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Old Bridge 08857
24 Farless Avenue
$355,000
● House - Off Market

24 Farless Avenue

Old Bridge, NJ 08857
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,086 Ft²
$327,612
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Welcome home! This lovely three bedroom Cape style home with a stunningly renovated kitchen just done three years ago, shines value in Old Bridge Township. Wood floors throughout plus a full basement ready for possibilities can be found here. This home is an example of the best value combined with some updates and room for the future buyer to exercise their vision here. In a residential neighborhood this home is nestled among others that also compliment its value. Do not miss on this opportunity to see this home at your soonest chance.
Unit Size
1,086 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$290
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22223290)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Jul 23, 2022 Listed by KELLER WILLIAMS BY THE BAY $315,000
Listed by KELLER WILLIAMS BY THE BAY
Welcome home! This lovely three bedroom Cape style home with a stunningly renovated kitchen just done three years ago, shines value in Old Bridge Township. Wood floors throughout plus a full basement ready for possibilities can be found here. This home is an example of the best value combined with some updates and room for the future buyer to exercise their vision here. In a residential neighborhood this home is nestled among others that also compliment its value. Do not miss on this opportunity to see this home at your soonest chance.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 5,350
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,086
  • Building Area: 1,086
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,086
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 79

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007703

Zoning

  • Zoning: R7

Geography

  • Assessors Map Reference: TAX MAP 1815
  • Account Number: 14988000
  • District: 15
  • Parcel: 15 18078-0000-00078
  • Block: 18078
  • Lot: 78
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4052
  • Longitude: -74.3601

    Address

  • Full Address: 24 Farless Ave
  • Address - House Number: 24
  • Address - Street Name: Farless
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C013
  • 4-Digit Zip Code: 1213
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $508,128

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 416,144
  • High Value: 492,923
  • Low Value: 339,365

    Market Valuation

  • Market Total Value: $96,000
  • Market Land Value: $44,200
  • Market Improvement Value: $51,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,000
  • Assessed Land Value: $44,200
  • Assessed Improvements Value: $51,800

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 86311
  • Previous Sale Recording Date: Nov 09, 2006
  • Previous Sale Contract Date: Oct 25, 2006
  • Previous Sale Amount: $222,500
  • 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 Old Bridge

Stats & Trends

Median Asking:

$642,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1681 ft²

Average Home Age

59.7 years

Currently For Sale

48 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 13 Sheridan Avenue, East Brunswick, NJ, 08816

$3,525 /mo

  • 4 Beds
  • 2 Baths
  • 1,206 ft²
13 Sheridan Avenue, East Brunswick, NJ, 08816 Listing by MICHAEL MATTHEWS

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dana Cadena, Keller Williams by the Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22223290
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 24 Farless Avenue built and last sold?
The property at 24 Farless Avenue was built in 1930 and last sold on Sep 20, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 24 Farless Avenue is $323,070.
What are some comparable homes to 24 Farless Avenue?
There are currently no comparable homes to 24 Farless Avenue.
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