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Port Reading 07064
70 Vernon Way
$332,500
● House - Off Market

70 Vernon Way

Port Reading, NJ 07064
bedrooms
4 Beds
bathrooms
2 Baths
$393,392
RealtyHop Estimate
19.21%
Since Sep 1, 2021
NY-New York
Primary Model

About This Property

Expanded Front to Back Split Level! 4 bedrooms, 2 full baths. Features master bedroom suite with dressing area and full bath. Plenty of room to spread out and relax. Convenient to NJ Turnpike, Prologis Way, Schools and Shopping. Detached garage as-is - Usable with no known issues.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$782
HOA Dues
-
Year Built
1955

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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: 4 years ago (CJMLS #2116823R)

Price History

Date / Event Date Event Price
Aug 25, 2021 Sold
Premium
Sold
May 10, 2021 Listed by KELLER WILLIAMS ELITE REALTORS $330,000
Listed by KELLER WILLIAMS ELITE REALTORS
Jul 13, 2017 Listed $285,000
Listed
Expanded Front to Back Split Level! 4 bedrooms, 2 full baths. Features master bedroom suite with dressing area and full bath. Plenty of Room for the family to spread out and relax. Convenient to NJ Turnpike, Prologis Way, Schools and Shopping. Detached garage as-is - Usable with no known issues.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,750
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,810
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODBRIDGE ESTATES
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Woodbridge Township School District
  • Census Tract: 009101

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 103
  • Account Number: 29471
  • District: 25
  • Parcel: 25 01079- 02-00009
  • Block: 1079.02
  • Lot: 9
  • Municipality: WOODBRIDGE TWP
  • Latitude: 40.5725
  • Longitude: -74.2389

    Address

  • Full Address: 70 Vernon Way
  • Address - House Number: 70
  • Address - Street Name: Vernon
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Port Reading
  • Carrier Code: C001
  • 4-Digit Zip Code: 1332
  • Zip Code: 07064

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $995,323

    Appraisal Valuation

  • Standard Deviation: 0.1903
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 475,704
  • High Value: 566,262
  • Low Value: 385,145

    Market Valuation

  • Market Total Value: $78,900
  • Market Land Value: $17,800
  • Market Improvement Value: $61,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,900
  • Assessed Land Value: $17,800
  • Assessed Improvements Value: $61,100

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021115617
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Contract Date: Jul 08, 2005
  • Previous Sale Amount: $325,000
  • 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 Port Reading

Stats & Trends

Median Asking:

$589,999

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1495 ft²

Average Home Age

60.2 years

Currently For Sale

6 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 50 Chestnut Street, Avenel, NJ, 07001

$3,200 /mo

  • 3 Beds
  • 2 Baths
50 Chestnut Street, Avenel, NJ, 07001 Listing by OLATUBOSUN MODILE
Unit for rent at 36 2nd Avenue, Port Reading, NJ, 07064

$3,000 /mo

  • 4 Beds
  • 1 Bath
36 2nd Avenue #B, Port Reading, NJ, 07064 Listing by YOUSUF S. SYED

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: RICHARD PHELAN
KELLER WILLIAMS ELITE REALTORS
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2116823R

Frequently Asked Questions

When was property at 70 Vernon Way built and last sold?
The property at 70 Vernon Way was built in 1955 and last sold on Aug 25, 2021 for $332,500.
How much is this home worth?
The estimated value of the home located at 70 Vernon Way is $333,300.
What are some comparable homes to 70 Vernon Way?
There are currently no comparable homes to 70 Vernon Way.
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