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Middlesex 07747
88 Lakeridge Drive
$418,000
● House - Off Market

88 Lakeridge Drive

Old Bridge, NJ 07747
bedrooms
5 Beds
bathrooms
3 Baths
$866,434
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

IS YOUR EMPTY NEST NOW FULL? IF SO THIS IS THE HOUSE FOR YOU! THIS MAGNIFICENT HOME IN THE DESIRABLE LAKERIDGE AREA HAS A SEPERATE APARTMNET FEATURING 2 BEDROOMS 1 BATH ,LIVING ROOM AND A FULL KITCHEN AND EVEN A BALCONY. THE MAIN HOUSE HAS BEEN COMPLETELY UPDATED FROM TOP TO BOTTOM FROM THE WONDERFUL KITCHEN WITH CUSTOM TILE,LUSH BATHROOMS,SUN ROOM AND PARK LIKE BACKYARD THIS COMMUNITY OFFERS A POOL AND TENNIS COURT. THIS HOME IS A MUST SEE!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$796
HOA Dues
$40
Year Built
1966

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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: 2 years ago (MOMLS #21206021)

Price History

Date / Event Date Event Price
Sep 10, 2013 Sold
Premium
Sold
Feb 14, 2012 Listed by Weichert Realtors-Holmdel $445,000
Listed by Weichert Realtors-Holmdel

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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: 23,095
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 1,490
  • Total Building Area: 2,512
  • Building Area: 2,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIKE LEFFERTS ESTATES SEC 02
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: BLOCK: 12000.18

Neighborhood

  • School District Name: Old Bridge Township School District
  • Census Tract: 007911

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 1211
  • Account Number: 07555000
  • District: 15
  • Parcel: 15 12000- 18-00012
  • Block: 12000
  • Lot: 12
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4083
  • Longitude: -74.2576

    Address

  • Full Address: 88 Lakeridge Dr
  • Address - House Number: 88
  • Address - Street Name: Lakeridge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C017
  • 4-Digit Zip Code: 3738
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,183,106

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 740,274
  • High Value: 866,030
  • Low Value: 614,517

    Market Valuation

  • Market Total Value: $221,100
  • Market Land Value: $66,800
  • Market Improvement Value: $154,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,100
  • Assessed Land Value: $66,800
  • Assessed Improvements Value: $154,300

    Sales

  • Current Sale Contract Date: Sep 05, 2013
  • Current Sale Recording Date: Oct 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 201310180067
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 Middlesex

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$346

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1542 ft²

Average Home Age

12.9 years

Currently For Sale

2916 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

Rentals Near You

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MOMMLS

Listed by: Debra Grillo, Weichert Realtors-Holmdel
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21206021
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 88 Lakeridge Drive built and last sold?
The property at 88 Lakeridge Drive was built in 1966 and last sold on Sep 5, 2013 for $418,000.
How much is this home worth?
The estimated value of the home located at 88 Lakeridge Drive is $0.
What are some comparable homes to 88 Lakeridge Drive?
There are currently no comparable homes to 88 Lakeridge Drive.
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