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Old Bridge 08857
48 Madison Avenue
$335,000
● House - Off Market

48 Madison Avenue

Old Bridge, NJ 08857
bedrooms
3 Beds
bathrooms
1 Bath
$313,236
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Home sold as-is. Owner will make NO repairs. Overall good condition but does need work. Cash/Conventional, great for an investor or buyer that is not afraid to do updates. Very private location! block 26047 lots 13-17and 185-187.. Irregular large lot, dimensions off tax record. 99x48x124x99x43, Image in pictures. Property goes beyond the fence. APPROX. 1300 sq ft home, floor plan drawing in pictures. Newer appliances, less then one year old HWH. Main house has FHA Gas heat, second floor and front room has electric baseboard. Laundry room off kitchen. Tons of potential.  Photos to come. Owner in process of packing. Limited showing times as per owner and must be confirmed. Ready to go!! Show and sell
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1920

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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 #2313591R)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jul 13, 2023 In contract -
In contract
Jun 14, 2023 Listed by ERA CENTRAL LEVINSON $315,000
Listed by ERA CENTRAL LEVINSON

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 13,678
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD BRIDGE REALTY CO
  • Land Acres: 0000000314
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 186-187,13-17

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007703

Zoning

  • Zoning: CN

Geography

  • Assessors Map Reference: TAX MAP 2621
  • Account Number: 16844000
  • District: 15
  • Parcel: 15 26047-0000-00185
  • Block: 26047
  • Lot: 185
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4095
  • Longitude: -74.3625

    Address

  • Full Address: 48 Madison Ave
  • Address - House Number: 48
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 1200
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $481,663

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 373,035
  • High Value: 443,167
  • Low Value: 302,904

    Market Valuation

  • Market Total Value: $91,000
  • Market Land Value: $50,900
  • Market Improvement Value: $40,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,000
  • Assessed Land Value: $50,900
  • Assessed Improvements Value: $40,100

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 49699
  • Previous Sale Recording Date: Mar 05, 2001
  • Previous Sale Contract Date: Mar 05, 2001
  • Previous Sale Amount: $110,000
  • 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 Old Bridge

Stats & Trends

Median Asking:

$639,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1689 ft²

Average Home Age

57.3 years

Currently For Sale

37 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 4 Main Street, East Brunswick, NJ, 08816

$3,450 /mo

  • 4 Beds
  • 2 Baths
4 Main Street, East Brunswick, NJ, 08816 Listing by PAUL MIKHAIL
Unit for rent at 13 Sheridan Avenue, East Brunswick, NJ, 08816

$3,525 /mo

  • 4 Beds
  • 2 Baths
  • 1,206 ft²
13 Sheridan Avenue, East Brunswick, NJ, 08816 Listing by MICHAEL MATTHEWS

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: ALYSON KELLY
ERA CENTRAL LEVINSON
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2313591R

Frequently Asked Questions

When was property at 48 Madison Avenue built and last sold?
The property at 48 Madison Avenue was built in 1920 and last sold on Aug 14, 2023 for $335,000.
How much is this home worth?
The estimated value of the home located at 48 Madison Avenue is $318,150.
What are some comparable homes to 48 Madison Avenue?
There are currently no comparable homes to 48 Madison Avenue.
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