Essex
80 Morningside Rd
$549,000
●
House -
Off Market
80 Morningside Rd
Verona Twp., NJ 07044
3 Beds
2 Baths
$570,247
RealtyHop Estimate
3.87%
Since May 1, 2023
NY-New York
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1911
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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: 2 years ago (GSMLS #3832040)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2023 | Sold | ||
| Sold | |||
| Mar 17, 2023 | In contract | - | |
| In contract | |||
| Feb 28, 2021 | No longer available | - | |
| No longer available | |||
| Feb 17, 2021 | Listed | $489,000 | |
| Listed | |||
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30K in recent updates include new energy-efficient windows in the front room, first-floor ductless a/c system, new water heater, and backyard fencing. This well cared for and lovingly maintained 3 bedroom/2 full bath colonial/contemporary boasts a welcoming open floor plan design with generous sitting, entertainment, and dining areas in one impressive package featuring hardwood floors, built-in shelving, high coffered ceilings, and a wood-burning fireplace. The kitchen offers generous counter/cabinet space with sliders to a private deck and a beautifully landscaped fenced-in yard. The finished basement includes a full bath, laundry, rec room, and direct access to the oversized garage.
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| Jul 9, 2017 | Listed | $434,000 | |
| Listed | |||
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Nestled in the HEART OF FOREST AVE section this 3 BR 2 FB colonial has all the tranquilty and charm todays buyer is looking for! OPEN FLOOR PLAN with LR, Fam Room /WB FP,and built ins, DR, Sunny kitchen w/breakfast bar,S/S appliances and sliders to deck. Large Bedroom , Full bath and enclosed porch/den on first as well. Gracious exposed stairway leads to 2 great size bedrooms and loft area on second. Finished lower level with full bath, rec room, laundry room and access to oversized 2 car garage. Beautifully landscaped gardens and private patio, fenced in yard and rear deck encourage outdoor entertaining! Walk to school,bus,Verona Park,shopping and restaurants!
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Essex
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Last Updated: 2 years ago
Data Source: GSMLS, MLS#
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Data Source: GSMLS, MLS#
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