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Matawan 07747
248 Matawan Avenue
$480,000
● House - Off Market

248 Matawan Avenue

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,798 Ft²
$650,488
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

MOTHER DAUGHTER! Large brick front split level colonial ideally situated for multi generational living. Main level offers family room, leading into the kitchen with custom cabinets, followed by spacious dining room. Upper level also includes a full bathroom with double sinks, three bedrooms with master bedroom having walk in closet and bathroom. Lower level has huge living room with wood burning fireplace, sunroom, second kitchen, dining area, two bathrooms and bedroom. Outdoors has lush mature landscaping, beautiful in ground pool and paved patio. Minutes to the train, downtown, parks and shopping!
Unit Size
2,798 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$170
Property Type
House
Property Taxes
$902
HOA Dues
-
Year Built
1964

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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: 2 years ago (MOMLS #22022097)

Price History

Date / Event Date Event Price
Aug 20, 2020 Sold
Premium
Sold
Jul 3, 2020 Listed by RE/MAX The Real Estate Leaders $474,900
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 810
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 15,960
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,796
  • Building Area: 2,796
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,796
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000366
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 803100

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 32
  • Account Number: 18980
  • District: 31
  • Parcel: 31 00065- 01-00009
  • Block: 65.01
  • Lot: 9
  • Municipality: MATAWAN BORO
  • Latitude: 40.4194
  • Longitude: -74.2336

    Address

  • Full Address: 248 Matawan Ave
  • Address - House Number: 248
  • Address - Street Name: Matawan
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C010
  • 4-Digit Zip Code: 2609
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,201,352

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 717,856
  • High Value: 850,225
  • Low Value: 585,487

    Market Valuation

  • Market Total Value: $552,600
  • Market Land Value: $285,800
  • Market Improvement Value: $266,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $552,600
  • Assessed Land Value: $285,800
  • Assessed Improvements Value: $266,800

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020115580
  • Previous Sale Recording Date: May 04, 2000
  • Previous Sale Contract Date: Apr 28, 2000
  • Previous Sale Amount: $272,000
  • 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 Matawan

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1694 ft²

Average Home Age

64.5 years

Currently For Sale

20 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 117 Lexington Circle, Matawan, NJ, 07747

$4,200 /mo

  • 3 Beds
  • 2 Baths
117 Lexington Circle, Matawan, NJ, 07747 Listing by MARIA CAPPILLO

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christopher Walsh, RE/MAX The Real Estate Leaders
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22022097
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 248 Matawan Avenue built and last sold?
The property at 248 Matawan Avenue was built in 1964 and last sold on Aug 12, 2020 for $480,000.
How much is this home worth?
The estimated value of the home located at 248 Matawan Avenue is $507,408.
What are some comparable homes to 248 Matawan Avenue?
There are currently no comparable homes to 248 Matawan Avenue.
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