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Monmouth 07748
103 Lawrence Place
$610,000
● House - Off Market

103 Lawrence Place

New Monmouth, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,769 Ft²
$576,283
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Updated and Upgraded! Spacious Split in sought after New Monmouth Section of Middletown! Situated on private corner lot with plenty of privacy! Features tiled foyer, formal living room w/ bay window and hardwood floors, gourmet eat in kitchen w/ wood cabinetry, granite counters, travertine backsplash, black appliances and dinette area, oversized family room w/ stone wood burning fireplace and custom bar area,  4 generous sized bedrooms with abundant closets, 2 renovated baths,  laundry area and attached 1 car garage! Fenced in backyard is a private oasis designed for entertaining, boasting hot tub, paver patio and oversized shed! Fabulous location, minutes to everything!
Unit Size
1,769 Ft²
Days on Market
-
Land Size
-
Price per sqft
$328
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1957

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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: 2 years ago (MOMLS #22318939)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
Jul 19, 2023 Listed by Schecher Realty $579,900
Listed by Schecher Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,625
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,010
  • Total Building Area: 1,769
  • Building Area: 1,769
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,769
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-22

Geography

  • Assessors Map Reference: TAX MAP 36
  • Account Number: Apr 01, 2007
  • District: 32
  • Parcel: 32 00544-0000-00024
  • Block: 544
  • Lot: 24
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.421
  • Longitude: -74.1083

    Address

  • Full Address: 103 Lawrence Pl
  • Address - House Number: 103
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1403
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $838,237

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 578,873
  • High Value: 681,645
  • Low Value: 476,101

    Market Valuation

  • Market Total Value: $482,300
  • Market Land Value: $331,200
  • Market Improvement Value: $151,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $482,300
  • Assessed Land Value: $331,200
  • Assessed Improvements Value: $151,100

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 68397
  • Previous Sale Recording Date: Apr 15, 1998
  • Previous Sale Contract Date: Apr 02, 1998
  • Previous Sale Amount: $158,000
  • 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 Monmouth

Stats & Trends

Median Asking:

$724,950

Sale Price/ft²

$383

Above Asking

0.56%

Average Days on Market

63

Average Home Size

1947 ft²

Average Home Age

45.2 years

Currently For Sale

2967 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

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michele Ashkenazi, Schecher Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22318939
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 103 Lawrence Place built and last sold?
The property at 103 Lawrence Place was built in 1957 and last sold on Sep 14, 2023 for $610,000.
How much is this home worth?
The estimated value of the home located at 103 Lawrence Place is $0.
What are some comparable homes to 103 Lawrence Place?
There are currently no comparable homes to 103 Lawrence Place.
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