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Finderne 08807
627 2nd Street
$338,000
● House - Off Market

627 2nd Street

Bridgewater, NJ 08807
bedrooms
3 Beds
bathrooms
2 Baths
$430,787
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Just move right in this updated 3 bedroom cape with a fully finished basement.  Updates include; 6' custom vinyl fence (2016), Belgian block entranceway and newer asphalt driveway (2016), Newer 50 year roof, gutters, gutter guards, downspouts (2019), Newer 600 sq ft paver patio (2019), New front door and storm door (2019), Newer wood floors on main floor (2016), updated kitchen with newer cabinets, granite countertops, and appliances (2016), Custom California closet in master bedroom (2016), Fully updated main floor bathroom (2016), and a fully finished basement with an updated full bath (2020) and a Custom built basement sliding barn door (2020).  Conveniently located near all major highways and less than 2 miles from Bridgewater Train Station.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1955

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: 4 years ago (CJMLS #2105862)

Price History

Date / Event Date Event Price
Nov 19, 2020 Sold
Premium
Sold
Sep 24, 2020 Listed by RE/MAX COUNTRY $325,000
Listed by RE/MAX COUNTRY

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 150
  • 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R40M

Geography

  • Assessors Map Reference: TAX MAP 54
  • Account Number: S001
  • District: 06
  • Parcel: 06 00324-0000-00004
  • Block: 324
  • Lot: 4
  • Municipality: BRIDGEWATER TWP
  • Latitude: 40.5618
  • Longitude: -74.577

    Address

  • Full Address: 627 2nd St
  • Address - House Number: 627
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Bridgewater
  • Carrier Code: C046
  • 4-Digit Zip Code: 3334
  • Zip Code: 08807

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $616,952

    Appraisal Valuation

  • Standard Deviation: 0.147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 447,256
  • High Value: 513,005
  • Low Value: 381,506

    Market Valuation

  • Market Total Value: $317,136
  • Market Land Value: $196,843
  • Market Improvement Value: $120,293

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,400
  • Assessed Land Value: $190,800
  • Assessed Improvements Value: $116,600

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020059136
  • Previous Sale Recording Date: Apr 17, 2017
  • Previous Sale Contract Date: Apr 07, 2017
  • Previous Sale Amount: $295,000
  • 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 Finderne

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$343

Below Asking

0.02%

Average Days on Market

58

Average Home Size

557 ft²

Average Home Age

60.2 years

Currently For Sale

10 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 1070 Us Highway 22, Bridgewater Twp., 08807-2912

$3,200 /mo

  • 4 Beds
  • 1 Bath
1070 Us Highway 22, Bridgewater Twp., 08807-2912 Listing by TREVON PEIRIS
Unit for rent at 14 Giles Biondi Ct, Bound Brook Boro, 08805-1110

$2,900 /mo

  • 2 Beds
  • 1 Bath
14 Giles Biondi Ct, Bound Brook Boro, 08805-1110 Listing by KAREN BROWN

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: FRANK CALANDRUCCIO
RE/MAX COUNTRY
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2105862

Frequently Asked Questions

When was property at 627 2nd Street built and last sold?
The property at 627 2nd Street was built in 1955 and last sold on Nov 17, 2020 for $338,000.
How much is this home worth?
The estimated value of the home located at 627 2nd Street is $0.
What are some comparable homes to 627 2nd Street?
There are currently no comparable homes to 627 2nd Street.
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