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Bound Brook 08805
742 Cedar Crest Drive
$453,000
● House - Off Market

742 Cedar Crest Drive

Bound Brook, NJ 08805
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$456,075
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Location, Location, Location....*Beautifully UPDATED* Near Shopping, Restaurants, Parks, Schools Home Depot, Costco and ShopRite around the corner and much more!!! 4 Bedrooms and 2.5 Bath Split level IN ADDITION, a small room for home office attached to first floor bedroom. Attached 1 car garage with remote opener.Updated Kitchen with Granet Counter top! Lots of closets, Master bedroom with huge Closet, Charming Front Yard Welcomes You Into Spacious Layout. Gorgeous Fenced backyard With Privacy deck and Paved walkway. Perfect Home.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$791
HOA Dues
-
Year Built
1957

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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 #2302753R)

Price History

Date / Event Date Event Price
Dec 9, 2022 No longer available -
No longer available
Dec 8, 2022 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Nov 9, 2022 Relisted $429,900
Relisted
Oct 8, 2022 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,800
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,667
  • Building Area: 1,667
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,667
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000156
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Bound Brook Borough School District
  • Census Tract: 051200

Zoning

  • Zoning: R3

Geography

  • District: 04
  • Parcel: 04 00109-0000-00012
  • Block: 109
  • Lot: 12
  • Municipality: BOUND BROOK BORO
  • Latitude: 40.5719
  • Longitude: -74.5518

    Address

  • Full Address: 742 Cedar Crest Dr
  • Address - House Number: 742
  • Address - Street Name: Cedar Crest
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Bound Brook
  • Carrier Code: C011
  • 4-Digit Zip Code: 1133
  • Zip Code: 08805

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,043,887

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 486,115
  • High Value: 583,358
  • Low Value: 388,872

    Market Valuation

  • Market Total Value: $424,938
  • Market Land Value: $229,411
  • Market Improvement Value: $195,527

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $442,700
  • Assessed Land Value: $239,000
  • Assessed Improvements Value: $203,700

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 48912
  • Previous Sale Recording Date: Jan 20, 2016
  • Previous Sale Contract Date: Dec 28, 2015
  • Previous Sale Amount: $275,000
  • 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 Bound Brook

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$308

Below Asking

0.01%

Average Days on Market

65

Average Home Size

671 ft²

Average Home Age

106.4 years

Currently For Sale

7 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 153 Main St, South Bound Brook Boro, 08880-1408

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 2,050 ft²
153 Main St #106, South Bound Brook Boro, 08880-1408 Listing by TINA REBIMBAS TORRES
Unit for rent at 518 Vosseller Ave, Bound Brook Boro, 08805-1279

$3,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,246 ft²
518 Vosseller Ave #207, Bound Brook Boro, 08805-1279 Listing by MARTIN ABRAMSON

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: SAM MIKHAIL
EXP REALTY, LLC
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 2302753R

Frequently Asked Questions

When was property at 742 Cedarcrest Drive built and last sold?
The property at 742 Cedarcrest Drive was built in 1957 and last sold on Dec 2, 2022 for $453,000.
How much is this home worth?
The estimated value of the home located at 742 Cedarcrest Drive is $0.
What are some comparable homes to 742 Cedarcrest Drive?
There are currently no comparable homes to 742 Cedarcrest Drive.
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