400 $5,809
2011 $81,800 $137,600 $219,400 $5,735
2009 $81,800 $137,600 $219,400 $5,280
2008 $56,900 $51,500 $108,400 $4,583
2007 $56,900 $51,500 $108,400 $4,466

Property facts

Year built
1966
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,410 sqft
Lot size
13,068 sqft
ZIP code
07462
City
Vernon
Street
Monroe Ave
Coordinates
41.19441, -74.53742

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,115
Gross rental yield
7.81%
Implied cap rate
5.08%
Trend-extrapolated value

Frequently asked questions

When did 5 Monroe Ave last sell?
5 Monroe Ave most recently sold on Jun 17, 2022 for $325,000.
What is the current tax assessment for 5 Monroe Ave?
The most recent total assessment for 5 Monroe Ave (year 2025) is $320,200 with $7,508 in property tax.
How does 5 Monroe Ave's assessment compare to its last sale price?
The current assessment is 1.5% below the last sale price of $325,000.
When was 5 Monroe Ave built?
5 Monroe Ave was built in 1966.
How does 5 Monroe Ave compare to others on Monroe Ave?
We track 6 other properties on Monroe Ave. Browse the list under "Other properties on Monroe Ave" to compare beds, baths, and sale history.
What are the property facts for 5 Monroe Ave?
5 Monroe Ave is a 3 bed, 2 bath, 1,410 sqft, 13,068 sqft lot single_family.
Is 5 Monroe Ave a flip candidate?
No — 5 Monroe Ave does not appear in our flips dataset.
Is 5 Monroe Ave a tax-appeal candidate?
No — 5 Monroe Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$277.3K
2026 Q4
$279.7K
ZIP 07462 — Median Price History + Forecast

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