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Monmouth 07712
1 Mallard Lane
$880,000
● House - Off Market

1 Mallard Lane

Ocean Twp, NJ 07712
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,700 Ft²
$5,632
Est. Monthly
5.09%
Cap Rate

About This Property

Beautiful updated 5 BR, 3 bath center hall colonial. Bright & airy open floor plan features 2020 kitchen w/ quartz countertops, 6 burner stove, farmhouse sink, marble backsplash, breakfast bar, pantry, large dinette, all open to step down family room w/ gas FPL & open again to LR. There are HW floors, a formal DR & a 5th BR/office plus full bath on 1st floor. 2nd floor has oversized primary BR w/ walk-in closet, full bath w/ shower stall plus jacuzzi tub. & a door to 4th BR which could be a nursery, office or en suite. All closets are generous. Full finished basement  w/ 3 open rooms, huge deck plus an inground heated pool. Best of all is an owned solar system providing FREE ELECTRIC ($4) possibly a profit for 10 more years to come. All on 1/2 acre. Close to shopping, major highways.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$348
Property Type
House
Property Taxes
$1,017
HOA Dues
-
Year Built
1994

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (MOMLS #22332036)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Nov 17, 2023 Listed by Gavin Agency $939,900
Listed by Gavin Agency

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 3
  • Basement Area: 1,178
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 22,987
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 1,270
  • Total Building Area: 2,702
  • Building Area: 2,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,702
  • 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
  • Legal Description 1: ADDITIONAL LOTS: % OF 15.07

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806503

Zoning

  • Zoning: SF20

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 37
  • Parcel: 37 00037- 17-00001
  • Block: 37.17
  • Lot: 1
  • Municipality: OCEAN TWP
  • Latitude: 40.2352
  • Longitude: -74.075

    Address

  • Full Address: 1 Mallard Ln
  • Address - House Number: 1
  • Address - Street Name: Mallard
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Ocean
  • Carrier Code: C010
  • 4-Digit Zip Code: 3280
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,221,059

    Appraisal Valuation

  • Standard Deviation: 0.1918
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 900,003
  • High Value: 1,072,670
  • Low Value: 727,335

    Market Valuation

  • Market Total Value: $798,600
  • Market Land Value: $352,700
  • Market Improvement Value: $445,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $798,600
  • Assessed Land Value: $352,700
  • Assessed Improvements Value: $445,900

    Sales

  • Current Sale Contract Date: Jan 12, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5360
  • Previous Sale Recording Date: Nov 07, 2011
  • Previous Sale Contract Date: Oct 28, 2011
  • Previous Sale Amount: $440,000
  • 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 Monmouth

Stats & Trends

Median Asking:

$739,999

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2017 ft²

Average Home Age

45.6 years

Currently For Sale

1757 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

Unit for rent at 19 Fieldstone Lane, Ocean Twp, NJ, 07712

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,198 ft²
19 Fieldstone Lane, Ocean Twp, NJ, 07712 Listing by Beatrice Mizrahi

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Timothy Siciliano, Gavin Agency
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22332036
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 1 Mallard Lane built and last sold?
The property at 1 Mallard Lane was built in 1994 and last sold on Jan 12, 2024 for $880,000.
How much is this home worth?
The estimated value of the home located at 1 Mallard Lane is $949,299.
What are some comparable homes to 1 Mallard Lane?
There are currently no comparable homes to 1 Mallard Lane.
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