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Middlesex 08857
58 Gate Lane
$514,000
● House - Off Market

58 Gate Lane

Old Bridge, NJ 08857
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$864,453
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Meticulously maintained colonial in Hills of Matchaponix. Original owners take extreme pride in keeping a spotless home. Charming front porch welcomes you. Bright and sunny two story entry leads to formal living room and dining room with gleaming hardwood flooring. Updated kitchen boasts maple cabinetry, granite countertops and stainless steel appliances. Eating area is flanked by windows overlooking private yard with large deck. Adjacent family room with gas fireplace is convenient. Upstairs are 4 bedrooms, two baths and laundry room. Master bedroom features a sitting area, walk-in closets and very large bath with soaking tub, shower and double sinks.

Finished basement is a great room for all your entertainment needs as well as providing plenty of extra space for storage.  Home warranty
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$950
HOA Dues
$40
Year Built
2002

Payment Calculator

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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: 2 years ago (MOMLS #21705449)

Price History

Date / Event Date Event Price
May 5, 2017 Sold
Premium
Sold
Feb 13, 2017 Listed by Weichert Realtors-Manalapan $535,000
Listed by Weichert Realtors-Manalapan

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • 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: 200
  • 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: 12,180
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 840
  • Total Building Area: 2,399
  • Building Area: 2,399
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MATCHAPONIX HILLS
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007702

Zoning

  • Zoning: R120

Geography

  • Assessors Map Reference: TAX MAP 2413
  • Account Number: 15916137
  • District: 15
  • Parcel: 15 24100-0000-00037
  • Block: 24100
  • Lot: 37
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3532
  • Longitude: -74.363

    Address

  • Full Address: 58 Gate Ln
  • Address - House Number: 58
  • Address - Street Name: Gate
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: R005
  • 4-Digit Zip Code: 4128
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,278,789

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 767,296
  • High Value: 896,496
  • Low Value: 638,097

    Market Valuation

  • Market Total Value: $241,600
  • Market Land Value: $71,600
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,600
  • Assessed Land Value: $71,600
  • Assessed Improvements Value: $170,000

    Sales

  • Current Sale Contract Date: Apr 18, 2017
  • Current Sale Recording Date: May 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201705150293
  • Previous Sale Recording Date: Jul 23, 2002
  • Previous Sale Contract Date: Jun 13, 2002
  • Previous Sale Amount: $359,395
  • 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 Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1549 ft²

Average Home Age

8.8 years

Currently For Sale

2819 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 3 11 Th Avenue, Monroe, NJ, 08831

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
3 11 Th Avenue, Monroe, NJ, 08831 Listing by KAREN MOSES

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gail Szeluga, Weichert Realtors-Manalapan
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21705449
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 58 Gate Lane built and last sold?
The property at 58 Gate Lane was built in 2002 and last sold on Apr 18, 2017 for $514,000.
How much is this home worth?
The estimated value of the home located at 58 Gate Lane is $0.
What are some comparable homes to 58 Gate Lane?
There are currently no comparable homes to 58 Gate Lane.
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