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Middlesex
7 Carol Place
$520,000
● House - Off Market

7 Carol Place

Edison, NJ 08817
bedrooms
4 Beds
bathrooms
2 Baths
$3,250
Est. Monthly
7.38%
Cap Rate

About This Property

Seven Carol place is a one family property located in Edison Township in Middlesex County NJ. This property has been divided into two apartments with separate entrances, five rooms over five rooms. Each unit has two bedrooms, full bath, living room/dining combo and kitchen. Property also has separate HVAC systems, large rear yard, private driveway and basement with utility, laundry and additional storage.  Minutes to schools, Rtes 1/287/18/TPK/PKWY.
Unit Size
-
Days on Market
179 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$673
HOA Dues
-
Year Built
1954

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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 (CJMLS #2407190R)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
Jun 12, 2024 In contract -
In contract
May 9, 2024 Price Decreased $524,900
↓ $15K (2.8%)
Price Decreased
Apr 11, 2024 Price Decreased $539,900
↓ $19K (3.4%)
Price Decreased
Mar 25, 2024 Price Decreased $559,000
↓ $10K (1.8%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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
  • 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: 6,490
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001805

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 56
  • District: 05
  • Parcel: 05 00267- 02-00020
  • Block: 267.02
  • Lot: 20
  • Municipality: EDISON TWP
  • Latitude: 40.5123
  • Longitude: -74.3663

    Address

  • Full Address: 7 Carol Pl
  • Address - House Number: 7
  • Address - Street Name: Carol
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Edison
  • Carrier Code: C007
  • 4-Digit Zip Code: 4804
  • Zip Code: 08817

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $807,305

    Appraisal Valuation

  • Standard Deviation: 0.0857
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 559,164
  • High Value: 607,101
  • Low Value: 511,228

    Market Valuation

  • Market Total Value: $136,300
  • Market Land Value: $80,700
  • Market Improvement Value: $55,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $136,300
  • Assessed Land Value: $80,700
  • Assessed Improvements Value: $55,600

    Sales

  • Current Sale Contract Date: Jan 28, 2019
  • Current Sale Recording Date: Feb 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 30
  • Current Sale Input Document Number: 201900013098
  • Previous Sale Recording Date: May 20, 2002
  • Previous Sale Contract Date: May 10, 2002
  • Previous Sale Amount: $5,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$564,900

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1359 ft²

Average Home Age

42.8 years

Currently For Sale

1845 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 8 Kelly Street, Metuchen, NJ, 08840

$3,950 /mo

  • 4 Beds
  • 3 Baths
  • 1,548 ft²
8 Kelly Street, Metuchen, NJ, 08840 Listing by SUSAN MARCRIE
Unit for rent at 16 Outcalt Road, Middlesex, NJ, 08817

$4,100 /mo

  • 4 Beds
  • 2 Baths
  • 1,418 ft²
16 Outcalt Road, Middlesex, NJ, 08817 Listing by YURIY BAS

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: THOMAS MARCOTRIGIANO
TOM MARCO REAL ESTATE INC
Last Updated: 3 years ago
Data Source: CJMLS , MLS# 2407190R

Frequently Asked Questions

When was property at 7 Carol Place built and last sold?
The property at 7 Carol Place was built in 1954 and last sold on Jan 28, 2019 for $244,000.
How much is this home worth?
The estimated value of the home located at 7 Carol Place is $530,149.
What are some comparable homes to 7 Carol Place?
There are currently no comparable homes to 7 Carol Place.
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