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Middlesex 07747
94 Lakeridge Drive
$410,000
● House - Off Market

94 Lakeridge Drive

Matawan, NJ 07747
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$572,325
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Desirable Lakeridge location,  2 level home, master bedroom suite on 1st floor, 4 bedroom, 2.5 baths, 2 car garage. Situated in a corner lot, with easy access to Hwys, mass transit and shopping, a commuters dream! A unique home  that offers oversize rooms , w/leaded windows & Hwd floors through, and a wrap around yard. Must see to appreciate!

1x fee $350 due at closing, $475 annual HOA fee
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$846
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: 3 years ago (MOMLS #21837803)

Price History

Date / Event Date Event Price
Jul 24, 2019 Sold
Premium
Sold
Sep 25, 2018 Listed by RE/MAX Champions $390,000
Listed by RE/MAX Champions

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: 24,764
  • Lot Size Depth Feet: 1,510
  • Lot Size Frontage Feet: 1,640
  • Total Building Area: 2,309
  • Building Area: 2,309
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,309
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF LAKE LAFFERTS ESTATES SECTION 2
  • Land Acres: 0000000569
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: BLOCK: 12000.27

Neighborhood

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

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 1211
  • Account Number: 07739000
  • District: 15
  • Parcel: 15 12000- 27-00026
  • Block: 12000
  • Lot: 26
  • Municipality: OLD BRIDGE TWP
  • Latitude: 40.4087
  • Longitude: -74.2566

    Address

  • Full Address: 94 Lakeridge Dr
  • Address - House Number: 94
  • Address - Street Name: Lakeridge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C017
  • 4-Digit Zip Code: 3739
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,108,727

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 711,136
  • High Value: 830,621
  • Low Value: 591,652

    Market Valuation

  • Market Total Value: $207,200
  • Market Land Value: $63,700
  • Market Improvement Value: $143,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,200
  • Assessed Land Value: $63,700
  • Assessed Improvements Value: $143,500

    Sales

  • Current Sale Contract Date: Jul 23, 2019
  • Current Sale Recording Date: Aug 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019061155
  • Previous Sale Recording Date: Apr 24, 2006
  • Previous Sale Contract Date: Apr 07, 2006
  • Previous Sale Amount: $485,000
  • Previous 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 Middlesex

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

75

Average Home Size

1339 ft²

Average Home Age

38 years

Currently For Sale

1854 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: Patricia Champion, RE/MAX Champions
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21837803
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 94 Lakeridge Drive built and last sold?
The property at 94 Lakeridge Drive was built in 1966 and last sold on Jul 23, 2019 for $410,000.
How much is this home worth?
The estimated value of the home located at 94 Lakeridge Drive is $0.
What are some comparable homes to 94 Lakeridge Drive?
There are currently no comparable homes to 94 Lakeridge Drive.
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