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Concordia 08831
5 Warwick Road
$400,000
● House - Off Market

5 Warwick Road

Parlin, NJ 08831
bedrooms
4 Beds
bathrooms
3 Baths
$824,385
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This New Construction property has several remarkable features that appeal strongly to buyers! The features considerably add to the home's value and should not be overlooked. Beyond the fact that this home is New Construction and is strategically located near the GSP and NJ Turnpike, you'll love the 3-level layout, 4 bedrooms, 3 full baths, 3 car walkout garage, and possibility for a Mother Daughter. The seller also has two more similar homes on the same block that are for sale. See MLS numbers (22302019, 22302016). Make your appointment early for your preferred location or buy all three. You can buy this home in its existing condition, or have it finished per your specifications (finished photo provides rendering). Call for more information. Endless Possibilities!
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1983

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 #22302017)

Price History

Date / Event Date Event Price
Mar 29, 2023 Sold
Premium
Sold
Jan 23, 2023 Listed by Keller Williams Realty Monmouth/Ocean $799,999
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 9,539
  • Total Building Area: 1,752
  • Building Area: 1,752
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,752
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COMMUNITIES CONCORDIA SEC 18
  • Land Acres: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Monroe Township School District
  • Census Tract: 008205

Zoning

  • Zoning: PRC

Geography

  • District: 12
  • Parcel: 12 00027- 1-00025- 163
  • Block: 27.1
  • Lot: 25.163
  • Municipality: MONROE TWP
  • Latitude: 40.311
  • Longitude: -74.4417

    Address

  • Full Address: 5 Warwick Dr
  • Address - House Number: 5
  • Address - Street Name: Warwick
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Monroe Township
  • Carrier Code: C033
  • 4-Digit Zip Code: 4735
  • Zip Code: 08831

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $426,720

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 464,065
  • High Value: 555,478
  • Low Value: 372,652

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $50,000
  • Market Improvement Value: $110,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,000
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $110,000

    Sales

  • Current Sale Contract Date: Nov 02, 2004
  • Current Sale Recording Date: Nov 22, 2004
  • 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 Concordia

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$265

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1182 ft²

Average Home Age

39.5 years

Currently For Sale

34 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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MOMMLS

Listed by: Troy E Davis, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22302017
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 5 Warwick Drive built and last sold?
The property at 5 Warwick Drive was built in 1983 and last sold on Nov 2, 2004 for $292,000.
How much is this home worth?
The estimated value of the home located at 5 Warwick Drive is $0.
What are some comparable homes to 5 Warwick Drive?
There are currently no comparable homes to 5 Warwick Drive.
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