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Old Bridge 08857
27 Grace Drive
Photo of 27 Grace Drive
Sold on Oct 2, 2026

47

Map

Photo of 27 Grace Drive
Photo of 27 Grace Drive
$535,000
● House - Off Market

27 Grace Drive

Old Bridge, NJ 08857
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,512 Ft²
$3,600
Est. Monthly

About This Property

Every house has a chapter waiting to be written, and this home is ready for its next story to begin. Nestled on a quiet street in a great neighborhood in Old Bridge, this classic four-bedroom, 1.5-bath Colonial is filled with character, and the kind of promise you can feel the moment you walk through the front door.Key updates have been done so you can focus entirely on bringing your own design personality into every room. Upstairs, four cozy bedrooms offer quiet retreats for family, guests, or a dedicated home office.Downstairs, a full basement offers a blank canvas for whatever your life calls for. Outside a manageable backyard is perfectly sized for weekend projects. Behind the scenes, thoughtful whole-house generatorprovide reliable comfort and quiet peace of mind in every season.
Unit Size
1,512 Ft²
Days on Market
16 days
Land Size
-
Price per sqft
$380
Property Type
House
Property Taxes
$776
HOA Dues
-
Year Built
1958

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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 months ago (CJMLS #2704695R)

Price History

Date / Event Date Event Price
Oct 2, 2026 Sold
Premium
Sold
Sep 25, 2026 In contract -
In contract
Sep 16, 2026 Listed by NEXTHOME ZENITH $575,000
Listed by NEXTHOME ZENITH

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 200
  • 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: 7,410
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007805

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 1511
  • Account Number: 10995000
  • District: 15
  • Parcel: 15 15528-0000-00266
  • Block: 15528
  • Lot: 266
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3945
  • Longitude: -74.3134

    Address

  • Full Address: 27 Grace Dr
  • Address - House Number: 27
  • Address - Street Name: Grace
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C028
  • 4-Digit Zip Code: 2553
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $789,593

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 569,323
  • High Value: 664,980
  • Low Value: 473,666

    Market Valuation

  • Market Total Value: $153,900
  • Market Land Value: $69,500
  • Market Improvement Value: $84,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,900
  • Assessed Land Value: $69,500
  • Assessed Improvements Value: $84,400

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 1974
  • Current Sale Recording Date: Jul 30, 1974
  • Current Sale Price:
    Premium
  • Current 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 Old Bridge

Stats & Trends

Median Asking:

$637,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1630 ft²

Average Home Age

58.3 years

Currently For Sale

38 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 337 Devon Place, Morganville, NJ, 07751

$5,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,092 ft²
337 Devon Place, Morganville, NJ, 07751 Listing by Rachna Tschand
Unit for rent at 76 Foxwood Place, Morganville, NJ, 07751

$3,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,868 ft²
76 Foxwood Place, Morganville, NJ, 07751 Listing by Sheryl Kerner
Unit for rent at 398 Hampton Place, Morganville, NJ, 07751

$2,800 /mo

  • 2 Beds
  • 2 Baths
398 Hampton Place, Morganville, NJ, 07751 Listing by Nicholas Vaughan

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: MICHELLE ANDERSON
NEXTHOME ZENITH
Last Updated: 2 months ago
Data Source: CJMLS , MLS# 2704695R

Frequently Asked Questions

When was property at 27 Grace Drive built and last sold?
The property at 27 Grace Drive was built in 1958 and last sold on Jul 30, 1974 for $38,500.
How much is this home worth?
The estimated value of the home located at 27 Grace Drive is $578,413.
What are some comparable homes to 27 Grace Drive?
There are currently no comparable homes to 27 Grace Drive.
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