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Port Reading 07064
149 Vernon Way
$475,000
● House - Off Market

149 Vernon Way

Port Reading, NJ 07064
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$487,269
RealtyHop Estimate
14.65%
Since Jan 1, 2022
NY-New York
Primary Model

About This Property

Lovingly cared for 4 bedroom/1.5 bath bi-level located in a desirable section of Port Reading.  2 year young roof! Updated kitchen, new main bath, hardwood floors throughout the top level.  Spacious open floor plan with lots of natural sunlight.  Sliders leading out to a large composite deck.  Large yard, with an above ground pool, fully enclosed with a white vinyl fence is perfect for privacy and entertaining.  This is a must see!!  Close to all NYC trans, major roads, shopping, etc,...
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$807
HOA Dues
-
Year Built
1959

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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 #22132007)

Price History

Date / Event Date Event Price
Dec 8, 2021 Sold
Premium
Sold
Sep 28, 2021 Listed by RE/MAX CENTRAL $425,000
Listed by RE/MAX CENTRAL
Lovingly cared for 4 bedroom/1.5 bath bi-level located in a desirable section of Port Reading.2 year young roof!Updated kitchen,new main bath,hardwood flrs throughout top level.Spacious open floor plan w/ lots of natural sunlight.Sliders leading out to a large composite deck.Large yard,w/ above ground pool,fully enclosed w/ a white vinyl fence is perfect for privacy & entertaining.This is a must see!Close to all NYC trans,major roads,shopping,etc,...

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,231
  • Building Area: 1,231
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,231
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODBRIDGE COLONIAL PARK SEC 0
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Woodbridge Township School District
  • Census Tract: 009101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 102
  • Account Number: 28950
  • District: 25
  • Parcel: 25 01053- 05-00004
  • Block: 1053.05
  • Lot: 4
  • Municipality: WOODBRIDGE TWP
  • Latitude: 40.5751
  • Longitude: -74.2393

    Address

  • Full Address: 149 Vernon Way
  • Address - House Number: 149
  • Address - Street Name: Vernon
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Port Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 1203
  • Zip Code: 07064

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,043,260

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 507,635
  • High Value: 596,035
  • Low Value: 419,236

    Market Valuation

  • Market Total Value: $82,700
  • Market Land Value: $22,000
  • Market Improvement Value: $60,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,700
  • Assessed Land Value: $22,000
  • Assessed Improvements Value: $60,700

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021151775
  • Previous Sale Recording Date: Dec 03, 1997
  • Previous Sale Contract Date: Oct 17, 1997
  • Previous Sale Amount: $150,000
  • 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 Port Reading

Stats & Trends

Median Asking:

$582,499

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1121 ft²

Average Home Age

63.3 years

Currently For Sale

8 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 466 Teneyke Place, Rahway, NJ, 07065

$3,100 /mo

  • 3 Beds
  • 1 Bath
466 Teneyke Place #A, Rahway, NJ, 07065 Listing by LANAIA S. ESTRELLA
Unit for rent at 486 Cliff Road, Sewaren, NJ, 07077

$3,100 /mo

  • 3 Beds
  • 1 Bath
  • 2,748 ft²
486 Cliff Road, Sewaren, NJ, 07077 Listing by ANA ALMONTE

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lori Bocchieri-Bennett, RE/MAX Central
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22132007
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 149 Vernon Way built and last sold?
The property at 149 Vernon Way was built in 1959 and last sold on Dec 7, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 149 Vernon Way is $0.
What are some comparable homes to 149 Vernon Way?
There are currently no comparable homes to 149 Vernon Way.
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