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7 Dorchester Dr

Monroe, NJ 08831

2 bd 2 ba 1,404 sqft Built 1983 Lot 6,011 sqft duplex_triplex
Most recent sale
$435,000
Jul 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 29, 2022 Sold $435,000 MLS #2214508R
Jun 3, 2022 Listed $409,000 MLS #2214508R
Dec 3, 2019 Sold $320,000 Public Record
Dec 11, 2018 Sold $195,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $113,700 $50,000 $163,700 $4,340
2020 $113,700 $50,000 $163,700 $4,351
2019 $82,300 $50,000 $132,300 $3,437
2018 $82,300 $50,000 $132,300 $3,161
2017 $82,300 $50,000 $132,300 $3,108
2016 $82,300 $50,000 $132,300 $3,308
2015 $82,300 $50,000 $132,300 $2,978
2014 $82,300 $50,000 $132,300 $3,120
2013 $38,000 $30,000 $68,000 $2,979
2012 $38,000 $30,000 $68,000 $2,957
2011 $38,000 $30,000 $68,000 $2,656
2010 $96,300 $37,000 $133,300 $4,928
2009 $96,300 $37,000 $133,300 $4,510
2008 $96,300 $37,000 $133,300 $4,409

Property facts

Year built
1983
Property type
duplex_triplex
Stories
1
Beds
2
Baths
2
Living area
1,404 sqft
Lot size
6,011 sqft
ZIP code
08831
City
Monroe
Street
Dorchester Dr
Coordinates
40.31224, -74.44410

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,106
Gross rental yield
5.81%
Implied cap rate
3.78%
Trend-extrapolated value

Frequently asked questions

When did 7 Dorchester Dr last sell?
7 Dorchester Dr most recently sold on Jul 29, 2022 for $435,000.
What is the current tax assessment for 7 Dorchester Dr?
The most recent total assessment for 7 Dorchester Dr (year 2021) is $163,700 with $4,340 in property tax.
How does 7 Dorchester Dr's assessment compare to its last sale price?
The current assessment is 62.4% below the last sale price of $435,000.
When was 7 Dorchester Dr built?
7 Dorchester Dr was built in 1983.
How does 7 Dorchester Dr compare to others on Dorchester Dr?
We track 7 other properties on Dorchester Dr. Browse the list under "Other properties on Dorchester Dr" to compare beds, baths, and sale history.
What are the property facts for 7 Dorchester Dr?
7 Dorchester Dr is a 2 bed, 2 bath, 1,404 sqft, 6,011 sqft lot duplex_triplex.
Is 7 Dorchester Dr a flip candidate?
Yes — 7 Dorchester Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 7 Dorchester Dr a tax-appeal candidate?
No — 7 Dorchester Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-2.2%
Implied 1-yr
-8.8%
2026 Q3
$489.3K
2026 Q4
$476.7K
ZIP 08831 — Median Price History + Forecast

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