Listed by: Peter Lorenzo, [email protected], Keller Williams Realty Metropolitan, (973) 539-1120, Listing Courtesy of NJMLS
$700,000
●
House -
Off Market
7 Hillcrest Avenue
Mendham Borough, NJ 07945
3 Beds
1 Bath
$4,180
Est. Monthly
5.16%
Cap Rate
About This Property
Cozy Updated Ranch, Excellent Location set on just under 1/2acre
property in Mendham Borough just blocks away from schools,
shopping, dining, parks & more. Peaceful mid-block setting on a
tree-lined street & a huge backyard full of possibilities. Inviting
interior featuring gorgeous hardwood floors & crown molding,
spacious living room w/lots of natural light. The dining room is
open to a renovated kitchen w/white cabinets, granite counters,
tile backsplash, recessed lighting & SS appliances> Sliding
glass doors lead out to an oversized deck for effortless
indoor/outdoor entertaining & steps down to a deep fenced lawn
beyond w/a firepit. Wood floors continue down the hall to bedrooms
all serviced by a full bath. The LL has a fantastic, finished
rec-room for comfortable everyday living on one side, w/the other
side housing laundry, utilities storage & a water closet that could
easily be turn into a 1/2 bath w/the the addition of a sink.
Fantastic turn-key home in a great area.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$742
HOA Dues
-
Year Built
1954
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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 (NJMLS #24029165)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Sep 10, 2024 | Listed by Keller Williams Realty Metropolitan | $700,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
Price/ft²
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Sold On
Sold On
HOA + Taxes
About Mendham
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Listed by: Peter Lorenzo
Keller Williams Realty Metropolitan
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24029165
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Keller Williams Realty Metropolitan
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24029165
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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