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Roosevelt 08555
9 Lake Drive
$457,000
● House - Off Market

9 Lake Drive

Roosevelt, NJ 08555
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,780 Ft²
$2,792
Est. Monthly
8.95%
Cap Rate

About This Property

This colonial-style residence features a first-floor mother-daughter suite, complete with a second kitchen and a full bath. Surrounding the house are wooded areas both across the street and behind it. Upon entering through the foyer, you'll find a generously proportioned living room and a formal dining room. The dining room connects to a glass atrium through sliding glass doors, providing a scenic view of the wooded yard. The spacious eat-in kitchen leads to the mother-daughter addition, which is well-suited for use as an in-law suite. The second floor includes a full bath, a primary bedroom, and two other generously sized bedrooms, all featuring hardwood floors. The property is connected to public water and sewer systems for added convenience.
Unit Size
1,780 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$239
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
1985

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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 #22406773)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Mar 12, 2024 Listed by RE/MAX Innovation $425,000
Listed by RE/MAX Innovation

Property Highlights

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • 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: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 1,780
  • Building Area: 1,780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000528
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Roosevelt Borough School District
  • Census Tract: 812502

Zoning

  • Zoning: SF40

Geography

  • Account Number: 00156500
  • District: 40
  • Parcel: 40 00010-0000-00022
  • Block: 10
  • Lot: 22
  • Municipality: ROOSEVELT BORO
  • Latitude: 40.2142
  • Longitude: -74.4737

    Address

  • Full Address: 9 Lake Dr
  • Address - House Number: 9
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Roosevelt
  • Carrier Code: R777
  • 4-Digit Zip Code: 7007
  • Zip Code: 08555

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $846,165

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 428,568
  • High Value: 465,229
  • Low Value: 391,907

    Market Valuation

  • Market Total Value: $296,900
  • Market Land Value: $138,000
  • Market Improvement Value: $158,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,900
  • Assessed Land Value: $138,000
  • Assessed Improvements Value: $158,900

    Sales

  • Current Sale Contract Date: May 18, 2006
  • Current Sale Recording Date: May 26, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Roosevelt

Stats & Trends

Median Asking:

$489,000

Sale Price/ft²

$319

Below Asking

0.03%

Average Days on Market

76

Average Home Size

1622 ft²

Average Home Age

96 years

Currently For Sale

4 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

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MOMMLS

Listed by: Alzira Farinhas, RE/MAX Innovation
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22406773
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 9 Lake Drive built and last sold?
The property at 9 Lake Drive was built in 1985 and last sold on May 18, 2006 for $275,000.
How much is this home worth?
The estimated value of the home located at 9 Lake Drive is $433,400.
What are some comparable homes to 9 Lake Drive?
There are currently no comparable homes to 9 Lake Drive.
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