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Silver Ridge 08757 Silver Ridge
50 Edinburgh Drive
$227,000
● House - Off Market

50 Edinburgh Drive

Toms River, NJ 08757
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,031 Ft²
$268,964
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Beautifully updated Canterbury model in Silver Ridge Park East. Open floor plan. Hardwood floors throughout the home. 42'' kitchen cabinets, high grade granite counters. Newer roof, windows, and chimney. Freshly painted inside and out. Double-wide driveway; direct entry to home from garage. Custom-built shed at back of home. Private backyard with patio.
Unit Size
1,031 Ft²
Days on Market
66 days
Land Size
0.15 acres
Price per sqft
$210
Property Type
House
Property Taxes
$189
HOA Dues
$75
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MOMLS #22043702)

Price History

Date / Event Date Event Price
Mar 18, 2021 Sold
Premium
Sold
Dec 26, 2020 Listed by EXIT Realty Jersey Shore $216,300
Listed by EXIT Realty Jersey Shore

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 6,337
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,031
  • Building Area: 1,031
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,031
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Berkeley Township School District
  • Census Tract: 731205

Zoning

  • Zoning: PRRC

Geography

  • Assessors Map Reference: TAX MAP 20
  • District: 06
  • Parcel: 06 00009- 10-00008
  • Block: 9.10
  • Lot: 8
  • Municipality: BERKELEY TWP
  • Latitude: 39.9604
  • Longitude: -74.2393

    Address

  • Full Address: 50 Edinburgh Dr
  • Address - House Number: 50
  • Address - Street Name: Edinburgh
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C036
  • 4-Digit Zip Code: 4410
  • Zip Code: 08757

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $231,799

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 262,695
  • High Value: 321,446
  • Low Value: 203,944

    Market Valuation

  • Market Total Value: $101,800
  • Market Land Value: $30,000
  • Market Improvement Value: $71,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,800
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $71,800

    Exemptions

  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2021
  • Current Sale Recording Date: Mar 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021043382
  • Previous Sale Recording Date: Sep 26, 2011
  • Previous Sale Contract Date: Aug 22, 2011
  • Previous Sale Amount: $71,500
  • 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 Silver Ridge

Stats & Trends

Median Asking:

$322,500

Sale Price/ft²

$291

Below Asking

0.03%

Average Days on Market

85

Average Home Size

1002 ft²

Average Home Age

56 years

Currently For Sale

10 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 242 Fort De France Avenue, Toms River, NJ, 08757

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,328 ft²
242 Fort De France Avenue, Toms River, NJ, 08757 Listing by Mari Ann Costella

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kathleen Biegner, EXIT Realty Jersey Shore
Last Updated: 6 months ago
Data Source: MOMMLS, MLS# 22043702
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 50 Edinburgh Drive built and last sold?
The property at 50 Edinburgh Drive was built in 1970 and last sold on Feb 23, 2021 for $227,000.
How much is this home worth?
The estimated value of the home located at 50 Edinburgh Drive is $221,068.
What are some comparable homes to 50 Edinburgh Drive?
There are currently no comparable homes to 50 Edinburgh Drive.
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