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Matawan 07747
7 Chestnut Drive
$630,000
● House - Off Market

7 Chestnut Drive

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,722 Ft²
$3,912
Est. Monthly
6.05%
Cap Rate

About This Property

Located in the desirable Ravine Drive section of Matawan, this sought-after bi-level home offers a spacious layout with hardwood flooring throughout. The main level features a bright living room, dining room, and kitchen, along with three comfortable bedrooms and a full bath. The lower level provides a versatile family room with sliders leading to a large, level backyard, plus an additional bedroom or den and a second full bath. A two-car garage adds convenience, and the home is ideally situated near the Matawan train station and vibrant downtown, offering easy access to shopping, dining, and transportation. This home has a whole house generator
Unit Size
1,722 Ft²
Days on Market
69 days
Land Size
0.21 acres
Price per sqft
$348
Property Type
House
Property Taxes
$971
HOA Dues
-
Year Built
1963

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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 (CJMLS #2561095M)

Price History

Date / Event Date Event Price
May 2, 2025 Sold
Premium
Sold
Feb 22, 2025 Listed by BHHS FOX & ROACH REALTORS $599,000
Listed by BHHS FOX & ROACH REALTORS

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 516
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,722
  • Building Area: 1,722
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,722
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 803100

Zoning

  • Zoning: SF05

Geography

  • Assessors Map Reference: TAX MAP 33
  • Account Number: 20700
  • District: 31
  • Parcel: 31 00065- 08-00004
  • Block: 65.08
  • Lot: 4
  • Municipality: MATAWAN BORO
  • Latitude: 40.4206
  • Longitude: -74.2405

    Address

  • Full Address: 7 Chestnut Dr
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C016
  • 4-Digit Zip Code: 2906
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,134,393

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 560,890
  • High Value: 660,470
  • Low Value: 461,310

    Market Valuation

  • Market Total Value: $521,800
  • Market Land Value: $365,500
  • Market Improvement Value: $156,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $521,800
  • Assessed Land Value: $365,500
  • Assessed Improvements Value: $156,300

    Exemptions

  • Veteran Exemption: Yes
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 Matawan

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$340

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1482 ft²

Average Home Age

69.8 years

Currently For Sale

18 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 104 Midland Avenue, Cliffwood, NJ, 07721

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,911 ft²
104 Midland Avenue, Cliffwood, NJ, 07721 Listing by Charles Croce
Unit for rent at 117 Lexington Circle, Matawan, NJ, 07747

$4,200 /mo

  • 3 Beds
  • 2 Baths
117 Lexington Circle, Matawan, NJ, 07747 Listing by MARIA CAPPILLO

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: GREGORY W. PAPALCURE
BHHS FOX & ROACH REALTORS
Last Updated: 2 years ago
Data Source: CJMLS , MLS# 2561095M

Frequently Asked Questions

When was property at 7 Chestnut Drive built and last sold?
The property at 7 Chestnut Drive was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Chestnut Drive is $0.
What are some comparable homes to 7 Chestnut Drive?
There are currently no comparable homes to 7 Chestnut Drive.
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