Middlesex
8 Merker Drive
$435,000
●
House -
Off Market
8 Merker Drive
Edison, NJ 08837
3 Beds
3 Baths
$644,452
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
GOLD HOME! Beautifully updated and maintained home in desirable
Heights neighborhood of Edison Township. Open the front door and be
greeted by the warmth of the sunny open floor plan. Wonderful
hardwood floors and space abounds. The bright kitchen boasts
stainless steel appliances, quartz counters and Pella doors with
blinds that open to a screened porch. Formal dining room and bonus
sitting room or office if you prefer. Hardwood floors are found
under carpet in all bedrooms. Downstairs has a great family room
with gas fireplace and huge room with potential to be a 4th bedroom
plus a 3rd full bath. The fenced yard and patio are perfect for
entertaining and natural gas grill included. Ideal location
in quiet neighborhood is close to shopping, public transportation
and James Monroe element
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$844
HOA Dues
-
Year Built
1961
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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 #21926768)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2019 | Sold | ||
| Sold | |||
| Jun 27, 2019 | Listed by ERA CENTRAL REALTY GROUP | $440,000 | |
| Listed by ERA CENTRAL REALTY GROUP | |||
| | |||
|
Beautifully updated and maintained Gold rated home in desirable Heights section. Open the front door and be greeted by the warmth of the sunny open floor plan. Wonderful hardwood floors and space abounds. Bright kitchen boasts stainless appliances, quartz counters and Pella doors with blinds that open to screened porch. Formal dining room and bonus sitting room or office if you prefer. Hardwood floors under carpet in all bedrooms. Downstairs has a great family room with gas fireplace and huge room with potential to be 4th bedroom plus a 3rd full bath. The fenced yard and patio are perfect for entertaining and natural gas grill included. Ideal location in quiet neighborhood is close to shopping, public transportation and James Monroe elementary school. Make this dream home yours!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Middlesex
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Listed by: Suzanne Kenny, ERA Central Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21926768
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.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21926768
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017