$399,500
●
House -
Off Market
121 CHARLES RD
MAGNOLIA, NJ 08049
4 Beds
4 Baths,
1
Half Bath
2,544 Ft²
$380,537
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Over 2500 sf of living area! Yes you heard that right! Wait
until you look at this beauty! One of the largest colonials
in Magnolia. Enter into the side entry foyer with slate
floors and continue into the modern kitchen with island that flows
right into the family room with wood burning fireplace and has a
formal dining room. First floor living room has built in wine
cooler and hardwood floors. Second floor features master
bedroom with vaulted ceilings with gas fireplace and master
bath with jacuzzi tub and walk in shower, three additional good
sized bedrooms and powder room finish off the second floor but wait
there is more! Third Floor has a finished room that could be
used as a den or for whatever your needs are and has a
full bath located on this level as well. Wait there is still
more to this beauty - a rear yard with an in ground saltwater
pool, a fishpond with waterfall, a putting green and an outbuilding
that can be used for just about anything. Additional features
include 2 zone heat/air system and custom patio paver
driveway and more. Must see this beauty!
Unit Size
2,544 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$149
Property Type
House
Property Taxes
$726
HOA Dues
-
Year Built
1960
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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: 4 years ago (Bright MLS #NJCD2046862)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2023 | Sold | ||
| Sold | |||
| May 9, 2023 | In contract | - | |
| In contract | |||
| May 1, 2023 | Listed by Family Five Homes | $379,900 | |
| Listed by Family Five Homes | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Magnolia
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Listed by: Anna Chain
Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2046862
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Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2046862
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