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Middlesex
51 Summit Drive
$965,000
● House - Off Market

51 Summit Drive

South Brunswick, NJ 08816
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
$1,292,360
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

This is a beautiful, move in ready Fair Fax Elite model home located in Dunham Farm Estates with a great school system. My favorite features of the property are the downstairs master suite that can be used as an in-law suite, the updated kitchen with granite counters and stainless steel appliances, hardwood floors, all closets are professionally done and the house has been recently painted. Other great features of the home: The walkout basement with high ceilings, two zone heat and AC sump pump, two water heaters, 14 kilowatt generator, crown molding throughout and large patio in the back yard along with great landscaping. This property is a must see! 3D Tour: https://my.matterport.com/show/?m=pGvYCnGpLPc&brand=0
Unit Size
-
Days on Market
-
Land Size
2.32 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,609
HOA Dues
$150
Year Built
2009

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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: 4 years ago (CJMLS #2018413)

Price History

Date / Event Date Event Price
Nov 4, 2020 Sold
Premium
Sold
Jun 19, 2020 Listed by ARC REAL ESTATE $975,000
Listed by ARC REAL ESTATE

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • 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: 96,093
  • Total Building Area: 4,117
  • Building Area: 4,117
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,117
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUNHAMS FARM ESTATES
  • Land Acres: 0000002206
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 3CG

Neighborhood

  • School District Name: South Brunswick Township School District
  • Census Tract: 008502

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: TAX MAP 106
  • District: 21
  • Parcel: 21 00022- 01-00049
  • Block: 22.01
  • Lot: 49
  • Municipality: SOUTH BRUNSWICK TWP
  • Latitude: 40.3918
  • Longitude: -74.4408

    Address

  • Full Address: 51 Summit Dr
  • Address - House Number: 51
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: East Brunswick
  • Carrier Code: C029
  • 4-Digit Zip Code: 3440
  • Zip Code: 08816

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,965,617

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,147,320
  • High Value: 1,346,999
  • Low Value: 947,641

    Market Valuation

  • Market Total Value: $389,000
  • Market Land Value: $115,000
  • Market Improvement Value: $274,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $389,000
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $274,000

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020127807
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:

$560,000

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1344 ft²

Average Home Age

38.3 years

Currently For Sale

1887 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 48 Berkshire Way, East Brunswick, NJ, 08816

$4,950 /mo

  • 4 Beds
  • 2 Baths
  • 2,417 ft²
48 Berkshire Way, East Brunswick, NJ, 08816 Listing by JANE MUELLER

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: SEAN MULLIGAN
ARC REAL ESTATE
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2018413

Frequently Asked Questions

When was property at 51 Summit Drive built and last sold?
The property at 51 Summit Drive was built in 2009 and last sold on Oct 21, 2020 for $965,000.
How much is this home worth?
The estimated value of the home located at 51 Summit Drive is $984,750.
What are some comparable homes to 51 Summit Drive?
There are currently no comparable homes to 51 Summit Drive.
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