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Somerset 08873
8 Hadler Drive
$382,500
● House - Off Market

8 Hadler Drive

Franklin, NJ 08873
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$572,005
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Move-in ready, large, split-level home with  4 bedrooms, 1.5 bathrooms located on a corner lot in beautiful residential section of Somerset. Entertainers dream with a large fenced-in backyard, pavestone patio, large deck, hot tub and more.

This property is in excellent condition. New air conditioner put in this year. 1 car garage, large driveway w/ plenty of parking, beautiful landscaping. Granite countertops, decorative/crown molding throughout the home, hardwood floors, stainless steel appliances, and more.

Located within close proximity to Rutgers and Robert Wood Johnson, major transportation hubs, and nearby shopping centers.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1956

Payment Calculator

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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: 3 years ago (MOMLS #21945836)

Price History

Date / Event Date Event Price
Mar 16, 2020 Sold
Premium
Sold
Nov 16, 2019 Listed by Keller Williams Realty West Monmouth $400,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,484
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053103

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 6201
  • District: 08
  • Parcel: 08 00355-0000-00004
  • Block: 355
  • Lot: 4
  • Municipality: FRANKLIN TWP
  • Latitude: 40.4893
  • Longitude: -74.5054

    Address

  • Full Address: 8 Hadler Dr
  • Address - House Number: 8
  • Address - Street Name: Hadler
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C004
  • 4-Digit Zip Code: 3321
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $768,628

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 501,033
  • High Value: 580,583
  • Low Value: 421,484

    Market Valuation

  • Market Total Value: $391,851
  • Market Land Value: $257,245
  • Market Improvement Value: $134,606

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,200
  • Assessed Land Value: $260,100
  • Assessed Improvements Value: $136,100

    Sales

  • Current Sale Contract Date: Mar 16, 2020
  • Current Sale Recording Date: Apr 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020014623
  • Previous Sale Recording Date: Nov 18, 2002
  • Previous Sale Contract Date: Oct 30, 2002
  • Previous Sale Amount: $170,000
  • 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 Somerset

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

46

Average Home Size

847 ft²

Average Home Age

48.4 years

Currently For Sale

53 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 6 Flower Road, Franklin, NJ, 08873

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,887 ft²
6 Flower Road, Franklin, NJ, 08873 Listing by LOUIS G. BARROOD
Unit for rent at 68 Ellison Rd, Franklin Twp., 08873-2256

$3,900 /mo

  • 3 Beds
  • 3 Baths
68 Ellison Rd, Franklin Twp., 08873-2256 Listing by GIANNA MANGIONE-MAGYAR

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eli Zafrani, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21945836
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 Hadler Drive built and last sold?
The property at 8 Hadler Drive was built in 1956 and last sold on Mar 16, 2020 for $382,500.
How much is this home worth?
The estimated value of the home located at 8 Hadler Drive is $0.
What are some comparable homes to 8 Hadler Drive?
There are currently no comparable homes to 8 Hadler Drive.
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