Closed$2,600
TLC ≈ $442/mo
2 1 —
545 Olive Place, Woodbridge Proper, NJ 07095
197 Iva Street, Rahway, NJ 07065
$600,000
3 beds 3 baths — Built 20250 days on marketActive
About this home
NEW FOR 2026. Now fully completed and move-in ready, this newly constructed home is your opportunity to own modern luxury just moments from the heart of downtown Rahway. Every detail has been thoughtfully selected, from engineered Brazilian Chestnut hardwood flooring and granite countertops to stainless steel appliances, a farmhouse sink, and designer-inspired finishes throughout. The open, functional layout offers three spacious bedrooms, 2.5 bathrooms, multiple living and entertaining spaces, and a gas fireplace that anchors the main living area. An oversized ground-level rec room adds exceptional flexibility, making it ideal for a home office, fitness studio, media room, or whatever your lifestyle demands. A one-car garage and private driveway provide everyday convenience, while NJ Transit is just four minutes away for an effortless commute to NYC. Restaurants, shopping, parks, and local entertainment are all within easy reach. Modern design, quality craftsmanship, and an unbeatable location come together in one exceptional home. Coming Soon! First showing 8/1 @ noon.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$5,188/mo
- Real estate (PITI + HOA + PMI)
- $4,934
- Utilities
- $505
- Transportation
- $148
- Other (entertainment)
- $157
Principal + interest$3,865
Property tax + insurance$844
PMI / 2nd mortgage$225
Heating + cooling$116
Internet + TV + phone$157
Water + sewer + garbage$58
Car insurance + maintenance$148
Budget$5,688/mo
Remaining after TLC$500/mo
Purchase price
$600,000
Down payment
$30,000 (5%)
Loan amount
$570,000
APR
7.19%
Quick facts
Type
Single Family Residence
Style
Custom Home, Two Story
Year built
2025
Lot size
—
Stories
3
Heating
Zoned, Forced Air
Cooling
Central Air, Zoned
Water
Public
HOA
—
Annual tax
$2,273
MLS #
2618480R
County
Union
At a glance
Air conditioning
Fireplace
Garage (1)
Dishwasher
Home features
Appliances
DishwasherGas Range/OvenRefrigeratorRangeKitchen Exhaust FanGas Water Heater
Interior
Other Room(s)StorageUtility RoomKitchenLaundry RoomBath HalfLiving RoomDining RoomFamily Room3 BedroomsBath FullBath Second
Exterior
CurbsDeckPatioSidewalk
Community
CurbsSidewalks
Parking
1 Car WidthAsphaltGarageAttachedBuilt-In GarageDetachedGarage Door Opener
Patio & porch
DeckPatio
Fireplace
Gas
Kitchen
Granite/Corian CountertopsKitchen Exhaust FanKitchen IslandPantryEat-in Kitchen
Dining
Formal Dining Room
Master bedroom
Full BathWalk-In Closet(s)
Flooring
Ceramic Tile, Wood
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, Near Train, Level
Neighborhood — 07065
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 27,577 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 8.00% | 14.00% | 20.00% |
| Population Density | 6,754 | 1,137 | — |
| Male | 13,252 | 4,307,827 | 147,432,321 |
| Female | 14,325 | 4,525,010 | 151,655,844 |
| Never Married | 6,400 | 1,965,811 | 63,775,926 |
| Married | 10,553 | 3,647,435 | 123,120,365 |
| Separated | 1,279 | 391,239 | 12,639,686 |
| Widowed | 1,860 | 515,172 | 15,467,586 |
| Divorced | 1,839 | 529,393 | 23,075,029 |
| Number Of House Hold | 10,401 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.64 | 2.73 | 2.60 |
| Medial Age | 37.12 | 37.15 | 35.46 |
| Median House Hold Income | $57,792 | $63,392 | $48,276 |
| Average House Hold Income | $68,933 | $83,312 | $63,629 |
| P C I | $26,331 | $30,662 | $24,529 |
| M D I | $48,159 | $52,505 | $41,133 |
| A T H E | $54,395 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 75.14% | 81.02% | 77.74% |
(Zip) Code
7065
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
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Listing information last refreshed 8/1/2026. Provided courtesy of KELLER WILLIAMS TOWNE SQUARE via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.