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Matawan 07747
131 Washington Avenue
$485,000
● House - Off Market

131 Washington Avenue

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,505 Ft²
$3,051
Est. Monthly
8.37%
Cap Rate

About This Property

This is a coming soon listing and cannot be shown until 12/31/23. Ring in the new year and look at this spacious cape cod styled home situated on an oversized beautiful lot, 75 X 145. You will love the backyard, very private and fenced, have it your way and customize this property to  your needs & wants. Inside, spacious rooms, HW flooring in most rooms, generous sized bedrooms with great closet space. Full basement can be your playroom,media room or whatever fits your needs. Commuters will love the location minutes to NYC bus & train, minutes to wonderful Lake Lefferts, have a great seat to the 4th of July fireworks! The community of Ravine Garden is just oozing with charm, come take a look!
Unit Size
1,505 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$302
Property Type
House
Property Taxes
$816
HOA Dues
-
Year Built
1943

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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: 2 years ago (MOMLS #22334482)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Dec 28, 2023 Listed by EXP Realty $455,000
Listed by EXP Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 856
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,875
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,505
  • Building Area: 1,505
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 803100

Zoning

  • Zoning: SF05

Geography

  • Assessors Map Reference: TAX MAP 24
  • Account Number: 13170
  • District: 31
  • Parcel: 31 00093-0000-00004
  • Block: 93
  • Lot: 4
  • Municipality: MATAWAN BORO
  • Latitude: 40.4165
  • Longitude: -74.2357

    Address

  • Full Address: 131 Washington Ave
  • Address - House Number: 131
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C016
  • 4-Digit Zip Code: 2921
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $979,604

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 451,255
  • High Value: 489,856
  • Low Value: 412,653

    Market Valuation

  • Market Total Value: $450,600
  • Market Land Value: $317,100
  • Market Improvement Value: $133,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,600
  • Assessed Land Value: $317,100
  • Assessed Improvements Value: $133,500

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15414
  • Previous Sale Recording Date: Aug 02, 2011
  • Previous Sale Contract Date: Jul 21, 2011
  • Previous Sale Amount: $268,000
  • Previous Sale Document Type: 27
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 Matawan

Stats & Trends

Median Asking:

$635,000

Sale Price/ft²

$350

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1651 ft²

Average Home Age

60.9 years

Currently For Sale

19 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 117 Lexington Circle, Matawan, NJ, 07747

$4,200 /mo

  • 3 Beds
  • 2 Baths
117 Lexington Circle, Matawan, NJ, 07747 Listing by MARIA CAPPILLO

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Donna Bruno, EXP Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22334482
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 131 Washington Avenue built and last sold?
The property at 131 Washington Avenue was built in 1943 and last sold on Mar 6, 2024 for $485,000.
How much is this home worth?
The estimated value of the home located at 131 Washington Avenue is $461,847.
What are some comparable homes to 131 Washington Avenue?
There are currently no comparable homes to 131 Washington Avenue.
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