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Spotswood 08884
285 Devoe Avenue
$465,000
● House - Off Market

285 Devoe Avenue

Monroe, NJ 08831
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$473,704
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Just move right in this updated 3 bedroom ranch with a full basement on a 100x100 corner lot! Upgrades include a newer roof (2018), newer central air conditioning (2022), newer furnace (2017), newer patio (2020), newer backdoor and slider (2023), newer dining room window (2023) and newer washer (2022). The kitchen, featuring a farm sink, was remodeled in 2019 and both baths are updated. Home also features hard wood floors throughout and newer ceramic tile in the kitchen and full bath. Conveniently located near all major highways and transportation to NYC!
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1962

Payment Calculator

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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: 4 years ago (CJMLS #2311769R)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
Jun 8, 2023 In contract -
In contract
May 4, 2023 Listed by RE/MAX COUNTRY $475,000
Listed by RE/MAX COUNTRY

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLEBY ESTATES SEC A
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Spotswood Borough School District
  • Census Tract: 008101

Zoning

  • Zoning: NC

Geography

  • District: 12
  • Parcel: 12 00183-0000-00023
  • Block: 183
  • Lot: 23
  • Municipality: MONROE TWP
  • Latitude: 40.3826
  • Longitude: -74.3884

    Address

  • Full Address: 285 De Voe Ave
  • Address - House Number: 285
  • Address - Street Name: De Voe
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Monroe Township
  • Carrier Code: C026
  • 4-Digit Zip Code: 8371
  • Zip Code: 08831

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $665,387

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 461,390
  • High Value: 538,913
  • Low Value: 383,868

    Market Valuation

  • Market Total Value: $250,900
  • Market Land Value: $142,000
  • Market Improvement Value: $108,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,900
  • Assessed Land Value: $142,000
  • Assessed Improvements Value: $108,900

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 40160
  • Previous Sale Recording Date: Dec 28, 2017
  • Previous Sale Contract Date: Nov 30, 2017
  • Previous Sale Amount: $290,000
  • 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 Spotswood

Stats & Trends

Median Asking:

$499,950

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1446 ft²

Average Home Age

61.4 years

Currently For Sale

25 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 4 Main Street, East Brunswick, NJ, 08816

$3,450 /mo

  • 4 Beds
  • 2 Baths
4 Main Street, East Brunswick, NJ, 08816 Listing by PAUL MIKHAIL
Unit for rent at 101 Lettau Drive, Spotswood, NJ, 08884

$3,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,056 ft²
101 Lettau Drive, Spotswood, NJ, 08884 Listing by Daniel Mariano

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: FRANK CALANDRUCCIO
RE/MAX COUNTRY
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2311769R

Frequently Asked Questions

When was property at 285 Devoe Avenue built and last sold?
The property at 285 Devoe Avenue was built in 1962 and last sold on Jul 7, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 285 Devoe Avenue is $0.
What are some comparable homes to 285 Devoe Avenue?
There are currently no comparable homes to 285 Devoe Avenue.
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