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South Plainfield 07080
136 Jerome Avenue
$242,000
● House - Off Market

136 Jerome Avenue

South Plainfield, NJ 07080
bedrooms
4 Beds
bathrooms
1 Bath
$389,990
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Come on and tour this 2 Story Custom Home with plenty of options. There is the possibility of four bedrooms, w/roughed out full bathroom on the second floor.Open layout on the second floor w/ large family or TV room. 1st Floor features 2 Bedrooms with full bath & EIK.  Location is perfect, close to all pts of interest. *R* Some updates on exterior with some newer windows, siding.  Partially fenced yard area, detached garage.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1945

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: 4 years ago (CJMLS #1801819)

Price History

Date / Event Date Event Price
Sep 22, 2017 Sold
Premium
Sold
Jul 30, 2017 Listed by C21 CHARLES SMITH AGENCY, INC $244,900
Listed by C21 CHARLES SMITH AGENCY, INC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,142
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLLY PARK
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: South Plainfield Borough School District
  • Census Tract: 000902

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 14
  • District: 22
  • Parcel: 22 00210-0000-00010
  • Block: 210
  • Lot: 10
  • Municipality: SOUTH PLAINFIELD BORO
  • Latitude: 40.5903
  • Longitude: -74.3997

    Address

  • Full Address: 136 Jerome Ave
  • Address - House Number: 136
  • Address - Street Name: Jerome
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: South Plainfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 5020
  • Zip Code: 07080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $900,877

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 630,262
  • High Value: 747,892
  • Low Value: 512,632

    Market Valuation

  • Market Total Value: $136,600
  • Market Land Value: $34,200
  • Market Improvement Value: $102,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $136,600
  • Assessed Land Value: $34,200
  • Assessed Improvements Value: $102,400

    Sales

  • Current Sale Contract Date: May 22, 2018
  • Current Sale Recording Date: Jun 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201800056906
  • Previous Sale Recording Date: Oct 13, 2017
  • Previous Sale Contract Date: Sep 08, 2017
  • Previous Sale Amount: $242,000
  • 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 South Plainfield

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$344

Below Asking

0.01%

Average Days on Market

76

Average Home Size

890 ft²

Average Home Age

53.2 years

Currently For Sale

51 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 36 Carriage Place, Edison, NJ, 08820

$2,975 /mo

  • 2 Beds
  • 2 Baths
  • 1,486 ft²
36 Carriage Place, Edison, NJ, 08820 Listing by CHING Y. LIANG
Unit for rent at 527-33 W 8th Street, NJ, 07060

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 11,562 ft²
527-33 W 8th Street, NJ, 07060 Listing by JANICE E. GOOD PIGA

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: MITCHELL SCHANEN
C21 CHARLES SMITH AGENCY, INC
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 1801819

Frequently Asked Questions

When was property at 136 Jerome Avenue built and last sold?
The property at 136 Jerome Avenue was built in 1945 and last sold on May 22, 2018 for $421,000.
How much is this home worth?
The estimated value of the home located at 136 Jerome Avenue is $247,349.
What are some comparable homes to 136 Jerome Avenue?
There are currently no comparable homes to 136 Jerome Avenue.
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