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Middlesex 08820
772 Old Raritan Road
$315,000
● Land - Off Market

772 Old Raritan Road

Edison, NJ 08820
bedrooms
Studio
bathrooms
0 Bath
$330,402
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$547
HOA Dues
-
Year Built
1935

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 years ago (CJMLS #1805172)

Price History

Date / Event Date Event Price
May 11, 2022 Sold
Premium
Sold
Jan 6, 2022 Listed by JACK PEDERSEN REALTY $500,000
Listed by JACK PEDERSEN REALTY
Build your own dream home on this 75 x 317 Lot. Existing 2 bedroom home has little value - Beautiful location with a park like yard - backs up to wooded area. 776 Old Raritan is available too - lot size 75 x 330. DO NOT GO TO PROPERTY WITHOUT TEXTING AGENT
Dec 23, 2021 Sold
Premium
Sold
Sep 28, 2017 Listed by JOHN ANTHONY AGENCY C-21 $299,900
Listed by JOHN ANTHONY AGENCY C-21

Property Highlights

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • 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: 100
  • 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

    Dimensions

  • Lot Size Square Feet: 23,775
  • Lot Size Depth Feet: 3,170
  • Lot Size Frontage Feet: 750
  • Total Building Area: 597
  • Building Area: 597
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 597
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000546
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001412

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: TAX MAP 81
  • Account Number: 00010557
  • District: 05
  • Parcel: 05 00408-0000-00004
  • Block: 408
  • Lot: 4
  • Municipality: EDISON TWP
  • Latitude: 40.6
  • Longitude: -74.3867

    Address

  • Full Address: 772 Old Raritan Rd
  • Address - House Number: 772
  • Address - Street Name: Old Raritan
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Edison
  • Carrier Code: C084
  • 4-Digit Zip Code: 1014
  • Zip Code: 08820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $741,080

    Appraisal Valuation

  • Standard Deviation: 0.0857
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 321,332
  • High Value: 348,880
  • Low Value: 293,785

    Market Valuation

  • Market Total Value: $129,900
  • Market Land Value: $101,300
  • Market Improvement Value: $28,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,900
  • Assessed Land Value: $101,300
  • Assessed Improvements Value: $28,600

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 46029
  • Previous Sale Recording Date: Jan 05, 2022
  • Previous Sale Contract Date: Oct 13, 2021
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 12
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 Middlesex

Stats & Trends

Median Asking:

$564,900

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1358 ft²

Average Home Age

42.9 years

Currently For Sale

1850 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 321 E 3rd St, 07060-2396

$2,000 /mo

  • 1 Bed
  • 1 Bath
  • 756 ft²
321 E 3rd St #205, 07060-2396 Listing by FELIX SANTANA
Unit for rent at 1315 Murray Avenue, South Plainfield, NJ, 07060

$2,000 /mo

  • 1 Bed
  • 1 Bath
1315 Murray Avenue, South Plainfield, NJ, 07060 Listing by JOSEPH DEVIZIO

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: RUPAL DESAI
JOHN ANTHONY AGENCY C-21
Last Updated: 4 years ago
Data Source: CJMLS , MLS# 1805172

Frequently Asked Questions

When was property at 772 Old Raritan Road built and last sold?
The property at 772 Old Raritan Road was built in 1935 and last sold on May 4, 2022 for $930,000.
How much is this home worth?
The estimated value of the home located at 772 Old Raritan Road is $0.
What are some comparable homes to 772 Old Raritan Road?
There are currently no comparable homes to 772 Old Raritan Road.
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