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Somerset 08876
3 Cherokee Path
$775,000
● House - Off Market

3 Cherokee Path

Branchburg Twp., NJ 08876
bedrooms
3 Beds
bathrooms
2.1 Baths
$3,834
Est. Monthly
$156
HOA / Fees
4.88%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$156
Year Built
1988

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: 3 years ago (GSMLS #3893165)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 10, 2024 In contract -
In contract

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 10,215
  • Total Building Area: 2,221
  • Building Area: 2,221
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,221
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Branchburg Township School District
  • Census Tract: 053604

Zoning

  • Zoning: MDR

Geography

  • Assessors Map Reference: TAX MAP 22
  • District: 05
  • Parcel: 05 00017- 11-00039
  • Block: 17.11
  • Lot: 39
  • Municipality: BRANCHBURG TWP
  • Latitude: 40.5891
  • Longitude: -74.7127

    Address

  • Full Address: 3 Cherokee Path
  • Address - House Number: 3
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Path
  • State: NJ
  • City Name: Branchburg
  • Carrier Code: C079
  • 4-Digit Zip Code: 5482
  • Zip Code: 08876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,079,380

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 715,571
  • High Value: 824,442
  • Low Value: 606,700

    Market Valuation

  • Market Total Value: $591,753
  • Market Land Value: $169,351
  • Market Improvement Value: $422,402

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,900
  • Assessed Land Value: $165,100
  • Assessed Improvements Value: $411,800

    Sales

  • Current Sale Contract Date: Jun 29, 2006
  • Current Sale Recording Date: Jul 28, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 20, 1988
  • Previous Sale Contract Date: Jul 01, 1988
  • Previous Sale Amount: $263,000
  • 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 Somerset

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$342

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1159 ft²

Average Home Age

39.2 years

Currently For Sale

711 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 309 Saratoga Ct Ondo, Branchburg Twp., 08876-3886

$3,400 /mo

  • 2 Beds
  • 3 Baths
309 Saratoga Ct Ondo, Branchburg Twp., 08876-3886 Listing by NICOLE PALMERI
Unit for rent at 46 Buffalo Hollow Rd, Branchburg Twp., 08876

$3,100 /mo

  • 3 Beds
  • 2 Baths
46 Buffalo Hollow Rd, Branchburg Twp., 08876 Listing by SIU Y. WONG

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3893165
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. 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 3 Cherokee Path built and last sold?
The property at 3 Cherokee Path was built in 1988 and last sold on Jun 29, 2006 for $550,000.
How much is this home worth?
The estimated value of the home located at 3 Cherokee Path is $0.
What are some comparable homes to 3 Cherokee Path?
There are currently no comparable homes to 3 Cherokee Path.
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