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Martinsville 08805
59 Shady Lane Lane
$312,000
● House - Off Market

59 Shady Lane Lane

Bridgewater, NJ 08805
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,300 Ft²
$221,613
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Calling all investors!! This 2300 sq ft house is in need of your imagination to bring it back to life. This home is being sold as is! Come and bring your creativity to make this house a home again.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$91
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1962

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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 #22230295)

Price History

Date / Event Date Event Price
Nov 3, 2022 Sold
Premium
Sold
Sep 26, 2022 Listed by Keller Williams Realty Monmouth/Ocean $210,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,360
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,300
  • Building Area: 2,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000421
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 051000

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 90
  • Account Number: A001
  • District: 06
  • Parcel: 06 00367-0000-00041
  • Block: 367
  • Lot: 41
  • Municipality: BRIDGEWATER TWP
  • Latitude: 40.5768
  • Longitude: -74.5397

    Address

  • Full Address: 59 Shady Ln
  • Address - House Number: 59
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Bound Brook
  • Carrier Code: C003
  • 4-Digit Zip Code: 1305
  • Zip Code: 08805

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $722,520

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 509,948
  • High Value: 595,679
  • Low Value: 424,217

    Market Valuation

  • Market Total Value: $371,402
  • Market Land Value: $186,526
  • Market Improvement Value: $184,876

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,000
  • Assessed Land Value: $180,800
  • Assessed Improvements Value: $179,200

    Sales

  • Current Sale Contract Date: Oct 27, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 44927
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 Martinsville

Stats & Trends

Median Asking:

$845,000

Sale Price/ft²

$347

Below Asking

0.02%

Average Days on Market

38

Average Home Size

569 ft²

Average Home Age

41.9 years

Currently For Sale

37 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 6 Heather Lane, Middlesex, NJ, 08846

$4,000 /mo

  • 4 Beds
  • 3 Baths
  • 3,060 ft²
6 Heather Lane, Middlesex, NJ, 08846 Listing by KAREN A. ETTERE

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Victoria Schweyher, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22230295
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 Shady Lane built and last sold?
The property at 59 Shady Lane was built in 1962 and last sold on Oct 27, 2022 for $312,000.
How much is this home worth?
The estimated value of the home located at 59 Shady Lane is $253,762.
What are some comparable homes to 59 Shady Lane?
There are currently no comparable homes to 59 Shady Lane.
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