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Monmouth 07748
10 Melody Lane
$630,000
● House - Off Market

10 Melody Lane

New Monmouth, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,080 Ft²
$653,987
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Welcome home to this highly sought-after Colonial on one of the nicest streets in Harmony Estates!!! Nestled on a beautiful tree-lined cul-de-sac in Middletown. This home has a welcoming rocking chair front porch and great flat backyard for entertaining. The Master bedroom has an en-suite with a walk in closet. The additional 3 bedrooms are nice sizes. Hardwood floors mostly throughout.  Lovely Eat in Kitchen w/granite counter top and newer appliances. First floor laundry room and Full basement!! New roof/gutters, newer siding and 2 car garage with wide driveway. Pull down stairs for plenty of storage. Fully alarmed   Very short walk to elementary and middle schools, Close to shopping, beaches, great restaurants, GSP, trains and fast ferry. Make this beautiful home yours!!!!
Unit Size
2,080 Ft²
Days on Market
67 days
Land Size
0.66 acres
Price per sqft
$300
Property Type
House
Property Taxes
$887
HOA Dues
-
Year Built
1972

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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: 10 months ago (MOMLS #22223378)

Price History

Date / Event Date Event Price
Oct 3, 2022 Sold
Premium
Sold
Jul 25, 2022 Listed by Coldwell Banker Realty $625,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 780
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,773
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 1,390
  • Total Building Area: 2,080
  • Building Area: 2,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000660
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800701

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 34
  • Account Number: 8-4-2.5
  • District: 32
  • Parcel: 32 00572-0000-00024
  • Block: 572
  • Lot: 24
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4187
  • Longitude: -74.1231

    Address

  • Full Address: 10 Melody Ln
  • Address - House Number: 10
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C013
  • 4-Digit Zip Code: 1122
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,064,351

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 707,741
  • High Value: 824,572
  • Low Value: 590,909

    Market Valuation

  • Market Total Value: $612,400
  • Market Land Value: $317,700
  • Market Improvement Value: $294,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $612,400
  • Assessed Land Value: $317,700
  • Assessed Improvements Value: $294,700

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 100516
  • Previous Sale Recording Date: Sep 30, 1996
  • Previous Sale Contract Date: Sep 20, 1996
  • Previous Sale Amount: $237,500
  • 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:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1993 ft²

Average Home Age

45.2 years

Currently For Sale

1816 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 156 Main Street, Port Monmouth, NJ, 07758

$3,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff
Unit for rent at 26 Alpine Road, Holmdel, NJ, 07733

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,961 ft²
26 Alpine Road, Holmdel, NJ, 07733 Listing by Lydia Chen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Anna T D'Agostino, Coldwell Banker Realty
Last Updated: 10 months ago
Data Source: MOMMLS, MLS# 22223378
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 10 Melody Lane built and last sold?
The property at 10 Melody Lane was built in 1972 and last sold on Sep 23, 2022 for $630,000.
How much is this home worth?
The estimated value of the home located at 10 Melody Lane is $0.
What are some comparable homes to 10 Melody Lane?
There are currently no comparable homes to 10 Melody Lane.
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