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Old Bridge 08857
12 Mimi Road
$310,000
● House - Off Market

12 Mimi Road

Old Bridge, NJ 08857
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,104 Ft²
$520,591
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Come see this beautiful fully renovated, home! New SS app, cabinets, granite countertop, new baths, carpets, windows, furnace, landscaping, & refinished hardwood flooring. New driveway, patio, lighting fixtures, freshly painted & partial finished bsmt. Conveniently located to major routes and a walking distance to NY Bus.
Unit Size
1,104 Ft²
Days on Market
-
Land Size
-
Price per sqft
$280
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1955

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MOMLS #21635930)

Price History

Date / Event Date Event Price
Nov 3, 2016 Sold
Premium
Sold
Sep 14, 2016 Listed by Keller Williams Realty West Monmouth $309,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,450
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IDEAL COMMUNITY HOMES SEC 1
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007704

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 1811
  • Account Number: 13716000
  • District: 15
  • Parcel: 15 18013-0000-00007
  • Block: 18013
  • Lot: 7
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3919
  • Longitude: -74.3579

    Address

  • Full Address: 12 Mimi Rd
  • Address - House Number: 12
  • Address - Street Name: Mimi
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C003
  • 4-Digit Zip Code: 1516
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $599,167

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 474,480
  • High Value: 557,937
  • Low Value: 391,022

    Market Valuation

  • Market Total Value: $113,200
  • Market Land Value: $46,600
  • Market Improvement Value: $66,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,200
  • Assessed Land Value: $46,600
  • Assessed Improvements Value: $66,600

    Sales

  • Current Sale Contract Date: Oct 28, 2016
  • Current Sale Recording Date: Dec 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201612090375
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Old Bridge

Stats & Trends

Median Asking:

$642,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1681 ft²

Average Home Age

59.7 years

Currently For Sale

48 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5 Nicholas Drive, Old Bridge, NJ, 08857

$3,900 /mo

  • 3 Beds
  • 2 Baths
5 Nicholas Drive, Old Bridge, NJ, 08857 Listing by BRUCE ONCE

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Frank Coppola, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21635930
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 12 Mimi Road built and last sold?
The property at 12 Mimi Road was built in 1955 and last sold on Oct 28, 2016 for $310,000.
How much is this home worth?
The estimated value of the home located at 12 Mimi Road is $0.
What are some comparable homes to 12 Mimi Road?
There are currently no comparable homes to 12 Mimi Road.
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