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Madison Park 08859
188 Princeton Road
$279,000
● House - Off Market

188 Princeton Road

Parlin, NJ 08859
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$442,568
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Madison Park ranch-easily put walls back up for 3 Bedroom..Or use extension that is den. Finished basement offers lots of extra space! Newer roof* updated Kitchen*Baths* hardwood floors* Fenced Yard backs to woods!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1956

Payment Calculator

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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 #21719392)

Price History

Date / Event Date Event Price
Nov 30, 2017 Sold
Premium
Sold
May 16, 2017 Listed by Weichert Realtors-Old Bridge $279,000
Listed by Weichert Realtors-Old Bridge

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADISON PARK SEC 03-E & 03-F
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007905

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 5.21
  • Account Number: 05012000
  • District: 15
  • Parcel: 15 05000- 26-00004
  • Block: 5000.26
  • Lot: 4
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4496
  • Longitude: -74.3057

    Address

  • Full Address: 188 Princeton Rd
  • Address - House Number: 188
  • Address - Street Name: Princeton
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Parlin
  • Carrier Code: C006
  • 4-Digit Zip Code: 1216
  • Zip Code: 08859

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,433

    Appraisal Valuation

  • Standard Deviation: 0.1881
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 494,282
  • High Value: 587,263
  • Low Value: 401,302

    Market Valuation

  • Market Total Value: $131,700
  • Market Land Value: $50,000
  • Market Improvement Value: $81,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,700
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $81,700

    Sales

  • Current Sale Contract Date: Dec 06, 2017
  • Current Sale Recording Date: Dec 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201700013701
  • Previous Sale Recording Date: Oct 07, 1981
  • Previous Sale Contract Date: Oct 07, 1981
  • Previous Sale Amount: $70,000
  • 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 Madison Park

Stats & Trends

Median Asking:

$524,900

Sale Price/ft²

$414

Above Asking

0.00%

Average Days on Market

50

Average Home Size

980 ft²

Average Home Age

70.7 years

Currently For Sale

7 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

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MOMMLS

Listed by: Debra Crupi, Weichert Realtors-Old Bridge
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21719392
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 188 Princeton Road built and last sold?
The property at 188 Princeton Road was built in 1956 and last sold on Dec 6, 2017 for $279,000.
How much is this home worth?
The estimated value of the home located at 188 Princeton Road is $281,790.
What are some comparable homes to 188 Princeton Road?
There are currently no comparable homes to 188 Princeton Road.
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