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Pine Lake Park 08759
320 Commonwealth Boulevard
$460,000
● House - Off Market

320 Commonwealth Boulevard

Manchester, NJ 08759
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,612 Ft²
$530,497
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Beautiful home located in the Hillside Park section of Manchester Twp is waiting for its new owners. WOW! This home offers a unique, spacious layout as well as TWO owner's suites, each complete with a walk-in closet and  private full bathrooms. There are 3 additional bedrooms all on the second floor. Beautiful 2 story foyer, large kitchen with open floor plan to the family room. Family room features hardwood floors and a gas fireplace. Beautiful expansive yard with inground pool, hot tub and trex decking.  This home is a must see.  Close to shopping and a quick ride to the Jersey Shore.
Unit Size
2,612 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$176
Property Type
House
Property Taxes
$662
HOA Dues
-
Year Built
2000

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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 #22104029)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Feb 12, 2021 Listed by C21/ Action Plus Realty $459,000
Listed by C21/ Action Plus Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,156
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,665
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 790
  • Total Building Area: 2,612
  • Building Area: 2,612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,612
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720204

Zoning

  • Zoning: R10A

Geography

  • Assessors Map Reference: TAX MAP 8.01
  • District: 19
  • Parcel: 19 00042- 02-00003
  • Block: 42.02
  • Lot: 3
  • Municipality: MANCHESTER TWP
  • Latitude: 39.9988
  • Longitude: -74.2771

    Address

  • Full Address: 320 Commonwealth Blvd
  • Address - House Number: 320
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Manchester
  • Carrier Code: R001
  • 4-Digit Zip Code: 5664
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $833,948

    Appraisal Valuation

  • Standard Deviation: 0.2103
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 665,304
  • High Value: 805,254
  • Low Value: 525,354

    Market Valuation

  • Market Total Value: $376,500
  • Market Land Value: $73,000
  • Market Improvement Value: $303,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,500
  • Assessed Land Value: $73,000
  • Assessed Improvements Value: $303,500

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021116459
  • Previous Sale Recording Date: Dec 12, 2000
  • Previous Sale Contract Date: Dec 05, 2000
  • Previous Sale Amount: $223,030
  • 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 Pine Lake Park

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1312 ft²

Average Home Age

41 years

Currently For Sale

68 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

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MOMMLS

Listed by: Tracey Carpe, C21/ Action Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22104029
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 320 Commonwealth Boulevard built and last sold?
The property at 320 Commonwealth Boulevard was built in 2000 and last sold on Jul 22, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 320 Commonwealth Boulevard is $0.
What are some comparable homes to 320 Commonwealth Boulevard?
There are currently no comparable homes to 320 Commonwealth Boulevard.
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