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Sayreville 08859
14 Elm Terrace
$385,000
● House - Off Market

14 Elm Terrace

Sayreville, NJ 08859
bedrooms
4 Beds
bathrooms
2 Baths
$2,608
Est. Monthly
11.48%
Cap Rate

About This Property

A perfect home for a big family, waiting for the right buyer to finish upgrading and decorating to their taste*The home features 4 big bedrooms*2 full baths*Eat in Kitchen*Formal Dining room*Carport was converted into Family room with a back addition with a utility and storage room*This Cape has a huge extention off back of home*Living room has double french door to big yard and shed*1 year young roof*updated Weil-Mclain Furnace and HWH*Home is being sold strictly in AS IS condition*Buyer responsible for township CO and smoke Cert*NO repairs will be made*
Unit Size
-
Days on Market
89 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
-

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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 (CJMLS #2502838R)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Premium
Sold
Sep 27, 2024 In contract -
In contract
Aug 25, 2024 Listed by RE/MAX FIRST REALTY, INC. $399,900
Listed by RE/MAX FIRST REALTY, INC.

Property Highlights

Building Info

Overview

    General

  • 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
  • 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: 6,530
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Sayreville Borough School District
  • Census Tract: 007301

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 11
  • District: 19
  • Parcel: 19 00032- 08-00003
  • Block: 32.08
  • Lot: 3
  • Municipality: SAYREVILLE BORO
  • Latitude: 40.458
  • Longitude: -74.3101

    Address

  • Full Address: 14 Elm Ter
  • Address - House Number: 14
  • Address - Street Name: Elm
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Parlin
  • Carrier Code: C003
  • 4-Digit Zip Code: 1116
  • Zip Code: 08859

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $720,248

    Appraisal Valuation

  • Standard Deviation: 0.1517
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 478,346
  • High Value: 550,938
  • Low Value: 405,755

    Market Valuation

  • Market Total Value: $134,400
  • Market Land Value: $51,000
  • Market Improvement Value: $83,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,400
  • Assessed Land Value: $51,000
  • Assessed Improvements Value: $83,400

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 1993
  • Current Sale Recording Date: May 06, 1993
  • Current Sale Price:
    Premium
  • Current 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 Sayreville

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$341

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1143 ft²

Average Home Age

57.6 years

Currently For Sale

143 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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CJMLS

Listed by: DONNA TENNARO
RE/MAX FIRST REALTY, INC.
Last Updated: 2 years ago
Data Source: CJMLS , MLS# 2502838R

Frequently Asked Questions

When was property at 14 Elm Terrace built and last sold?
The property at 14 Elm Terrace was built in and last sold on May 6, 1993 for $80,000.
How much is this home worth?
The estimated value of the home located at 14 Elm Terrace is $0.
What are some comparable homes to 14 Elm Terrace?
There are currently no comparable homes to 14 Elm Terrace.
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