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Bradley Gardens 08807
16 Murphy Drive
$672,000
● House - Off Market

16 Murphy Drive

Bridgewater, NJ 08807
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$968,404
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Meticulously cared for by its original owners, this lovely home offers numerous recent improvements. This home features 9 foot ceilings, Andersen Windows, newer furnace and central air. A floor to ceiling stone fireplace enhance the fabulous great room. The kitchen offers a large center island, granite counter tops and stainless steel appliances. The dining room, living room, first floor office and the great room  hardwood floors. Ceramic tile is offered in the kitchen and the foyer. Other improvements include new garage doors,  new front door, newer water heater & more. This delightful home is situated in the award-winning Bridgewater-Raritan School District. It is conveniently located near shopping, mass transit, parks and major highways.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,074
HOA Dues
-
Year Built
1998

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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 #1921717)

Price History

Date / Event Date Event Price
Jul 1, 2019 Sold
Premium
Sold
Apr 18, 2019 Listed by WEICHERT CO REALTORS $659,900
Listed by WEICHERT CO REALTORS

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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
  • 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: 5,968
  • Total Building Area: 2,722
  • Building Area: 2,722
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,722
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 050703

Zoning

  • Zoning: 20.1

Geography

  • Assessors Map Reference: TAX MAP 4.08
  • Account Number: S001
  • District: 06
  • Parcel: 06 00191-0000-00008
  • Block: 191
  • Lot: 8
  • Municipality: BRIDGEWATER TWP
  • Latitude: 40.5844
  • Longitude: -74.6556

    Address

  • Full Address: 16 Murphy Dr
  • Address - House Number: 16
  • Address - Street Name: Murphy
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Bridgewater
  • Carrier Code: C052
  • 4-Digit Zip Code: 5684
  • Zip Code: 08807

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,444,286

    Appraisal Valuation

  • Standard Deviation: 0.1486
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 912,975
  • High Value: 1,048,684
  • Low Value: 777,266

    Market Valuation

  • Market Total Value: $750,645
  • Market Land Value: $295,987
  • Market Improvement Value: $454,658

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $727,600
  • Assessed Land Value: $286,900
  • Assessed Improvements Value: $440,700

    Sales

  • Current Sale Contract Date: Apr 22, 2019
  • Current Sale Recording Date: Jul 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019023716
  • Previous Sale Recording Date: Jul 01, 1998
  • Previous Sale Contract Date: Jun 29, 1998
  • Previous Sale Amount: $288,665
  • 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 Bradley Gardens

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$351

Below Asking

0.01%

Average Days on Market

59

Average Home Size

632 ft²

Average Home Age

41.6 years

Currently For Sale

25 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 42 Edgewood Terrace, Bridgewater, NJ, 08807

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,632 ft²
42 Edgewood Terrace, Bridgewater, NJ, 08807 Listing by MAMTABEN DESAI

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: BARBARA BOZZONE
WEICHERT CO REALTORS
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 1921717

Frequently Asked Questions

When was property at 16 Murphy Drive built and last sold?
The property at 16 Murphy Drive was built in 1998 and last sold on Apr 22, 2019 for $672,000.
How much is this home worth?
The estimated value of the home located at 16 Murphy Drive is $666,499.
What are some comparable homes to 16 Murphy Drive?
There are currently no comparable homes to 16 Murphy Drive.
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