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Matawan 07747
37 Somerset Place
$899,000
● House - Off Market

37 Somerset Place

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,542 Ft²
$929,487
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Welcome to this amazing 4-bedroom 2.5 bath center hall colonial in prestigious Magnolia Manor! Situated on a quiet, private street at the entrance to a cul-de-sac, this house features a full basement, large 2-car garage, and a tranquil, vacation-like backyard with heated pool, attached spa, and expansive paver patio for endless entertaining. Enter inside to find a grand foyer with winding staircase and crystal chandelier. The open concept living room/kitchen space, sitting room, formal dining room, first floor office, and kitchen alcove with slider to the rear patio are all drenched in natural light. Upstairs features primary bedroom with updated primary bathroom, additional entertaining room, and 3 large bedrooms for the whole family. This house and location have so much to offer!
Unit Size
3,542 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$254
Property Type
House
Property Taxes
$1,581
HOA Dues
-
Year Built
1991

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22213930)

Price History

Date / Event Date Event Price
Aug 12, 2022 Sold
Premium
Sold
May 10, 2022 Listed by EXP Realty $899,000
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,478
  • Garage Type: 10
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 102
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 5,550
  • Lot Size Depth Feet: 2,220
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,230
  • Building Area: 3,230
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,230
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 803000

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 31
  • District: 31
  • Parcel: 31 00123-0000-00033- 02
  • Block: 123
  • Lot: 33.02
  • Municipality: MATAWAN BORO
  • Latitude: 40.3933
  • Longitude: -74.2356

    Address

  • Full Address: 37 Somerset Pl
  • Address - House Number: 37
  • Address - Street Name: Somerset
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C026
  • 4-Digit Zip Code: 3449
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,864,205

    Appraisal Valuation

  • Standard Deviation: 0.1634
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 981,580
  • High Value: 1,142,037
  • Low Value: 821,123

    Market Valuation

  • Market Total Value: $857,500
  • Market Land Value: $315,700
  • Market Improvement Value: $541,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $857,500
  • Assessed Land Value: $315,700
  • Assessed Improvements Value: $541,800

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 85157

    Financing

  • First Mortgage Financing Type: ADJ
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 Matawan

Stats & Trends

Median Asking:

$635,000

Sale Price/ft²

$349

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1600 ft²

Average Home Age

63.8 years

Currently For Sale

17 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 54 Waterford Avenue, Morganville, NJ, 07751

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,939 ft²
54 Waterford Avenue, Morganville, NJ, 07751 Listing by Carrie Moyer

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joseph Ossichak, EXP Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22213930
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 37 Somerset Place built and last sold?
The property at 37 Somerset Place was built in 1991 and last sold on Jul 1, 2022 for $899,000.
How much is this home worth?
The estimated value of the home located at 37 Somerset Place is $0.
What are some comparable homes to 37 Somerset Place?
There are currently no comparable homes to 37 Somerset Place.
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