Listed by: Joshua M. Baris, [email protected], Coldwell Banker, Fort Lee, (201) 461-5000, Listing Courtesy of NJMLS
$4,450,000
●
House -
Off Market
23 Elden Drive
Saddle River, NJ 07458
5 Beds
9 Baths,
2
Half Baths
$26,173
Est. Monthly
0.40%
Cap Rate
About This Property
Welcome to this amazing 5 bedroom, 7 full and 2 half bath
manor-style estate set on 2 flat acres on a cul-de-sac in the
sought after Chestnut Ridge section of Saddle River. This
spectacular home was constructed with the highest quality materials
and custom craftsmanship throughout including the dramatic 3-story
staircase, state-of-the-art Smart Home System, gourmet eat-in
kitchen with stainless steel appliances and 7 fireplaces with
custom screens. Other features of this incredible estate include a
family room with custom bar on the second floor, 22 zones of
radiant heat throughout, a temperature-controlled wine room and
home theater in the full finished basement as well as a 4-car
garage with lift to accommodate a 5th car. The meticulously
manicured grounds are a must see with an in-ground heated Gunite
pool, custom cabana and outdoor grill perfect for entertaining
guests.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$4,322
HOA Dues
-
Year Built
2006
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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 (NJMLS #23004098)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Aug 11, 2023 | In contract | - | |
| In contract | |||
| Jul 18, 2023 | Price Decreased |
$4,688,000
↓ $300K
(6%) | |
| Price Decreased | |||
| Jun 2, 2023 | Price Decreased |
$4,988,000
↓ $301K
(5.7%) | |
| Price Decreased | |||
| Feb 10, 2023 | Listed by Coldwell Banker, Fort Lee | $5,288,888 | |
| Listed by Coldwell Banker, Fort Lee | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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About Saddle River
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Listed by: Joshua M. Baris
Coldwell Banker, Fort Lee
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 23004098
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Coldwell Banker, Fort Lee
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 23004098
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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