by RHP Realty
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Old Bridge 08857
316 Herbert Avenue
$251,000
● House - Off Market

316 Herbert Avenue

Old Bridge, NJ 08857
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$395,882
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Fabulous neighborhood, well maintained cape with full front dormer & spacious rooms located on a quiet street. Brand new roof (2017) & freshly painted shutters. Newer gas furnace (2013), central air (2013) and hot water heater (2012). First floor offers living-room, dining room/den, master bedroom, kitchen with island, eat in area addition & full bath. Full basement partially finished, great as recreation/family room. Half bath on 2nd floor. Fenced yard. Easy access NYC bus &public transportation. Close to major highways, schools and more. Hardwood under carpet in LR, hall & master bedroom. Quick closing available, priced to sell in as is condition.  **Inside photos to come!
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #1805417)

Price History

Date / Event Date Event Price
Dec 11, 2017 Sold
Premium
Sold
Oct 13, 2017 Listed by RE/MAX PREMIER $249,900
Listed by RE/MAX PREMIER

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADISON REALTY CO
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007703

Zoning

  • Zoning: R7

Geography

  • Assessors Map Reference: TAX MAP 2616
  • Account Number: 16762000
  • District: 15
  • Parcel: 15 26039-0000-00027
  • Block: 26039
  • Lot: 27
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4011
  • Longitude: -74.364

    Address

  • Full Address: 316 Herbert Ave
  • Address - House Number: 316
  • Address - Street Name: Herbert
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 1124
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $614,517

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 451,529
  • High Value: 534,836
  • Low Value: 368,221

    Market Valuation

  • Market Total Value: $116,100
  • Market Land Value: $44,000
  • Market Improvement Value: $72,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,100
  • Assessed Land Value: $44,000
  • Assessed Improvements Value: $72,100

    Sales

  • Current Sale Contract Date: Dec 11, 2017
  • Current Sale Recording Date: Jan 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201800002376
  • Previous Sale Recording Date: May 24, 1955
  • Previous Sale Contract Date: May 24, 1955
  • 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:

$647,000

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

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: JAN HOMPESCH
RE/MAX PREMIER
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 1805417

Frequently Asked Questions

When was property at 316 Herbert Avenue built and last sold?
The property at 316 Herbert Avenue was built in 1955 and last sold on Dec 11, 2017 for $251,000.
How much is this home worth?
The estimated value of the home located at 316 Herbert Avenue is $0.
What are some comparable homes to 316 Herbert Avenue?
There are currently no comparable homes to 316 Herbert Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Middlesex Homes for Sale
Middlesex Houses for Sale
Middlesex Condos for Sale
Middlesex Co-Ops for Sale
Middlesex Townhouses for Sale
Middlesex Multifamily for Sale
Middlesex Land for Sale
Middlesex Commercial for Sale
Nearby Cities
New York Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Yonkers Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Trenton Homes for Sale
Crestwood Village Homes for Sale
Nearby Property Records
Middlesex County, NJ Property Records
Somerset County, NJ Property Records
Union County, NJ Property Records
Mercer County, NJ Property Records
Monmouth County, NJ Property Records
Essex County, NJ Property Records
Hunterdon County, NJ Property Records
Morris County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Ocean Homes for Sale
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Essex Homes for Sale
Mercer Homes for Sale
Bergen Homes for Sale
Top Real Estate Agents
Top Agents in Middlesex
Top Agents in New York
Top Agents in Ocean
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Essex