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New Egypt 08533
32 Main Street
$153,000
● House - Off Market

32 Main Street

New Egypt, NJ 08533
bedrooms
3 Beds
bathrooms
1 Bath
square feet
931 Ft²
$1,184
Est. Monthly
18.54%
Cap Rate

About This Property

Home looking for a new owner. 3 bed 1 bath Colonial conveniently located within walking distance of grocery and all downtown stores. Needs some TLC and is being sold strictly ''AS IS''. Nice starter home or for retirement. Call to make appointment, 24 hours needed, tenant occupied.
Unit Size
931 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$193
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1920

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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 #22318755)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 22, 2023 In contract -
In contract
Nov 12, 2023 Relisted $179,900
Relisted
Oct 20, 2023 In contract -
In contract
Sep 28, 2023 Price Decreased $179,900
↓ $18K (8.9%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 330
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,030
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 290
  • Total Building Area: 931
  • Building Area: 931
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 931
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000047
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Plumsted Township School District
  • Census Tract: 718000

Zoning

  • Zoning: C4

Geography

  • Assessors Map Reference: TAX MAP 10.2
  • District: 24
  • Parcel: 24 00018-0000-00011- 04
  • Block: 18
  • Lot: 11.04
  • Municipality: PLUMSTED TWP
  • Latitude: 40.0676
  • Longitude: -74.5309

    Address

  • Full Address: 32 Main St
  • Address - House Number: 32
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NJ
  • City Name: New Egypt
  • Carrier Code: C002
  • 4-Digit Zip Code: 1404
  • Zip Code: 08533

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $359,824

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 170,343
  • High Value: 185,701
  • Low Value: 154,985

    Market Valuation

  • Market Total Value: $129,900
  • Market Land Value: $68,000
  • Market Improvement Value: $61,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,900
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $61,900

    Sales

  • Current Sale Contract Date: Jan 24, 2024
  • Current Sale Recording Date: Feb 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9354
  • Previous Sale Recording Date: Apr 24, 2002
  • Previous Sale Contract Date: Mar 29, 2002
  • Previous Sale Amount: $72,000
  • 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 New Egypt

Stats & Trends

Median Asking:

$451,250

Sale Price/ft²

$288

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1897 ft²

Average Home Age

49.7 years

Currently For Sale

15 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 19 N Main Street, NEW EGYPT, NJ, 08533

$2,000 /mo

  • 2 Beds
  • 1 Bath
19 N Main Street #25A, NEW EGYPT, NJ, 08533 Listing by CARLA COLUCCI
Unit for rent at 114 Cookstown New Egypt Road, Wrightstown, NJ, 08562

$1,675 /mo

  • 2 Beds
  • 1 Bath
114 Cookstown New Egypt Road #C7, Wrightstown, NJ, 08562 Listing by Samara P O'Neill

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Carol-Ann A Conner, Mulcahy-Holmes Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22318755
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 32 Main Street built and last sold?
The property at 32 Main Street was built in 1920 and last sold on Jan 24, 2024 for $153,062.
How much is this home worth?
The estimated value of the home located at 32 Main Street is $184,768.
What are some comparable homes to 32 Main Street?
There are currently no comparable homes to 32 Main Street.
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