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Somerset
8 Broadway Road
$425,000
● House - Off Market

8 Broadway Road

Warren, NJ 07059
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,976 Ft²
$837,400
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

HUGE PRICE REDUCTION! CALLING ALL INVESTORS/BUILDERS! HOUSE ON 1.5 ACRES OF LAND IN A VERY DESIRABLE, UPSCALE NEIGHBORHOOD IN WARREN TOWNSHIP! The house needs work/rehab or rebuild, possible 203K Rehab Loan! The lot alone is extremely valuable and a very nice, large house can be built on this nice piece of land! This is not a short sale but is being sold strictly ''AS IS'', seller will make no repairs or concessions. Must make appointment due to dog. Cash offer preferred but not necessary.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$228
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
2015

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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: 3 years ago (MOMLS #21336293)

Price History

Date / Event Date Event Price
Sep 4, 2014 Sold
Premium
Sold
Oct 22, 2013 Listed by KELLER WILLIAMS ELITE REALTORS $449,900
Listed by KELLER WILLIAMS ELITE REALTORS
HUGE PRICE REDUCTION! CALLING ALL INVESTORS/BUILDERS! HOUSE ON 1.5 ACRES OF LAND IN VERY DESIRABLE, UPSCALE NEIGHBORHOOD IN WARREN! Rehab or rebuild. value in the land, nice large house can be built on this nice piece of land! Not short sale but sold AS IS no repairs or concessions. Cash offer preferred but not necessary

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 5,084
  • Building Area: 5,084
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,084
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001500
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Watchung Hills Regional School District
  • Census Tract: 052204

Zoning

  • Zoning: R65

Geography

  • Assessors Map Reference: TAX MAP 67
  • Account Number: 00014900
  • District: 20
  • Parcel: 20 00052-0000-00017- 03
  • Block: 52
  • Lot: 17.03
  • Municipality: WARREN TWP
  • Latitude: 40.6288
  • Longitude: -74.5165

    Address

  • Full Address: 8 Broadway Rd
  • Address - House Number: 8
  • Address - Street Name: Broadway
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Warren
  • Carrier Code: C099
  • 4-Digit Zip Code: 5002
  • Zip Code: 07059

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,095,180

    Appraisal Valuation

  • Standard Deviation: 0.1913
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 2,203,406
  • High Value: 2,625,039
  • Low Value: 1,781,773

    Market Valuation

  • Market Total Value: $1,575,360
  • Market Land Value: $306,569
  • Market Improvement Value: $1,268,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,597,100
  • Assessed Land Value: $310,800
  • Assessed Improvements Value: $1,286,300

    Sales

  • Current Sale Contract Date: Apr 01, 2016
  • Current Sale Recording Date: Apr 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016012925
  • Previous Sale Recording Date: Sep 05, 2014
  • Previous Sale Contract Date: Sep 04, 2014
  • Previous Sale Amount: $425,000
  • 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 Somerset

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1211 ft²

Average Home Age

24.6 years

Currently For Sale

1007 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

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MOMMLS

Listed by: Lucy C Phelan, Keller Williams Elite
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21336293
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 8 Broadway Road built and last sold?
The property at 8 Broadway Road was built in 2015 and last sold on Apr 1, 2016 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 8 Broadway Road is $0.
What are some comparable homes to 8 Broadway Road?
There are currently no comparable homes to 8 Broadway Road.
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