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Madison Park 08859
8 Princeton Road
$267,000
● House - Off Market

8 Princeton Road

Parlin, NJ 08859
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,368 Ft²
$526,262
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Best value in desirable Madison Park. Enjoy the high-end, energy efficient, Brand New Furnace & hot water heater! Outstanding, open floor plan with tremendous kitchen, light, bright and airy living room, formal dining room plus a bonus 4th bedroom, office or in- law room. The spacious basement is semi finished w/windows. Gleaming wood floors throughout. The big back yard is perfect for entertaining. Added bonus: an enclosed car port! This opportunity won't last. Tour this stunner today!
Unit Size
1,368 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$197
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1956

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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 #21317232)

Price History

Date / Event Date Event Price
Jul 24, 2013 Sold
Premium
Sold
May 17, 2013 Listed by KELLER WILLIAMS WEST MONMOUTH $270,000
Listed by KELLER WILLIAMS WEST MONMOUTH
Best value in desirable Madison Park. Enjoy the high-end, energy efficient, Brand New Furnace & hot water heater! Outstanding, open floor plan with tremendous kitchen, light, bright and airy living room, formal dining room plus a bonus 4th bedroom, office or in- law room. The spacious basement is semi finished. Tour today

Property Highlights

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: 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: 7,314
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 690
  • Total Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADISON PARK SEC 2-C & 2-D
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007905

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 5.12
  • Account Number: 05085000
  • District: 15
  • Parcel: 15 05000- 28-00006
  • Block: 5000.28
  • Lot: 6
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4497
  • Longitude: -74.3105

    Address

  • Full Address: 8 Princeton Rd
  • Address - House Number: 8
  • Address - Street Name: Princeton
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Parlin
  • Carrier Code: C005
  • 4-Digit Zip Code: 1215
  • Zip Code: 08859

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $700,225

    Appraisal Valuation

  • Standard Deviation: 0.1881
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 506,818
  • High Value: 602,157
  • Low Value: 411,480

    Market Valuation

  • Market Total Value: $126,600
  • Market Land Value: $50,700
  • Market Improvement Value: $75,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $126,600
  • Assessed Land Value: $50,700
  • Assessed Improvements Value: $75,900

    Sales

  • Current Sale Contract Date: Jul 23, 2013
  • Current Sale Recording Date: Sep 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 201309100528

    Financing

  • First Mortgage Financing Type: ADJ
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 Madison Park

Stats & Trends

Median Asking:

$499,500

Sale Price/ft²

$414

Above Asking

0.00%

Average Days on Market

53

Average Home Size

1305 ft²

Average Home Age

68.3 years

Currently For Sale

9 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 13 Oak Wood Drive, Parlin, NJ, 08859

$3,800 /mo

  • 4 Beds
  • 2 Baths
13 Oak Wood Drive, Parlin, NJ, 08859 Listing by NAYNA PATEL

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dana Cadena, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21317232
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 Princeton Road built and last sold?
The property at 8 Princeton Road was built in 1956 and last sold on Jul 23, 2013 for $267,000.
How much is this home worth?
The estimated value of the home located at 8 Princeton Road is $288,454.
What are some comparable homes to 8 Princeton Road?
There are currently no comparable homes to 8 Princeton Road.
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