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Essex
49 Marley Avenue
$380,000
● House - Off Market

49 Marley Avenue

Cedar Grove, NJ 07009
bedrooms
4 Beds
bathrooms
1 Bath
$563,500
RealtyHop Estimate
44.86%
Since Jan 1, 2020
NY-New York
Primary Model

About This Property

CEDAR GROVE 4 Bedroom House, Full Walkout Basement, Large Detached Garage, Extremely Private And Tastefully Landscaped Backyard Fenced With Shed, Underground Sprinklers, Paver Stone Walkways, Large Living Room, Large Kitchen And Sun Room. Conveniently Located Easy Commute To NYC & All Of North New Jersey
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$725
HOA Dues
-
Year Built
1951

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 #21932754)

Price History

Date / Event Date Event Price
Dec 23, 2019 Sold
Premium
Sold
Aug 7, 2019 Listed by Keller Williams Realty West Monmouth $389,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • 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
  • 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: 5,602
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Cedar Grove Township School District
  • Census Tract: 021300

Geography

  • Assessors Map Reference: TAX MAP 36
  • District: 04
  • Parcel: 04 00360-0000-00086
  • Block: 360
  • Lot: 86
  • Municipality: CEDAR GROVE TWP
  • Latitude: 40.8741
  • Longitude: -74.23

    Address

  • Full Address: 49 Marley Ave
  • Address - House Number: 49
  • Address - Street Name: Marley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cedar Grove
  • Carrier Code: C010
  • 4-Digit Zip Code: 1138
  • Zip Code: 07009

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $957,654

    Appraisal Valuation

  • Standard Deviation: 0.2295
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 68
  • Final Value: 544,193
  • High Value: 669,087
  • Low Value: 419,299

    Market Valuation

  • Market Total Value: $373,500
  • Market Land Value: $231,800
  • Market Improvement Value: $141,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $373,500
  • Assessed Land Value: $231,800
  • Assessed Improvements Value: $141,700

    Sales

  • Current Sale Contract Date: Dec 23, 2019
  • Current Sale Recording Date: Mar 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020028256
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 Essex

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

66

Average Home Size

500 ft²

Average Home Age

-

Currently For Sale

1947 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

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MOMMLS

Listed by: Mitchell Zafrani, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21932754
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 49 Marley Avenue built and last sold?
The property at 49 Marley Avenue was built in 1951 and last sold on Dec 23, 2019 for $380,000.
How much is this home worth?
The estimated value of the home located at 49 Marley Avenue is $392,890.
What are some comparable homes to 49 Marley Avenue?
There are currently no comparable homes to 49 Marley Avenue.
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