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Middlesex 07747
504 Morristown Road
$300,000
● House - Off Market

504 Morristown Road

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$426,997
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Great opportunity for investors, construction, landscaping or auto business owners. This 4 bedroom cape was lovingly built 3 generations ago and the property and home has been in the family ever since. The value is in the many uses this property has to offer. The bones are good, it just needs some TLC! Being sold completely as is, buyer is responsible to obtain CO and instructed to do own due diligence with inspections and with the town. Zoned residential but plenty of room for work vehicles and equipment.  Great work space in the garage and full basement. If you are looking for an affordable fixer upper on a generous piece of land, then this could be your chance! Home is occupied, but easy to show! Call today for more info!
Unit Size
-
Days on Market
60 days
Land Size
0.51 acres
Price per sqft
-
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1949

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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: 11 months ago (MOMLS #22036450)

Price History

Date / Event Date Event Price
Dec 8, 2020 Sold
Premium
Sold
Oct 8, 2020 Listed by Berkshire Hathaway HomeServices Fox & Roach - Keyport $325,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Keyport

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 100
  • 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: 22,216
  • Total Building Area: 1,254
  • Building Area: 1,254
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,254
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007910

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 3
  • Account Number: 02506000
  • District: 15
  • Parcel: 15 03230-0000-00036- 13
  • Block: 3230
  • Lot: 36.13
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4259
  • Longitude: -74.2637

    Address

  • Full Address: 504 Morristown Rd
  • Address - House Number: 504
  • Address - Street Name: Morristown
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Matawan
  • Carrier Code: R003
  • 4-Digit Zip Code: 3580
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $662,454

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 456,853
  • High Value: 541,539
  • Low Value: 372,168

    Market Valuation

  • Market Total Value: $123,800
  • Market Land Value: $55,700
  • Market Improvement Value: $68,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,800
  • Assessed Land Value: $55,700
  • Assessed Improvements Value: $68,100

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Jan 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021006025
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 Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1542 ft²

Average Home Age

13.8 years

Currently For Sale

2978 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 117 Lexington Circle, Matawan, NJ, 07747

$4,200 /mo

  • 3 Beds
  • 2 Baths
117 Lexington Circle, Matawan, NJ, 07747 Listing by MARIA CAPPILLO

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Carissa Marshall, Berkshire Hathaway HomeServices Fox & Roach - Keyport
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 22036450
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 504 Morristown Road built and last sold?
The property at 504 Morristown Road was built in 1949 and last sold on Nov 17, 2020 for $300,000.
How much is this home worth?
The estimated value of the home located at 504 Morristown Road is $328,250.
What are some comparable homes to 504 Morristown Road?
There are currently no comparable homes to 504 Morristown Road.
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