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Old Bridge 08857
59 Morris Drive
$730,000
● House - Off Market

59 Morris Drive

Old Bridge, NJ 08857
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$851,251
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Magnificent 4 BR. Col. w/2-story High Foyer w/Formal LR & Formal DR. w/HDWD Fl. Eat-In Kitchen w/upgraded Cabinets w/Crown Molding & Granite Peninsula Countertop w/Tile Fl. Conveniently located Office on the First Fl. w/HDWD fl. Family Room w/Gas Fpl. w/HDWD Fl.  Sizable Laundry Rm on the First Fl. Expansive Master Bedroom w/Sitting Area W/WIC. Master Bathroom w/2-Sinks and Jacuzzi tub and shower stall. Spacious Other 3 BR. HDWD Fl. throughout 2nd Fl. 9' Ceiling throughout the house.  Full Finished Basement w/upgraded Flooring for your Theatrical Experience and your other winter entertainment. Beautiful Fenced Backyard w/Pavers for your Summer Entertainment. Close to major HWYs and NYC Bus Stops.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,161
HOA Dues
$10
Year Built
2007

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: 3 years ago (MOMLS #22103711)

Price History

Date / Event Date Event Price
Apr 9, 2021 Sold
Premium
Sold
Feb 8, 2021 Listed by Berkshire Hathaway HomeServices Fox & Roach - Metuchen $700,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Metuchen

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,401
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 790
  • Total Building Area: 2,920
  • Building Area: 2,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,920
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD AT OLD BRIDGE
  • Land Acres: 0000000216
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007914

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 1326
  • Account Number: 17000106
  • District: 15
  • Parcel: 15 13311-0000-00044
  • Block: 13311
  • Lot: 44
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.3848
  • Longitude: -74.2948

    Address

  • Full Address: 59 Morris Dr
  • Address - House Number: 59
  • Address - Street Name: Morris
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Old Bridge
  • Carrier Code: C028
  • 4-Digit Zip Code: 3546
  • Zip Code: 08857

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,434,932

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 860,891
  • High Value: 1,006,014
  • Low Value: 715,768

    Market Valuation

  • Market Total Value: $271,100
  • Market Land Value: $116,300
  • Market Improvement Value: $154,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $271,100
  • Assessed Land Value: $116,300
  • Assessed Improvements Value: $154,800

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021054205
  • Previous Sale Recording Date: Oct 07, 2011
  • Previous Sale Contract Date: Sep 27, 2011
  • Previous Sale Amount: $587,500
  • 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 Old Bridge

Stats & Trends

Median Asking:

$639,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1688 ft²

Average Home Age

55.8 years

Currently For Sale

39 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 50 Glen Oaks Court, Old Bridge, NJ, 08857

$3,950 /mo

  • 3 Beds
  • 2 Baths
50 Glen Oaks Court, Old Bridge, NJ, 08857 Listing by BARRY WEINSTEIN
Unit for rent at 16 Old Bridge Plaza, Old Bridge, NJ, 08857

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 2,179 ft²
16 Old Bridge Plaza, Old Bridge, NJ, 08857 Listing by DAVID ROSENBAUM

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kavin K Vani, Berkshire Hathaway HomeServices Fox & Roach - Metuchen
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22103711
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 59 Morris Drive built and last sold?
The property at 59 Morris Drive was built in 2007 and last sold on Apr 6, 2021 for $730,000.
How much is this home worth?
The estimated value of the home located at 59 Morris Drive is $0.
What are some comparable homes to 59 Morris Drive?
There are currently no comparable homes to 59 Morris Drive.
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