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Middlesex 07747
12 Porsche Drive
$452,500
● House - Off Market

12 Porsche Drive

Matawan, NJ 07747
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,816 Ft²
$809,263
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Light & Bright Beautiful Center Hall Colonial offers a lovely eat-in kitchen w/ big bay window plenty of cabinets & counter space, double ovens, formal living rm & dining rm w/ hardwood floors, family rm off the kitchen, Master bedroom w/ensuite full bath has a shower stall & soaking tub, 3 additional spacious bedrooms w/hardwood floors. Main full bath w/ double sinks! Attic w/pull down stairs. 5th bedroom on 1st floor. Full basement partially finished & add'l rm office/ gym. 2 car garage w/ attic storage. Laundry rm on 1st floor. This wonderful home is set on a landscaped park-like property w/outdoor lighting, covered deck & in-ground pool! House is perfect for commuters, bus stop into to NYC is at the entrance of the development, & just minutes to Parkway, NJ Transit! Rms sizes are appx.
Unit Size
2,816 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$890
HOA Dues
-
Year Built
1975

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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 #21623407)

Price History

Date / Event Date Event Price
Oct 7, 2016 Sold
Premium
Sold
Jun 13, 2016 Listed by Weichert Realtors-Middletown $479,900
Listed by Weichert Realtors-Middletown

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • 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: 200
  • 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: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,816
  • Building Area: 2,816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHEESEQUAKE WOODS SEC 3
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007910

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 3.16
  • Account Number: 02788000
  • District: 15
  • Parcel: 15 03236- 18-00019
  • Block: 3236.18
  • Lot: 19
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4233
  • Longitude: -74.25

    Address

  • Full Address: 12 Porsche Dr
  • Address - House Number: 12
  • Address - Street Name: Porsche
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C004
  • 4-Digit Zip Code: 3515
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,225,914

    Appraisal Valuation

  • Standard Deviation: 0.1619
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 724,788
  • High Value: 842,202
  • Low Value: 607,375

    Market Valuation

  • Market Total Value: $229,100
  • Market Land Value: $65,000
  • Market Improvement Value: $164,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,100
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $164,100
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 Middlesex

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1352 ft²

Average Home Age

38 years

Currently For Sale

1855 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

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MOMMLS

Listed by: Eva G Acevedo, Weichert Realtors-Middletown
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21623407
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 Porsche Drive built and last sold?
The property at 12 Porsche Drive was built in 1975 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 12 Porsche Drive is $484,699.
What are some comparable homes to 12 Porsche Drive?
There are currently no comparable homes to 12 Porsche Drive.
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