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Somerset
5 Ray Ct
$298,000
● House - Off Market

5 Ray Ct

Bedminster Twp., NJ 07921
bedrooms
1 Bed
bathrooms
1 Bath
$1,654
Est. Monthly
$330
HOA / Fees
7.21%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$330
Year Built
1986

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 (GSMLS #3893458)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Apr 13, 2024 In contract -
In contract

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 421
  • Total Building Area: 650
  • Building Area: 650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE PINEVALE NEIGHBORHOOD CONDOMINIUM
  • Land Acres: 0000000009
  • Standard Land Use Code: 1004
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: PINEVALE MODEL A

Neighborhood

  • School District Name: Bedminster Township School District
  • Census Tract: 052906

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: TAX MAP 1324
  • District: 01
  • Parcel: 01 00059- 05-13705-0000-CONDO
  • Block: 59.05
  • Lot: 13705
  • Municipality: BEDMINSTER TWP
  • Latitude: 40.6482
  • Longitude: -74.6332

    Address

  • Full Address: 5 Ray Ct
  • Address - House Number: 5
  • Address - Street Name: Ray
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Bedminster
  • Carrier Code: C001
  • 4-Digit Zip Code: 1631
  • Zip Code: 07921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $281,936

    Appraisal Valuation

  • Standard Deviation: 0.1487
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 266,976
  • High Value: 306,694
  • Low Value: 227,259

    Market Valuation

  • Market Total Value: $211,266
  • Market Land Value: $91,575
  • Market Improvement Value: $119,691

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,400
  • Assessed Land Value: $91,200
  • Assessed Improvements Value: $119,200

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020060726
  • Previous Sale Recording Date: Jul 03, 2008
  • Previous Sale Contract Date: Jun 27, 2008
  • Previous Sale Amount: $212,500
  • Previous Sale Document Type: 12
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

Unit for rent at 51 Wentworth Road, Bedminster Twp., 07921-2008

$2,050 /mo

  • 1 Bed
  • 1 Bath
51 Wentworth Road, Bedminster Twp., 07921-2008 Listing by PETER J. CAGNASSOLA
Unit for rent at 29 Spruce Court Ondo, Bedminster Twp., 07921-1630

$2,100 /mo

  • 1 Bed
  • 1 Bath
  • 661 ft²
29 Spruce Court Ondo, Bedminster Twp., 07921-1630 Listing by NANNETTE BUCHNEY

Rentals Near You

Click here to view more rentals in the neighborhood.
GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3893458
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. 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 5 Ray Court built and last sold?
The property at 5 Ray Court was built in 1986 and last sold on Nov 17, 2020 for $200,000.
How much is this home worth?
The estimated value of the home located at 5 Ray Court is $272,195.
What are some comparable homes to 5 Ray Court?
There are currently no comparable homes to 5 Ray Court.
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