28
Map
$620,000
●
House -
Off Market
16 Mercer Road
Old Bridge, NJ 08857
3 Beds
2 Baths
1,572 Ft²
$3,926
Est. Monthly
4.43%
Cap Rate
About This Property
Rare opportunity centrally located in the heart of Old Bridge.
Stone & Shake faced welcomes you along with a two car driveway.
Inside this Expansive property features 3 large Bedrooms with tons
of closet space, 2 Full baths. Updated modern kitchen complete with
quartz countertops and stainless steel appliances. Your first floor
is complete with tile and hardwood flooring, sunken living room &
wood burning fireplace. Fully finished basement provides ample
storage and additional living space. You do not want to miss this
one!
Unit Size
1,572 Ft²
Days on Market
180 days
Land Size
-
Price per sqft
$378
Property Type
House
Property Taxes
$1,005
HOA Dues
-
Year Built
1960
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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 months ago (MOMLS #22323637)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2023 | Listed by M. DONATO AND COMPANY | $594,888 | |
| Listed by M. DONATO AND COMPANY | |||
| | |||
|
Rare opportunity centrally located in the heart of Old Bridge. Stone & Shake faced welcomes you along with a two car driveway. Inside this Expansive property features 3 large Bedrooms with tons of closet space, 2 Full baths. Updated modern kitchen complete with quartz countertops and stainless steel appliances. Your first floor is complete with tile and hardwood flooring, sunken living room & wood burning fireplace. Fully finished basement provides ample storage and additional living space. You do not want to miss this one!
| |||
| Mar 21, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2022 | Listed by Keller Williams Realty Monmouth/Ocean | $560,000 | |
| Listed by Keller Williams Realty Monmouth/Ocean | |||
| | |||
|
Welcome to beautifully finished 16 Mercer Road, a warm and inviting property centrally located in heart of Old Bridge, NJ. As soon as you arrive, you will notice the gorgeous stone and shake facade! This expansive property features 3 large bedrooms with plenty of closet space, 2 baths, and an updated kitchen featuring Quartz counters and stainless-steel appliances. The first floor finished with porcelain tile and hardwood floors also features a sunken living room with wood burning fireplace and a separate formal dining room! A fully finished basement provides additional living space, laundry room and additional storage. Too many features to mention! Best value in beautiful Old Bridge!
| |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Old Bridge
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Listed by: Michael Barone, M Donato & Co Real Estate
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22323637
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.
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22323637
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