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Fords 08863
88 Summit Avenue
$340,000
● House - Off Market

88 Summit Avenue

Fords, NJ 08863
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$520,566
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

-RENOVATED 5-BEDROOM HOME- NEW KITCHEN, NEW BATHROOMS, NEW TILED FLOOR ON THE 1ST LEVER. 2ND LIVING ROOM ON THE 2ND FLOOR. CENTRAL 2-ZONE AC, NEW TANKLESS WATER HEATER LARGE FENCED BACKYARD with NEW TILED PATIO. GREAT LOCATION FOR COMMUTERS!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
$781
HOA Dues
-
Year Built
1944

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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 #21833272)

Price History

Date / Event Date Event Price
Nov 15, 2018 Sold
Premium
Sold
Aug 21, 2018 Listed by RE/MAX Homeland Realtors $343,000
Listed by RE/MAX Homeland Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,798
  • Building Area: 1,798
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,798
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FORDS PARK
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Woodbridge Township School District
  • Census Tract: 003201

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 18
  • Account Number: 2642
  • District: 25
  • Parcel: 25 00139- 06-00092- 02
  • Block: 139.06
  • Lot: 92.02
  • Municipality: WOODBRIDGE TWP
  • Latitude: 40.5354
  • Longitude: -74.3134

    Address

  • Full Address: 88 Summit Ave
  • Address - House Number: 88
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Fords
  • Carrier Code: C005
  • 4-Digit Zip Code: 1720
  • Zip Code: 08863

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,042,594

    Appraisal Valuation

  • Standard Deviation: 0.2021
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 542,515
  • High Value: 652,179
  • Low Value: 432,851

    Market Valuation

  • Market Total Value: $87,400
  • Market Land Value: $21,700
  • Market Improvement Value: $65,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,400
  • Assessed Land Value: $21,700
  • Assessed Improvements Value: $65,700

    Sales

  • Current Sale Contract Date: Nov 15, 2018
  • Current Sale Recording Date: Dec 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201800102917
  • Previous Sale Recording Date: Jul 08, 2014
  • Previous Sale Contract Date: Jul 21, 2013
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: 12
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 Fords

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1207 ft²

Average Home Age

77.2 years

Currently For Sale

23 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: Svetlana Kim, RE/MAX Homeland Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21833272
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 Summit Avenue built and last sold?
The property at 88 Summit Avenue was built in 1944 and last sold on Nov 15, 2018 for $340,000.
How much is this home worth?
The estimated value of the home located at 88 Summit Avenue is $346,430.
What are some comparable homes to 88 Summit Avenue?
There are currently no comparable homes to 88 Summit Avenue.
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