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Matawan 07747
70 Middlesex Road
$300,000
● House - Off Market

70 Middlesex Road

Matawan, NJ 07747
bedrooms
2 Beds
bathrooms
2 Baths
$347,816
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Presenting a cozy Ranch-style home with 2 bedrooms and 2 bathrooms. The property features a two-car garage with added storage, a driveway for extra parking, central air, and gas heating. Home also features full basement with many opportunities. Enjoy wood flooring in the living room and bedrooms, with tiled kitchen and bathrooms. The house is conveniently situated near major highways NYC transportation.
Unit Size
-
Days on Market
32 days
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$757
HOA Dues
-
Year Built
1960

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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: 9 months ago (MOMLS #22323056)

Price History

Date / Event Date Event Price
Sep 19, 2023 Sold
Premium
Sold
Aug 18, 2023 Listed by Keller Williams Realty East Monmouth $349,999
Listed by Keller Williams Realty East Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,040
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,615
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 1,330
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000473
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 803000

Zoning

  • Zoning: SF05

Geography

  • Assessors Map Reference: TAX MAP 22
  • Account Number: 10650
  • District: 31
  • Parcel: 31 00071-0000-00009
  • Block: 71
  • Lot: 9
  • Municipality: MATAWAN BORO
  • Latitude: 40.4235
  • Longitude: -74.2466

    Address

  • Full Address: 70 Middlesex Rd
  • Address - House Number: 70
  • Address - Street Name: Middlesex
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C004
  • 4-Digit Zip Code: 3031
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $957,864

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 421,517
  • High Value: 505,684
  • Low Value: 337,349

    Market Valuation

  • Market Total Value: $440,600
  • Market Land Value: $309,100
  • Market Improvement Value: $131,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,600
  • Assessed Land Value: $309,100
  • Assessed Improvements Value: $131,500

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 68687
  • Previous Sale Recording Date: Sep 22, 1999
  • Previous Sale Contract Date: Aug 13, 1999
  • Previous Sale Amount: $145,900
  • 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 Matawan

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$340

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1535 ft²

Average Home Age

69.7 years

Currently For Sale

19 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 126 Main Street, Matawan, NJ, 07747

$2,775 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
126 Main Street #412, Matawan, NJ, 07747 Listing by Nikita Bhasin
Unit for rent at 118 Sloan Court, Matawan, NJ, 07747

$2,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,440 ft²
118 Sloan Court, Matawan, NJ, 07747 Listing by Maria Ackerman

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Crista Trovato, Keller Williams Realty East Monmouth
Last Updated: 9 months ago
Data Source: MOMMLS, MLS# 22323056
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.

Frequently Asked Questions

When was property at 70 Middlesex Road built and last sold?
The property at 70 Middlesex Road was built in 1960 and last sold on Sep 29, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 70 Middlesex Road is $353,499.
What are some comparable homes to 70 Middlesex Road?
There are currently no comparable homes to 70 Middlesex Road.
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