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Union
47 Shetland Drive
$590,000
● House - Off Market

47 Shetland Drive

Clark, NJ 07066
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$3,443
Est. Monthly
5.91%
Cap Rate

About This Property

Looking to move to Clark?  This charming Cape Cod home boasts 4 spacious bedrooms, two bathrooms, full basement and a garage... and it is nestled in a wonderful, desirable neighborhood. This home offers fantastic potential and is ready for you to add your own customization and enhancements to make it your own.  Generous size lot compliments this home.  Conveniently located near shopping, schools and transportation.

C of O is responsibility of the buyer.  This is an ''AS IS'' Sale.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$401
Property Type
House
Property Taxes
$796
HOA Dues
-
Year Built
1958

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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 #22408481)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Premium
Sold
Mar 28, 2024 Listed by Keller Williams Realty Central Monmouth $539,000
Listed by Keller Williams Realty Central Monmouth

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,557
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 810
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Clark Township School District
  • Census Tract: 036200

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 02
  • Parcel: 02 00045-0000-00006
  • Block: 45
  • Lot: 6
  • Municipality: CLARK TWP
  • Latitude: 40.6168
  • Longitude: -74.3073

    Address

  • Full Address: 47 Shetland Dr
  • Address - House Number: 47
  • Address - Street Name: Shetland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Clark
  • Carrier Code: C046
  • 4-Digit Zip Code: 2310
  • Zip Code: 07066

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $954,624

    Appraisal Valuation

  • Standard Deviation: 0.0971
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 552,587
  • High Value: 606,272
  • Low Value: 498,903

    Market Valuation

  • Market Total Value: $437,700
  • Market Land Value: $291,900
  • Market Improvement Value: $145,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,700
  • Assessed Land Value: $291,900
  • Assessed Improvements Value: $145,800

    Sales

  • Current Sale Contract Date: Apr 14, 2006
  • Current Sale Recording Date: May 18, 2006
  • 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 Union

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$349

Below Asking

0.01%

Average Days on Market

71

Average Home Size

679 ft²

Average Home Age

-

Currently For Sale

899 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 895 Madison Avenue, Rahway, NJ, 07065

$3,450 /mo

  • 3 Beds
  • 3 Baths
  • 1,561 ft²
895 Madison Avenue, Rahway, NJ, 07065 Listing by SABA YASMIN
Unit for rent at 19 David Court, Colonia, NJ, 07067

$3,800 /mo

  • 5 Beds
  • 2 Baths
19 David Court, Colonia, NJ, 07067 Listing by JENNY SCASSERA

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lori Eipel, Keller Williams Realty Central Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22408481
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 47 Shetland Drive built and last sold?
The property at 47 Shetland Drive was built in 1958 and last sold on Apr 14, 2006 for $439,000.
How much is this home worth?
The estimated value of the home located at 47 Shetland Drive is $539,967.
What are some comparable homes to 47 Shetland Drive?
There are currently no comparable homes to 47 Shetland Drive.
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