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Ocean
14 Postal Road
$258,000
● House - Off Market

14 Postal Road

Cream Ridge, NJ 08514
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,204 Ft²
$406,455
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Beautifully updated ranch located in the quiet settings of Cream Ridge. Nothing to do but move right in this immaculate home. The minute you walk right in the large living room you will find the open floor plan concept. Custom designed kitchen with corian counter tops are some of the homeowner's recent upgrades. You will enjoy the spacious basement which consists of a finished family room and work area, plenty of room for storage. Enjoy your private back yard.
Unit Size
1,204 Ft²
Days on Market
-
Land Size
-
Price per sqft
$230
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1987

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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 #21847961)

Price History

Date / Event Date Event Price
Jun 26, 2019 Sold
Premium
Sold
Dec 28, 2018 Listed by Keller Williams Realty Ocean Living $276,500
Listed by Keller Williams Realty Ocean Living

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,204
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,204
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Plumsted Township School District
  • Census Tract: 718000

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 2.01
  • District: 24
  • Parcel: 24 00072-0000-00035
  • Block: 72
  • Lot: 35
  • Municipality: PLUMSTED TWP
  • Latitude: 40.1105
  • Longitude: -74.4894

    Address

  • Full Address: 14 Postal Rd
  • Address - House Number: 14
  • Address - Street Name: Postal
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Cream Ridge
  • Carrier Code: R404
  • 4-Digit Zip Code: 2443
  • Zip Code: 08514

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $526,578

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 396,939
  • High Value: 482,098
  • Low Value: 311,780

    Market Valuation

  • Market Total Value: $190,100
  • Market Land Value: $93,900
  • Market Improvement Value: $96,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,100
  • Assessed Land Value: $93,900
  • Assessed Improvements Value: $96,200

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019063177
  • Previous Sale Recording Date: Mar 21, 2001
  • Previous Sale Contract Date: Mar 12, 2001
  • Previous Sale Amount: $158,450
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$304

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1609 ft²

Average Home Age

24.6 years

Currently For Sale

3232 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

Currently no nearby rentals
MOMMLS

Listed by: Eric S Valenzona, Keller Williams Realty Ocean Living
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21847961
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 14 Postal Road built and last sold?
The property at 14 Postal Road was built in 1987 and last sold on Jun 26, 2019 for $258,000.
How much is this home worth?
The estimated value of the home located at 14 Postal Road is $285,067.
What are some comparable homes to 14 Postal Road?
There are currently no comparable homes to 14 Postal Road.
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