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Monmouth
1 Norma Place
$530,000
● House - Off Market

1 Norma Place

Hazlet, NJ 07730
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$596,563
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Look no further.  This immaculate and well kept home in Hazlet has it all and is waiting for a new owner.  Curb appeal and a tranquil backyard are just the beginning.  As you enter the home you have a large family room with fireplace.  A cathedral ceiling dining room that then leads into the oversized eat in kitchen with upgraded kitchen cabinets and quartz counters.  Through the kitchen you have a beautiful florida room that leads to  a back yard oasis.  A white vinyl fully fenced with a timber tech deck off the back of the house.  A great above ground pool with lush landscaping and a great shed for storage.
Unit Size
-
Days on Market
109 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$869
HOA Dues
-
Year Built
1959

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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: 6 months ago (MOMLS #22126487)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Aug 10, 2021 Listed by Coldwell Banker Realty $535,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,999
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,038
  • Building Area: 2,038
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,038
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Hazlet Township School District
  • Census Tract: 802300

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 82
  • Account Number: 031401
  • District: 18
  • Parcel: 18 00166- 08-00005
  • Block: 166.08
  • Lot: 5
  • Municipality: HAZLET TWP
  • Latitude: 40.4262
  • Longitude: -74.1877

    Address

  • Full Address: 1 Norma Pl
  • Address - House Number: 1
  • Address - Street Name: Norma
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C006
  • 4-Digit Zip Code: 1820
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,143,509

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 621,967
  • High Value: 737,921
  • Low Value: 506,013

    Market Valuation

  • Market Total Value: $535,100
  • Market Land Value: $303,900
  • Market Improvement Value: $231,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $535,100
  • Assessed Land Value: $303,900
  • Assessed Improvements Value: $231,200

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021174108
  • Previous Sale Recording Date: Sep 07, 1994
  • Previous Sale Contract Date: Aug 30, 1994
  • Previous Sale Amount: $178,400
  • 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 Monmouth

Stats & Trends

Median Asking:

$724,900

Sale Price/ft²

$384

Above Asking

0.55%

Average Days on Market

64

Average Home Size

1960 ft²

Average Home Age

45.2 years

Currently For Sale

3011 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 102 Morningside Avenue, Union Beach, NJ, 07735

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,228 ft²
102 Morningside Avenue, Union Beach, NJ, 07735 Listing by Huadi Chen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Matthew Gregorin, Coldwell Banker Realty
Last Updated: 6 months ago
Data Source: MOMMLS, MLS# 22126487
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 Norma Place built and last sold?
The property at 1 Norma Place was built in 1959 and last sold on Nov 22, 2021 for $535,000.
How much is this home worth?
The estimated value of the home located at 1 Norma Place is $0.
What are some comparable homes to 1 Norma Place?
There are currently no comparable homes to 1 Norma Place.
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