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Somerset 08873
61 Rue Chagall
$760,000
● House - Off Market

61 Rue Chagall

Franklin, NJ 08873
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,100 Ft²
$1,257,872
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

UPGRADED EXTENDED TOULOUSE MODEL IN GLEN EYRE DEVELOPMENT OF SOMERSET..... FULL FINNISH BASEMENT...CORNER LOT AND BRICK FRONT OFFERS 4 B/R W/BUILT IN CLOSEST,MB W/SITTINGAREA AND GAS F/P,4.5 BATH,3 FINISHED CAR GARAGE WITH TILE FLOORING,1ST FLOOR LIVING ROOM, FORMAL DINNING,STUDY WITH BUILT-IN CABINETS,DOUBLE STORY CEILING F-R/ DECORATIVE ARCH WINDOW/HUNTER DOUGLAS WINDOW TREATMENTS /WOOD FLOORING/ RECESS LIGHTS/FLORIDA ROOM WITH 5 SKYLIGHTS /EAT IN KITCHEN WITH GRANITE COUNTER TOPS/ CHERRY CABINETS /CENTER ISLAND/ DUAL STAIRCASE/HIGH CEILING FINISH BASEMENT W/THEATER /DOLL HOUSE/WET BAR/GRANITE COUNTER TOP.BASEMENT WITH 5TH BEDROOM BUILTIN CABINETS/FULL BATH, REC.2 ZONE HEATING AND AC/RECESSED LIGHTS/DECORATIVE MOLDING/PAVER WALKWAYS AND 2 TIER PATIO/SIDE ENTRY DRIVEWAY/2 GAS FIREPLACES.
Unit Size
4,100 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$193
Property Type
House
Property Taxes
$1,463
HOA Dues
-
Year Built
2004

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21708448)

Price History

Date / Event Date Event Price
Sep 26, 2017 Sold
Premium
Sold
Mar 4, 2017 Listed by Keller Williams Realty West Monmouth $789,900
Listed by Keller Williams Realty West Monmouth

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 32,234
  • Total Building Area: 4,010
  • Building Area: 4,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,010
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN EYRE AT SOMERSET
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053105

Zoning

  • Zoning: R40

Geography

  • Assessors Map Reference: TAX MAP 77
  • District: 08
  • Parcel: 08 00424- 18-00010
  • Block: 424.18
  • Lot: 10
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5182
  • Longitude: -74.5025

    Address

  • Full Address: 61 Rue Chagall
  • Address - House Number: 61
  • Address - Street Name: Rue Chagall
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C037
  • 4-Digit Zip Code: 6479
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,712,604

    Appraisal Valuation

  • Standard Deviation: 0.1387
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 1,074,059
  • High Value: 1,223,085
  • Low Value: 925,032

    Open Liens

  • Second Open Lien Mortgage Lender:
    Premium
  • Second Open Lien Mortgage Recording Date:
    Premium
  • Second Open Lien Mortgage Loan Amount:
    Premium
  • Second Open Lien Mortgage Term:
    Premium
  • Second Open Lien Mortgage Position:
    Premium
  • Second Open Lien Mortgage Loan Type:
    Premium
  • Second Open Lien Mortgage Loan Due Date:
    Premium

    Market Valuation

  • Market Total Value: $877,164
  • Market Land Value: $312,828
  • Market Improvement Value: $564,336

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $886,900
  • Assessed Land Value: $316,300
  • Assessed Improvements Value: $570,600

    Sales

  • Current Sale Contract Date: Sep 20, 2017
  • Current Sale Recording Date: Sep 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017038922
  • Previous Sale Recording Date: Aug 13, 2004
  • Previous Sale Contract Date: Aug 05, 2004
  • Previous Sale Amount: $550,800
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Somerset

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

61

Average Home Size

800 ft²

Average Home Age

49.3 years

Currently For Sale

56 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 26 Winthrop Rd, Franklin Twp., 08873-1810

$3,999 /mo

  • 3 Beds
  • 3 Baths
26 Winthrop Rd, Franklin Twp., 08873-1810 Listing by JOSEPH MORREALE
Unit for rent at 6 Flower Road, Franklin Twsp, NJ, 08873

$3,795 /mo

  • 3 Beds
  • 2 Baths
  • 1,887 ft²
6 Flower Road, Franklin Twsp, NJ, 08873 Listing by LOUIS G. BARROOD

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Nabeela Kausar, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21708448
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 61 Rue Chagall built and last sold?
The property at 61 Rue Chagall was built in 2004 and last sold on Sep 20, 2017 for $759,999.
How much is this home worth?
The estimated value of the home located at 61 Rue Chagall is $829,902.
What are some comparable homes to 61 Rue Chagall?
There are currently no comparable homes to 61 Rue Chagall.
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