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Monmouth 07735
508 Matawan Avenue
$380,000
● House - Off Market

508 Matawan Avenue

Keyport, NJ 07735
bedrooms
4 Beds
bathrooms
1 Bath
$337,780
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Why rent when you can own this adorable & affordable 3 - 4 Bedroom cape style home located on a Beautifully landscaped & oversized fully fenced property with large concrete patio in the desirable River Gardens community of Aberdeen! Home features a recently updated eat in kitchen with stainless appliances, granite counter tops and new beautiful full bath with deep tub for you to soak away a stressful day. There's plenty of storage in the full basement with Bilco door access to outside, an Extra long concrete driveway and a shed for extra strorage. Conveniently located close to Middle and elementary schools, shopping, Bayshore waterfront, NJ transit and all major routes! Call today! Note: home is located in Aberdeen with Keyport mailing address
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954

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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 #22323120)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 19, 2023 Listed by RE/MAX Imperial $339,900
Listed by RE/MAX Imperial

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,075
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 802600

Zoning

  • Zoning: R-50

Geography

  • Assessors Map Reference: TAX MAP 44
  • District: 01
  • Parcel: 01 00216-0000-00007
  • Block: 216
  • Lot: 7
  • Municipality: ABERDEEN TWP
  • Latitude: 40.4322
  • Longitude: -74.2292

    Address

  • Full Address: 508 Matawan Ave
  • Address - House Number: 508
  • Address - Street Name: Matawan
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Keyport
  • Carrier Code: C012
  • 4-Digit Zip Code: 5016
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $669,478

    Appraisal Valuation

  • Standard Deviation: 0.2046
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 385,859
  • High Value: 464,825
  • Low Value: 306,892

    Market Valuation

  • Market Total Value: $308,800
  • Market Land Value: $206,700
  • Market Improvement Value: $102,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $308,800
  • Assessed Land Value: $206,700
  • Assessed Improvements Value: $102,100

    Sales

  • Current Sale Contract Date: Sep 08, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 73343
  • Previous Sale Recording Date: May 29, 2019
  • Previous Sale Contract Date: Apr 26, 2019
  • Previous Sale Amount: $265,000
  • 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 Monmouth

Stats & Trends

Median Asking:

$724,999

Sale Price/ft²

$384

Above Asking

0.56%

Average Days on Market

64

Average Home Size

1954 ft²

Average Home Age

45.2 years

Currently For Sale

3008 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: Patricia R Naparstek, RE/MAX Imperial
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22323120
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 508 Matawan Avenue built and last sold?
The property at 508 Matawan Avenue was built in 1954 and last sold on Sep 8, 2023 for $380,000.
How much is this home worth?
The estimated value of the home located at 508 Matawan Avenue is $0.
What are some comparable homes to 508 Matawan Avenue?
There are currently no comparable homes to 508 Matawan Avenue.
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