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Somerset 08502
439 Millstone River Road
$587,500
● House - Off Market

439 Millstone River Road

Hillsborough, NJ 08502
bedrooms
4 Beds
bathrooms
3 Baths
$575,404
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Dreaming of open space? Enjoy terrific room sizes in this 1800's farmhouse-style home! Updated kitchen with stainless steel appliances and large breakfast bar, wood floors throughout most other rooms, 4 bedrooms (one on the first floor), 3 full baths, a library/office, huge living room with fireplace and nearly 1.3 acres of property. Be advised, flood insurance is required here. Great garden area as well, for those in touch with the earth! Come & see for yourself!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$738
HOA Dues
-
Year Built
1800

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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 years ago (CJMLS #2302331R)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Aug 15, 2022 Listed by BETTER HOMES&GARDENS RE MATURO $549,900
Listed by BETTER HOMES&GARDENS RE MATURO

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • 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: 56,192
  • Total Building Area: 3,114
  • Building Area: 3,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,114
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001290
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053904

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 48
  • Account Number: 00002037
  • District: 13
  • Parcel: 13 23001-0000-00003- 01
  • Block: 23001
  • Lot: 3.01
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.4327
  • Longitude: -74.6206

    Address

  • Full Address: 439 Millstone River Rd
  • Address - House Number: 439
  • Address - Street Name: Millstone River
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R018
  • 4-Digit Zip Code: 5611
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $948,513

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 766,842
  • High Value: 914,581
  • Low Value: 619,104

    Market Valuation

  • Market Total Value: $382,841
  • Market Land Value: $184,029
  • Market Improvement Value: $198,812

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,100
  • Assessed Land Value: $133,200
  • Assessed Improvements Value: $143,900

    Sales

  • Current Sale Contract Date: Oct 10, 2022
  • Current Sale Recording Date: Oct 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 42677
  • Previous Sale Recording Date: Apr 01, 2020
  • Previous Sale Contract Date: Mar 03, 2020
  • Previous Sale Amount: $357,000
  • 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 Somerset

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$340

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1077 ft²

Average Home Age

38.2 years

Currently For Sale

718 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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CJMLS

Listed by: ARTHUR NAPOLITANO
BETTER HOMES&GARDENS RE MATURO
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2302331R

Frequently Asked Questions

When was property at 439 Millstone River Road built and last sold?
The property at 439 Millstone River Road was built in 1800 and last sold on Oct 10, 2022 for $587,500.
How much is this home worth?
The estimated value of the home located at 439 Millstone River Road is $0.
What are some comparable homes to 439 Millstone River Road?
There are currently no comparable homes to 439 Millstone River Road.
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