7 Margaret Dr
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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.
Property Highlights
Building Info
Overview
- Year Built: 1957
- Effective Year Built: 1957
- 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
General
- Lot Size Square Feet: 10,890
- Total Building Area: 2,291
- Building Area: 2,291
- Building Area Measurement: L
Dimensions
- Air Conditioning: 0
- Heating: 0
- Heated Square Feet: 2,291
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Land Acres: 0000000250
- Standard Land Use Code: 1001
- County Land Use Code: 2
- Legal Description 1: ADDITIONAL LOTS: 57X140 IRR
Neighborhood
- School District Name: Montville Township School District
- Census Tract: 040803
Zoning
- Zoning: R15
Geography
- Assessors Map Reference: TAX MAP 56
- District: 21
- Parcel: 21 00171-0000-00007
- Block: 171
- Lot: 7
- Municipality: MONTVILLE TWP
- Latitude: 40.8611
- Longitude: -74.3318
- Full Address: 7 Margaret Dr
- Address - House Number: 7
- Address - Street Name: Margaret
- Address - Suffix Type: Dr
- State: NJ
- City Name: Pine Brook
- Carrier Code: R033
- 4-Digit Zip Code: 9745
- Zip Code: 07058
Address
Valuation
- Tax Year: 2023
- Tax Amount: $987,556
Tax
- Standard Deviation: 0.1593
- Valuation Date: Feb 14, 2024
- Confidence Score: 80
- Final Value: 621,162
- High Value: 720,160
- Low Value: 522,165
Appraisal Valuation
- Total Open Liens:
- Total Open Liens Amount:
- First Open Lien Mortgage Lender:
- First Open Lien Mortgage Recording Date:
- First Open Lien Mortgage Loan Amount:
- First Open Lien Mortgage Term:
- First Open Lien Mortgage Position:
- First Open Lien Mortgage Loan Type:
- First Open Lien Mortgage Loan Due Date:
Open Liens
- Market Total Value: $450,505
- Market Land Value: $211,646
- Market Improvement Value: $238,859
Market Valuation
- Assessed Year: 2023
- Assessed Total Value: $379,100
- Assessed Land Value: $178,100
- Assessed Improvements Value: $201,000
Assessments Valuation
- Current Sale Contract Date: May 27, 2022
- Current Sale Recording Date: Jul 21, 2022
- Current Sale Price:
- Current Sale Document Type: 27
- Current Sale Input Document Number: 50014
- Previous Sale Recording Date: Jun 09, 2015
- Previous Sale Contract Date: May 28, 2015
- Previous Sale Amount: $425,000
- Previous Sale Document Type: 12
Sales
7 Margaret Dr
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About Morris
Stats & Trends
Median Asking:
$699,900Sale Price/ft²
$339Below Asking
0.01%Average Days on Market
36Average Home Size
983 ft²Average Home Age
-Currently For Sale
1438 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Data Source: GSMLS, MLS#
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017