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Strathmore 07747
29 Ormont Lane
Photo of 29 Ormont Lane
Sold on Aug 28, 2026

32

Map

Photo of 29 Ormont Lane
Photo of 29 Ormont Lane
$680,000
● House - Off Market

29 Ormont Lane

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,497 Ft²
$3,974
Est. Monthly

About This Property

Welcome to this beautifully maintained 4-bedroom, 2-bath Cape Cod nestled in the desirable Strathmore commmunity offering comfort, style, and numerous major updates. Features include a newer roof (2018), hot water heater (2025), replaced sewer line with transferable 5-year warranty (2025), central air, alarm system, and six-zone sprinkler system. The inviting living room showcases porcelain tile flooring and decorative beams, leading to a spacious eat-in kitchen with white shaker cabinetry, crown molding, recessed lighting, Bosch dishwasher, GE Profile refrigerator, breakfast bar, and slider to a screened-in porch with electric service. Enjoy outdoor living in the professionally landscaped, fully fenced yard featuring a paver patio, rock garden, SimTek fencing, and matching storage shed. Additional highlights include a finished garage, generous bedroom sizes, vaulted ceilings, skylight, ample storage, and a flexible floor plan perfect for today's lifestyle. Seconds away from NYC Bus, supermarket, shops, restaurants, 2 miles to train, close to GSP and all major roadways.
Unit Size
1,497 Ft²
Days on Market
74 days
Land Size
0.19 acres
Price per sqft
$418
Property Type
House
Property Taxes
$904
HOA Dues
-
Year Built
1961

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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 #2617482R)

Price History

Date / Event Date Event Price
Aug 28, 2026 Sold
Premium
Sold
Jun 28, 2026 In contract -
In contract
Jun 15, 2026 Listed by RE/MAX INNOVATION $625,000
Listed by RE/MAX INNOVATION

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,176
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,497
  • Building Area: 1,497
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 1,497
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

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

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 802900

Zoning

  • Zoning: PC

Geography

  • Assessors Map Reference: TAX MAP 16
  • District: 01
  • Parcel: 01 00093-0000-00011
  • Block: 93
  • Lot: 11
  • Municipality: ABERDEEN TWP
  • Latitude: 40.3953
  • Longitude: -74.2255

    Address

  • Full Address: 29 Ormont Ln
  • Address - House Number: 29
  • Address - Street Name: Ormont
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C011
  • 4-Digit Zip Code: 2106
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $939,021

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 531,129
  • High Value: 625,424
  • Low Value: 436,833

    Market Valuation

  • Market Total Value: $439,000
  • Market Land Value: $297,100
  • Market Improvement Value: $141,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,000
  • Assessed Land Value: $297,100
  • Assessed Improvements Value: $141,900

    Sales

  • Current Sale Contract Date: Apr 25, 1988
  • Current Sale Recording Date: Apr 25, 1988
  • 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 Strathmore

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$358

Above Asking

0.00%

Average Days on Market

64

Average Home Size

1464 ft²

Average Home Age

53.9 years

Currently For Sale

14 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 54 Waterford Avenue, Morganville, NJ, 07751

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,939 ft²
54 Waterford Avenue, Morganville, NJ, 07751 Listing by Carrie Moyer
Unit for rent at 126 Main Street, Matawan, NJ, 07747

$2,360 /mo

  • 1 Bed
  • 1 Bath
  • 720 ft²
126 Main Street #315, Matawan, NJ, 07747 Listing by Nikita Bhasin
Unit for rent at 411 Atlantic Avenue, Aberdeen, NJ, 07747

$2,700 /mo

  • 3 Beds
  • 1 Bath
411 Atlantic Avenue #B, Aberdeen, NJ, 07747 Listing by Joseph Ciaglia

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: SUSAN MARCRIE
RE/MAX INNOVATION
Last Updated: 2 months ago
Data Source: CJMLS , MLS# 2617482R

Frequently Asked Questions

When was property at 29 Ormont Lane built and last sold?
The property at 29 Ormont Lane was built in 1961 and last sold on Apr 25, 1988 for $170,000.
How much is this home worth?
The estimated value of the home located at 29 Ormont Lane is $629,569.
What are some comparable homes to 29 Ormont Lane?
There are currently no comparable homes to 29 Ormont Lane.
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