9 Timber Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 27, 2024 | Listed by REALTYMARK SELECT | $1,800,000 | |
| Listed by REALTYMARK SELECT | |||
| Apr 17, 2023 | Sold | ||
| Sold | |||
| Mar 1, 2023 | Listed by WEICHERT CO REALTORS | $660,000 | |
| Listed by WEICHERT CO REALTORS | |||
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Welcome to this well-maintained, centrally located, North facing home in North Edison. Minutes from Metro Park train station, Oak Tree Road, and major highways, this home sits on a level 0.46acre park like lot, where you can also plan to build your Dream House. Sunlight suffuses the 3 Bedrooms in the upper level as well as the Family Room, Kitchen, and Dining Room below. 3 sets of sliding/patio doors allow the sun to stream into the Kitchen, Family and Dining Rooms, and lead to a huge field like backyard, perfect for entertaining and all your gatherings. Or, take in the tranquil surrounding, enjoy the peace. The Living Room towards the front of the house leads to the entrance Foyer, and upstairs to the 3 Bedrooms and 2 Full Bathrooms. The primary bedroom, with an ensuite bathroom, is in the south east corner of the house and gives you a view of the secluded yard below. Hardwood floors throughout the two upper levels. The Powder Room and Laundry/Mud room (next to the garage and side door) are in the lower level of the house. Highly rated schools: Menlo Park Elementary, Woodrow Wilson MS (school bus stops across the street), and JP Stevens HS (less than a mile from the house). Centrally located: close to Metro Park train station, Menlo Park Mall, Oak Tree Road shopping and restaurants, Roosevelt Park, Metuchen downtown, Garden State Parkway & Route 1. Showings Start on Friday, March 3rd @ 12:30PM.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017