by RHP Realty
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Bound Brook 08805
172 Farm Lane
$535,000
● House - Off Market

172 Farm Lane

Bound Brook Boro, NJ 08805
bedrooms
3 Beds
bathrooms
2.1 Baths
$504,834
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 (GSMLS #3829247)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Feb 25, 2023 In contract -
In contract

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,628
  • Lot Size Depth Feet: 1,910
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 2,535
  • Building Area: 2,535
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,535
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000474
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Bound Brook Borough School District
  • Census Tract: 051300

Zoning

  • Zoning: R-2

Geography

  • District: 04
  • Parcel: 04 00098- 03-00027
  • Block: 98.03
  • Lot: 27
  • Municipality: BOUND BROOK BORO
  • Latitude: 40.5748
  • Longitude: -74.5323

    Address

  • Full Address: 172 Farm Ln
  • Address - House Number: 172
  • Address - Street Name: Farm
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Bound Brook
  • Carrier Code: C007
  • 4-Digit Zip Code: 1414
  • Zip Code: 08805

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,135,377

    Appraisal Valuation

  • Standard Deviation: 0.1656
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 641,680
  • High Value: 747,965
  • Low Value: 535,396

    Market Valuation

  • Market Total Value: $462,180
  • Market Land Value: $200,134
  • Market Improvement Value: $262,046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481,500
  • Assessed Land Value: $208,500
  • Assessed Improvements Value: $273,000

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7910
  • Previous Sale Recording Date: Dec 16, 2013
  • Previous Sale Contract Date: Dec 06, 2013
  • Previous Sale Amount: $337,500
  • 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 Bound Brook

Stats & Trends

Median Asking:

$540,000

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

69

Average Home Size

999 ft²

Average Home Age

78.4 years

Currently For Sale

9 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 49 Louis Avenue, Middlesex, NJ, 08846

$3,100 /mo

  • 3 Beds
  • 1 Bath
49 Louis Avenue, Middlesex, NJ, 08846 Listing by BENNY YENTO
Unit for rent at 368-370 Voorhees Avenue, Middlesex, NJ, 08846

$3,100 /mo

  • 3 Beds
  • 1 Bath
368-370 Voorhees Avenue #370, Middlesex, NJ, 08846 Listing by NIRAJ PARIKH

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 4 years ago
Data Source: GSMLS, MLS# 3829247
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. 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 172 Farm Lane built and last sold?
The property at 172 Farm Lane was built in 1953 and last sold on Mar 24, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 172 Farm Lane is $494,799.
What are some comparable homes to 172 Farm Lane?
There are currently no comparable homes to 172 Farm Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Somerset Homes for Sale
Somerset Houses for Sale
Somerset Condos for Sale
Somerset Townhouses for Sale
Somerset Multifamily for Sale
Somerset Land for Sale
Somerset Commercial for Sale
Somerset Homes with Basements
Nearby Cities
Philadelphia Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Trenton Homes for Sale
Sayreville Homes for Sale
Paterson Homes for Sale
Hoboken Homes for Sale
Nearby Property Records
Somerset County, NJ Property Records
Hunterdon County, NJ Property Records
Middlesex County, NJ Property Records
Union County, NJ Property Records
Morris County, NJ Property Records
Mercer County, NJ Property Records
Essex County, NJ Property Records
Warren County, NJ Property Records
Neighborhoods
Kensington Real Estate
Bay Ridge Real Estate
Northeast Philadelphia Real Estate
Port Richmond Real Estate
Logan - Ogontz - Fern Rock Real Estate
Frankford Real Estate
The Heights Real Estate
Tacony - Wissinoming Real Estate
Nearby Counties
Monmouth Homes for Sale
Philadelphia Homes for Sale
Middlesex Homes for Sale
Essex Homes for Sale
Mercer Homes for Sale
Bergen Homes for Sale
Morris Homes for Sale
Hudson Homes for Sale
Top Real Estate Agents
Top Agents in Somerset
Top Agents in Monmouth
Top Agents in Philadelphia
Top Agents in Philadelphia
Top Agents in Middlesex
Top Agents in Essex
Top Agents in Mercer
Top Agents in Bergen