$345,900
●
House -
Off Market
427 DEMOCRAT RD
GIBBSTOWN, NJ 08027
4 Beds
1 Bath
1,638 Ft²
$1,645
Est. Monthly
About This Property
Welcome to Greenwich Township. This 1700 square foot 4 bedroom 1
bath cape cod is ready for someone to love it. Enter the
front door into a foyer area which leads into the living room.
Through the living room you will enter your open concept
kitchen/dining room. This farmhouse kitchen is beautiful. Custom
range hood, all stainless steel appliances, custom island and
butcher block counters compliment each other. Off the dining room
you will find the full bath in the home. One bedroom is located on
the first floor. Upstairs you will find three additional bedrooms.
New flooring and carpeting throughout. New roof, new AC,
electric and plumbing. Detached garage is located in the back
of the home. Garage can fit 4 cars. It has working electric
garage door opener. East Greenwich school district. Close to
all major highways. Super low taxes. Make appointment today. ask me
about the first time homebuyers program $10,000 towards closing
cost.
Unit Size
1,638 Ft²
Days on Market
37 days
Land Size
0.22 acres
Price per sqft
$204
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1948
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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 (Bright MLS #NJGL2040272)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | In contract | - | |
| In contract | |||
| Apr 27, 2024 | Price Decreased |
$334,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Apr 8, 2024 | Price Decreased |
$339,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Apr 1, 2024 | Price Decreased |
$349,900
↓ $10K
(2.8%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About Gibbstown
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Listed by: Alexandra Convery
HomeSmart First Advantage Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJGL2040272
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
HomeSmart First Advantage Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJGL2040272
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