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Middlesex
38 Simpson Avenue
Photo of 38 Simpson Avenue
Sold on Jun 30, 2026

37

Map

Photo of 38 Simpson Avenue
Photo of 38 Simpson Avenue
$630,000
● House - Off Market

38 Simpson Avenue

Edison, NJ 08817
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,267 Ft²
$3,734
Est. Monthly

About This Property

After 31 proud years, this home is ready for its next chapter. Filled with natural light and thoughtfully refreshed, this custom home offers 4 bedrooms, 1.5 baths and a layout designed for everyday living. The two-car detached garage and generous 69x119 lot add even more opportunity! Features include the refreshed eat in kitchen with custom cabinetry, under mounted lighting and newer appliances...5 inch paved double wide black top driveway...Set in a location that keeps you connected to it all, proximity to Edison, Metropark and Metuchen train stations and then very nearby all major roadways, RWJ hospital, Rutgers University and Middlesex County College, shopping, houses of worship and more!
Unit Size
1,267 Ft²
Days on Market
68 days
Land Size
0.19 acres
Price per sqft
$474
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1922

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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: 4 months ago (CJMLS #2661570M)

Price History

Date / Event Date Event Price
Jun 30, 2026 Sold
Premium
Sold
May 15, 2026 In contract -
In contract
Apr 23, 2026 Listed by EXP REALTY, LLC $599,999
Listed by EXP REALTY, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,211
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 690
  • Total Building Area: 1,267
  • Building Area: 1,267
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,267
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INCL
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001803

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 46
  • District: 05
  • Parcel: 05 00264- 05-00016
  • Block: 264.05
  • Lot: 16
  • Municipality: EDISON TWP
  • Latitude: 40.5013
  • Longitude: -74.3968

    Address

  • Full Address: 38 Simpson Ave
  • Address - House Number: 38
  • Address - Street Name: Simpson
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Edison
  • Carrier Code: C081
  • 4-Digit Zip Code: 4430
  • Zip Code: 08817

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $867,720

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 497,351
  • High Value: 580,915
  • Low Value: 413,786

    Market Valuation

  • Market Total Value: $148,100
  • Market Land Value: $84,200
  • Market Improvement Value: $63,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $148,100
  • Assessed Land Value: $84,200
  • Assessed Improvements Value: $63,900

    Sales

  • Current Sale Contract Date: Aug 16, 1995
  • Current Sale Recording Date: Oct 16, 1995
  • Current Sale Price:
    Premium
  • Current 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 Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1590 ft²

Average Home Age

30.4 years

Currently For Sale

2868 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 235 Montgomery Street, Highland Park, NJ, 08904

$1,900 /mo

  • 1 Bed
  • 1 Bath
235 Montgomery Street #3, Highland Park, NJ, 08904 Listing by LAURA LEVITT
Unit for rent at 237 Montgomery Street, Highland Park, NJ, 08904

$2,300 /mo

  • 2 Beds
  • 1 Bath
237 Montgomery Street #2, Highland Park, NJ, 08904 Listing by LAURA LEVITT
Unit for rent at 67 Oakland Ave, Edison Twp., 08817-4232

$3,200 /mo

  • 3 Beds
  • 2 Baths
67 Oakland Ave, Edison Twp., 08817-4232 Listing by NASCIMENTO DUARTE

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: KATHRYN E. FEDAK
EXP REALTY, LLC
Last Updated: 4 months ago
Data Source: CJMLS , MLS# 2661570M

Frequently Asked Questions

When was property at 38 Simpson Avenue built and last sold?
The property at 38 Simpson Avenue was built in 1922 and last sold on Aug 16, 1995 for $138,900.
How much is this home worth?
The estimated value of the home located at 38 Simpson Avenue is $0.
What are some comparable homes to 38 Simpson Avenue?
There are currently no comparable homes to 38 Simpson Avenue.
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