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Old Bridge 08857
29 Mercer Road
$425,000
● House - Off Market

29 Mercer Road

Old Bridge, NJ 08857
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$650,292
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

MOVE IN READY AND MOVE IN HAPPY!Stunning and spacious 3 bedroom with additional 4th bedroom in basement with added living space. Staycation backyard. It is always a pleasure to buy from an owner with great taste & great pride.Open concept new kitchen, stainless steel appliances,fabulous light fixtures,Antico Bianco granite counters, white stone backsplash, large Island has seating for your family or serve a feast in the enormous formal dining room with beautiful fireplace as the focal point. Generator hook up, total indoor-outdoor security surveillance system, porcelian tiles floor in basement,stucco front classy curb appeal with lovely front porch. The move in ready home you have been searching for is right here! Highly sought after schools nationally recognized.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1960

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: 2 years ago (MOMLS #21817453)

Price History

Date / Event Date Event Price
Jun 15, 2018 Sold
Premium
Sold
May 5, 2018 Listed by Keller Williams Realty West Monmouth $429,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 8,190
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 780
  • Total Building Area: 1,402
  • Building Area: 1,402
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,402
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEDY HEIGHTS
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007704

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 1817
  • Account Number: 13993000
  • District: 15
  • Parcel: 15 18035-0000-00012
  • Block: 18035
  • Lot: 12
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3994
  • Longitude: -74.354

    Address

  • Full Address: 29 Mercer Rd
  • Address - House Number: 29
  • Address - Street Name: Mercer
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C005
  • 4-Digit Zip Code: 1316
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,317

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 516,867
  • High Value: 603,711
  • Low Value: 430,024

    Market Valuation

  • Market Total Value: $137,600
  • Market Land Value: $54,600
  • Market Improvement Value: $83,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,600
  • Assessed Land Value: $54,600
  • Assessed Improvements Value: $83,000

    Sales

  • Current Sale Contract Date: Jun 14, 2018
  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201800053513
  • Previous Sale Recording Date: Dec 07, 2012
  • Previous Sale Contract Date: Oct 24, 2012
  • Previous Sale Amount: $312,000
  • 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 Old Bridge

Stats & Trends

Median Asking:

$645,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1639 ft²

Average Home Age

60.4 years

Currently For Sale

54 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 23 Harrison Avenue, East Brunswick, NJ, 08816

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,165 ft²
23 Harrison Avenue, East Brunswick, NJ, 08816 Listing by NERTILA KLOBUCISTA
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: Joanna Renner, Keller Williams Realty West Monmouth
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21817453
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 29 Mercer Road built and last sold?
The property at 29 Mercer Road was built in 1960 and last sold on Jun 14, 2018 for $425,000.
How much is this home worth?
The estimated value of the home located at 29 Mercer Road is $433,290.
What are some comparable homes to 29 Mercer Road?
There are currently no comparable homes to 29 Mercer Road.
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