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Pine Lake Park 08759
2 Ridgeview Drive
$470,000
● House - Off Market

2 Ridgeview Drive

Manchester, NJ 08759
bedrooms
4 Beds
bathrooms
2 Baths
$491,081
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

*** 4 BEDROOM 2 BATH COLONIAL *** TWO STORY ENTRY *** VAULTED LIVING ROOM *** EAT IN KITCHEN *** IN LAW SUITE ON FIRST FLOOR WITH FULL BATH *** 3 BEDROOMS AND FULL BATH ON SECOND FLOOR *** BEAUTIFUL EXTRA LARGE CORNER PROPERTY WITH BIG FULLY GATED YARD *** ATTACHED TWO CAR HEATED GARAGE ***
Unit Size
-
Days on Market
-
Land Size
0.37 acres
Price per sqft
-
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1997

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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 #22212336)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
Apr 27, 2022 Listed by Keller Williams Realty Monmouth/Ocean $480,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,950
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,656
  • Building Area: 1,656
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,656
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGECREEK SECTION 2 LOT 8.04 BLOCK 43
  • Land Acres: 0000000366
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720203

Zoning

  • Zoning: R14

Geography

  • Assessors Map Reference: TAX MAP 8.01
  • District: 19
  • Parcel: 19 00043- 06-00002
  • Block: 43.06
  • Lot: 2
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0002
  • Longitude: -74.2751

    Address

  • Full Address: 2 Ridgeview Dr
  • Address - House Number: 2
  • Address - Street Name: Ridgeview
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manchester
  • Carrier Code: C029
  • 4-Digit Zip Code: 5675
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $581,438

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 478,529
  • High Value: 521,674
  • Low Value: 435,385

    Market Valuation

  • Market Total Value: $262,500
  • Market Land Value: $91,800
  • Market Improvement Value: $170,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,500
  • Assessed Land Value: $91,800
  • Assessed Improvements Value: $170,700

    Sales

  • Current Sale Contract Date: Jul 19, 2001
  • Current Sale Recording Date: Aug 07, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 07, 2001
  • Previous Sale Contract Date: Jul 19, 2001
  • Previous Sale Amount: $148,750
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Pine Lake Park

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1300 ft²

Average Home Age

38.4 years

Currently For Sale

71 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 412 Birmingham Avenue, Manchester, NJ, 08759

$3,700 /mo

  • 3 Beds
  • 3 Baths
  • 1,786 ft²
412 Birmingham Avenue, Manchester, NJ, 08759 Listing by Blimi Meisels

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Efrayim Lax, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22212336
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 2 Ridgeview Drive built and last sold?
The property at 2 Ridgeview Drive was built in 1997 and last sold on Jul 19, 2001 for $148,750.
How much is this home worth?
The estimated value of the home located at 2 Ridgeview Drive is $0.
What are some comparable homes to 2 Ridgeview Drive?
There are currently no comparable homes to 2 Ridgeview Drive.
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