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Morganville 07751
356 Texas Road
$200,000
● Land - Off Market

356 Texas Road

Morganville, NJ 07751
bedrooms
Studio
bathrooms
0 Bath
$453,818
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Possible 4 lot subdivision in a quite location in northern Marlboro (Morganville section). Engineering drawings have been completed. All public utilities at street. Property is adjacent to Ryers Land and Abuts the Henry Hudson trail. Possible owner participation in various forms.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$777
HOA Dues
-
Year Built
1985

Payment Calculator

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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 #21639347)

Price History

Date / Event Date Event Price
Sep 6, 2018 Sold
Premium
Sold
Oct 11, 2016 Listed by Gloria Nilson & Co. Real Estate $299,999
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 102,366
  • Total Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002350
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Marlboro Township School District
  • Census Tract: 802900

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: TAX MAP 4
  • District: 30
  • Parcel: 30 00111-0000-00001
  • Block: 111
  • Lot: 1
  • Municipality: MARLBORO TWP
  • Latitude: 40.3919
  • Longitude: -74.2456

    Address

  • Full Address: 356 Texas Rd
  • Address - House Number: 356
  • Address - Street Name: Texas
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Matawan
  • Carrier Code: R002
  • 4-Digit Zip Code: 9756
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $714,544

    Appraisal Valuation

  • Standard Deviation: 0.1364
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 423,569
  • High Value: 481,377
  • Low Value: 365,762

    Market Valuation

  • Market Total Value: $296,000
  • Market Land Value: $188,700
  • Market Improvement Value: $107,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,000
  • Assessed Land Value: $188,700
  • Assessed Improvements Value: $107,300

    Sales

  • Current Sale Contract Date: Mar 05, 2019
  • Current Sale Recording Date: Mar 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2019020263
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 Morganville

Stats & Trends

Median Asking:

$824,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

76

Average Home Size

2733 ft²

Average Home Age

43.8 years

Currently For Sale

16 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

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MOMMLS

Listed by: Graeme W Atkinson, Gloria Nilson & Co. Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21639347
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 356 Texas Road built and last sold?
The property at 356 Texas Road was built in 1985 and last sold on Mar 5, 2019 for $93,000.
How much is this home worth?
The estimated value of the home located at 356 Texas Road is $302,999.
What are some comparable homes to 356 Texas Road?
There are currently no comparable homes to 356 Texas Road.
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