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Dunellen 08812
556 South Avenue
Photo of 556 South Avenue
Sold on May 20, 2024

32

Map

Photo of 556 South Avenue
Photo of 556 South Avenue
$315,000
● House - Off Market

556 South Avenue

Dunellen, NJ 08812
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$2,121
Est. Monthly
7.72%
Cap Rate

About This Property

Beautiful Home!!! move in condition. Offers 2 Large Bedrooms and 1 Full Bathroom and a Powder Room (Half Bathroom). Living & Dining Room Combo. Eat in Kitchen and a Landry Room. Hardwood Floors replaced 2020 except for 2 bedrooms. Large Fenced in Back Yard and a Large Patio & Large Driveway Redone 2022. Front Porch. Roof replaced in 2021. Furnace 1993 has been maintained by PSE&G worry free working fine, Water Heater. Windows & Siding & gutters Replaced 2022. Great Location. No AC only window units. Partial Basement. Needs Flood Insurance ( seller pays $1,200 per year) seller has been there since 2016 and it has not flooded. Great schools & community. Close to Train Station & HWYS like Rt 287 & Turnpike.
Unit Size
-
Days on Market
93 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1960

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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: 11 months ago (CJMLS #2408177R)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
Apr 11, 2024 In contract -
In contract
Apr 5, 2024 Relisted $315,000
Relisted
Mar 22, 2024 In contract -
In contract
Feb 27, 2024 Price Decreased $315,000
↓ $25K (7.4%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Features: Living Dining Combo
Features: Eat-in Kitchen
Interior Features: Entrance Foyer, Kitchen, Laundry Room, Bath Half, Living Room, Den, 2 Bedrooms, Bath Main, Attic
Appliances: Dryer, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
Flooring Type: Ceramic Tile, Wood
Rooms: 6
Basement: Partial, Storage Space, Interior Entry, Utility Room
Parking Details
Parking Features: 1 Car Width, 2 Cars Deep, Asphalt
Exterior Details
Open Porch(es), Curbs, Deck, Patio, Sidewalk, Fencing/Wall, Storage Shed, Yard, Insulated Pane Windows
PropertySubType: Single Family Residence
Levels: Three Or More, Two
Other Structures: Shed(s)
Stories (Total): 2
Window Features: Insulated Windows
Patio and Porch Features: Porch, Deck, Patio
Lot Size Area: 0.1722
Lot Size Acres: 0.1722
Parcel Number: 0300053000000008
Water Source: Public
Financial Details
Tax Annual Amount: $6,887
Tax Year: $2,021
Utilities Details
Utilities: Natural Gas Connected
Cooling Type: Window Unit(s)
Heating Type: Radiators-Hot Water, Radiators-Steam
Sewer : Sewer Charge, Public Sewer
Location Details
Association Fee2 Frequency: Monthly
Community Features: Curbs, Sidewalks


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Sold
House
3 Beds
2 Baths
-
$282,200 Sep 19, 2007
$282,200 Dec 6, 2007
$314/mo
Sold
House
3 Beds
1 Bath
-
$326,200 Nov 30, -0001
$324,200 Feb 6, 2023
-
Sold
House
3 Beds
1 Bath
-
$321,000 Jan 10, 2020
$321,000 Jan 20, 2020
$632/mo
Sold
House
4 Beds
3 Baths
-
$330,000 Aug 25, 2019
$330,000 Jan 31, 2020
$871/mo
In Contract
House
2 Beds
1 Bath
-
$359,900 Jun 14, 2024
-
$539/mo
In Contract
House
2 Beds
1 Bath
-
$375,000 Jun 9, 2024
-
$417/mo
Active
Condo
2 Beds
2 Baths
-
$339,900 Aug 6, 2024
-
$629/mo
Active
Condo
2 Beds
2 Baths
-
$339,900 Aug 6, 2024
-
-
Active
Land
Loft
-
-
$259,900 Aug 30, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240214
02/14/2024
2 Bed
2 Bath
-
$340,000
bedrooms
2 Bed
bathrooms
2 Bath
$315,000 -7.35%
05/20/2024
-
VERONICA HARY
FOX & FOXX REALTY, LLC
20220406
04/06/2022
2 Bed
2 Bath
959 ft²
$279,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
959 ft²
-
-
-
Jon Carlo Cascio
RE/MAX Estates Realty

Building Info

556 South Avenue 556 South Avenue, Dunellen, NJ 08812
More about this Building
556 South Avenue
Want to find out who owns 556 South Avenue, Dunellen, NJ 08812? Get detailed property transactions here.

About Dunellen

Stats & Trends

Median Asking:

$512,500

Sale Price/ft²

$281

Below Asking

0.01%

Average Days on Market

63

Average Home Size

131 ft²

Average Home Age

66.1 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Nearby Rentals

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Unit for rent at 293 Pinelli Drive, Piscataway, NJ, 08854

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  • 2 Baths
  • 1,529 ft²
293 Pinelli Drive, Piscataway, NJ, 08854 Listing by AUDREY NELSON
Unit for rent at 526-532 N Bound Brook Road Road, Dunellen, NJ, 08812

$2,520 /mo

  • 2 Beds
  • 2 Baths
  • 857 ft²
526-532 N Bound Brook Road Road #223, Dunellen, NJ, 08812 Listing by CRISTINA R. BURKE

Rentals Near You

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CJMLS

Listed by: VERONICA HARY
FOX & FOXX REALTY, LLC
Last Updated: 11 months ago
Data Source: CJMLS , MLS# 2408177R
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
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