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Middlesex 08857
40 Gate Lane
$642,000
● House - Off Market

40 Gate Lane

Old Bridge, NJ 08857
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$795,298
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Beautiful, move in ready, 4 bed/2.5 bath Colonial in a very desirable community. New Roof (2020), New Marvin Windows w/ Azek accent. Two story open foyer. Brazilian cherrywood hardwood floors in living & dining rooms. Updated baths. Spacious eat in kitchen w/ Granite, 6 foot island, tiled backsplash, under cabinet lighting, & sliding door leading to a paver deck. Large Master Bedroom w/ en-suite bath. Additional approx 800 sqft of living space in the full finished basement. Plenty of storage in the large closets, 2 car garage, & storage room in basement. Professionally landscaped property w/ a 20x42 foot inground pool - new 25 year liner & new motor (2020). Development has tennis court, playground, excellently kept grounds. Close to NYC Bus, major roads, restaurants, shopping,

parks,...
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$993
HOA Dues
$42
Year Built
2001

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 #22035523)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Oct 3, 2020 Listed by RE/MAX Central $600,000
Listed by RE/MAX Central

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,410
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,260
  • Building Area: 2,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MATCHAPONIX HILLS SEC 03
  • Land Acres: 0000000284
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007702

Zoning

  • Zoning: R120

Geography

  • Assessors Map Reference: TAX MAP 2413
  • Account Number: 05916132
  • District: 15
  • Parcel: 15 24100-0000-00032
  • Block: 24100
  • Lot: 32
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3543
  • Longitude: -74.3645

    Address

  • Full Address: 40 Gate Ln
  • Address - House Number: 40
  • Address - Street Name: Gate
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: R005
  • 4-Digit Zip Code: 4128
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,249,148

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 777,681
  • High Value: 908,777
  • Low Value: 646,585

    Market Valuation

  • Market Total Value: $236,000
  • Market Land Value: $71,800
  • Market Improvement Value: $164,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,000
  • Assessed Land Value: $71,800
  • Assessed Improvements Value: $164,200

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Dec 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020124502
  • Previous Sale Recording Date: Jul 23, 2001
  • Previous Sale Contract Date: Jun 29, 2001
  • Previous Sale Amount: $283,550
  • 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 Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1542 ft²

Average Home Age

12.9 years

Currently For Sale

2916 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 1 Audrey Street, Old Bridge, NJ, 08857

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 2,404 ft²
1 Audrey Street, Old Bridge, NJ, 08857 Listing by SUREKHA RAGHURAM
Unit for rent at 3 11 Th Avenue, Monroe, NJ, 08831

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
3 11 Th Avenue, Monroe, NJ, 08831 Listing by KAREN MOSES

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lori Bocchieri-Bennett, RE/MAX Central
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22035523
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 40 Gate Lane built and last sold?
The property at 40 Gate Lane was built in 2001 and last sold on Nov 20, 2020 for $642,000.
How much is this home worth?
The estimated value of the home located at 40 Gate Lane is $0.
What are some comparable homes to 40 Gate Lane?
There are currently no comparable homes to 40 Gate Lane.
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