$670,000
●
House -
Off Market
7 Ardmore Lane
Matawan, NJ 07747
3 Beds
2 Baths
1,985 Ft²
$4,113
Est. Monthly
4.39%
Cap Rate
About This Property
THIS SPECTACULAR STRATHMORE RANCH IS JUST WHAT YOU'RE LOOKING FOR!
You'll be immediately delighted with the gorgeous hardwood floors
as you enter! The super spacious open floorplan provides abundant
space in the Living and Dining Rooms! As you enter the upgraded
Kitchen, you will love the granite countertops and spaciousness w/
room for your dinette! The sprawling Family Room with cozy updated
fireplace has great room for your gatherings and extra space for a
play area! Next, you'll pleased to see the office/den (with
additional separate entrance) which checks another box for you! The
large Primary BR has a wonderful upgraded full bathroom! There are
two more generous bedrooms and an upgraded hall bath! New windows
in 2019! Back-up Generator included! AC replaced 8 yrs; H2O htr
2015! CALL This amazing property also boasts a spacious and very
private backyard, an uncommon feature for a Strathmore home like
this!
Unit Size
1,985 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$327
Property Type
House
Property Taxes
$922
HOA Dues
-
Year Built
1961
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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 #22423646)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by Coldwell Banker Realty | $649,900 | |
| Listed by Coldwell Banker Realty | |||
| Jun 2, 2014 | Sold | ||
| Sold | |||
| Mar 23, 2014 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | $339,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | |||
| | |||
|
This expanded home has it all - beautiful newer kitchen, large family room addition w/fireplace, enclosed screened porch, garage, and a good size yard. Addition has a huge closet for extra storage. Custom eat-in kitchen has a good amount of cabinets/counter space & all appliances. Lovely screened in enclosed porch off spacious family room. Replaced windows, roof and vinyl sided. Walk to NYC busses. 5 minute ride to Matawan/Aberdeen Train Station. Near Garden State Parkway, Routes 34, 35 and 36.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Strathmore
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Listed by: Kevin Ward, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22423646
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22423646
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