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Florham Park 07932
60 Cathedral Avenue
$1,695,000
● House - Off Market

60 Cathedral Avenue

Florham Park, NJ 07932
bedrooms
6 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
5,400 Ft²
$2,232,210
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Custom Colonial with 5400 sq. ft. plus a full basement and finished walk up third floor with a half bath and space for a game room.  This home can be completed in August.  S.G.C. Construction is also building 78 Cathedral.  You can preview that home to see the quality of construction.  Upgrades will include...gourmet kitchen, stainless appliance package, quartz counters, breakfast bar, fireplaces, 10ft. ceilings on the first floor, coffered ceilings in the family room, hardwood floors, 4 zone heat and A/C, central vac, alarm, prewired for cameras and sound.  First floor bedroom, upgraded trim package, master bedroom suite, fireplace, tray ceiling, bath and two walk-in closets.  The exterior will have a paver patio, sod lawn, sprinkler system. A home generator too.
Unit Size
5,400 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #22018972)

Price History

Date / Event Date Event Price
Dec 4, 2020 Sold
Premium
Sold
Jun 9, 2020 Listed by Weichert Realtors-Sea Girt $1,699,000
Listed by Weichert Realtors-Sea Girt

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • 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: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,898
  • Lot Size Depth Feet: 4,090
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,749
  • Building Area: 5,749
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,749
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKLAKE PARK
  • Land Acres: 0000000939
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Florham Park Borough School District
  • Census Tract: 042602

Zoning

  • Zoning: R-15

Geography

  • District: 11
  • Parcel: 11 03005-0000-00034
  • Block: 3005
  • Lot: 34
  • Municipality: FLORHAM PARK BORO
  • Latitude: 40.7731
  • Longitude: -74.3849

    Address

  • Full Address: 60 Cathedral Ave
  • Address - House Number: 60
  • Address - Street Name: Cathedral
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Florham Park
  • Carrier Code: C018
  • 4-Digit Zip Code: 2521
  • Zip Code: 07932

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,483,931

    Appraisal Valuation

  • Standard Deviation: 0.1253
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 86
  • Final Value: 1,856,992
  • High Value: 2,089,696
  • Low Value: 1,624,289

    Market Valuation

  • Market Total Value: $1,645,564
  • Market Land Value: $382,066
  • Market Improvement Value: $1,263,498

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,554,400
  • Assessed Land Value: $360,900
  • Assessed Improvements Value: $1,193,500

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020099010
  • Previous Sale Recording Date: Jun 20, 2018
  • Previous Sale Contract Date: Jun 14, 2018
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Florham Park

Stats & Trends

Median Asking:

$1,349,900

Sale Price/ft²

$418

Below Asking

0.01%

Average Days on Market

71

Average Home Size

1953 ft²

Average Home Age

32.8 years

Currently For Sale

21 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

Rentals Near You

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MOMMLS

Listed by: James R Johnson, Weichert Realtors-Sea Girt
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22018972
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 60 Cathedral Avenue built and last sold?
The property at 60 Cathedral Avenue was built in 2020 and last sold on Dec 4, 2020 for $1,695,000.
How much is this home worth?
The estimated value of the home located at 60 Cathedral Avenue is $1,715,990.
What are some comparable homes to 60 Cathedral Avenue?
There are currently no comparable homes to 60 Cathedral Avenue.
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