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Port Reading 07064
3 Gaffney Way
$505,000
● House - Off Market

3 Gaffney Way

Port Reading, NJ 07064
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,659 Ft²
$3,242
Est. Monthly
6.54%
Cap Rate

About This Property

This charming 4-bedroom, 2-full bath residence is a haven of modern comfort. Step inside to discover a thoughtfully designed interior boasting a newer kitchen, contemporary finishes that elevate the heart of the home. The master bath, a luxurious retreat.

This home also features a partial basement, offering additional space for storage or customization to suit your needs. . The fenced-in yard adds an extra layer of privacy and security, creating a perfect space for outdoor activities.
Unit Size
1,659 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$286
Property Type
House
Property Taxes
$909
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: 3 years ago (MOMLS #22331830)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold
Premium
Sold
Nov 16, 2023 Listed by KELLER WILLIAMS WEST MONMOUTH $475,000
Listed by KELLER WILLIAMS WEST MONMOUTH
This charming 4-bedroom, 2-full bath residence is a haven of modern comfort. Step inside to discover a thoughtfully designed interior boasting a newer kitchen, contemporary finishes that elevate the heart of the home. The master bath, a luxurious retreat. This home also features a partial basement, offering additional space for storage or customization to suit your needs. Embrace sustainability with the included solar panels which are leased for $85 per month newly installed not only reducing your environmental footprint but also providing potential energy savings. The fenced-in yard adds an extra layer of privacy and security, creating a perfect space for outdoor activities.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,565
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,659
  • Building Area: 1,659
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,659
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODBRIDGE COLONIAL PARK SEC 0
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Woodbridge Township School District
  • Census Tract: 009101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 102
  • Account Number: 28911
  • District: 25
  • Parcel: 25 01053- 03-00001
  • Block: 1053.03
  • Lot: 1
  • Municipality: WOODBRIDGE TWP
  • Latitude: 40.5742
  • Longitude: -74.2386

    Address

  • Full Address: 3 Gaffney Way
  • Address - House Number: 3
  • Address - Street Name: Gaffney
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Port Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 1212
  • Zip Code: 07064

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,091,198

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 520,698
  • High Value: 608,186
  • Low Value: 433,211

    Market Valuation

  • Market Total Value: $86,500
  • Market Land Value: $22,800
  • Market Improvement Value: $63,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,500
  • Assessed Land Value: $22,800
  • Assessed Improvements Value: $63,700

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8103
  • Previous Sale Recording Date: Aug 17, 2005
  • Previous Sale Contract Date: Jul 29, 2005
  • Previous Sale Amount: $365,000
  • 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 Port Reading

Stats & Trends

Median Asking:

$574,900

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

80

Average Home Size

1144 ft²

Average Home Age

52.9 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 55 Bridge Street, Sewaren, NJ, 07077

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,083 ft²
55 Bridge Street, Sewaren, NJ, 07077 Listing by YOLANDA G. FLORES

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Barbara Berg, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22331830
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 3 Gaffney Way built and last sold?
The property at 3 Gaffney Way was built in 1961 and last sold on Jan 16, 2024 for $505,000.
How much is this home worth?
The estimated value of the home located at 3 Gaffney Way is $488,039.
What are some comparable homes to 3 Gaffney Way?
There are currently no comparable homes to 3 Gaffney Way.
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