Morris
3418 Appleton Way
$400,000
●
Condo -
Off Market
3418 Appleton Way
Hanover, NJ 07981
1 Bed
1 Bath,
1
Half Bath
1,166 Ft²
$2,590
Est. Monthly
$475
HOA / Fees
3.87%
Cap Rate
About This Property
BEST AND FINAL 4/10 12PM. Situated in the highly desirable
community of Eden Lane this beautiful top floor corner unit condo
offers a fantastic blend of comfort, convenience, and amenities.
Residents can enjoy access to a swimming pool, playground, and
other community perks with private storage space.
This bright and airy unit boasts 1 bedroom, 1.5 baths, and a versatile bonus room or office on the first level, perfect for remote work or additional living space. The galley-style kitchen is efficiently designed and located next to the dining area, allowing for easy entertaining. Large windows throughout the home bring in an abundance of natural light, enhancing the warm and inviting atmosphere. The spacious primary bedroom features a generous full bathroom, providing a private retreat. A laundry area within the unit adds additional convenience. With its prime location, this condo is perfect for commuters, offering quick access to major highways, shopping centers, restaurants, and everyday conveniences.
This bright and airy unit boasts 1 bedroom, 1.5 baths, and a versatile bonus room or office on the first level, perfect for remote work or additional living space. The galley-style kitchen is efficiently designed and located next to the dining area, allowing for easy entertaining. Large windows throughout the home bring in an abundance of natural light, enhancing the warm and inviting atmosphere. The spacious primary bedroom features a generous full bathroom, providing a private retreat. A laundry area within the unit adds additional convenience. With its prime location, this condo is perfect for commuters, offering quick access to major highways, shopping centers, restaurants, and everyday conveniences.
Unit Size
1,166 Ft²
Days on Market
73 days
Land Size
0.10 acres
Price per sqft
$300
Property Type
Condo
Property Taxes
$396
HOA Dues
$475
Year Built
1993
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: 2 years ago (MOMLS #22509366)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | In contract | - | |
| In contract | |||
| Apr 2, 2025 | Listed by EXP Realty | $349,999 | |
| Listed by EXP Realty | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Common, None
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Flooring Type: Carpet, Ceramic Tile
Basement: Other
Exterior Details
Has Property Attached
Square Footage: 1166
Year Built: 1993
Building Area Total: 1166
Levels: 2 Story
Lot Size Area: 4356
Lot Size Units: Square Feet
Lot Size Acres: 0.1
Lot Size Square Feet: 4356
Water Source: Public
Financial Details
Tax Assessed Value: $225,300
Tax Annual Amount: $4,749
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Snow Removal, Common Area, Lawn Maintenance, Mgmt Fees
HOA Fee: $475
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/02/2025
| |
1 Bed
|
1 Bath
|
1166 ft²
|
$349,999
1 Bed
1 Bath
1166 ft²
|
$400,000
+14.29%
06/17/2025
|
Jason Eckert
RE/MAX Central
|
Building Info
About Morris
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jason Eckert, EXP Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22509366
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22509366
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017