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Monmouth 07748
11 Jay Drive
$440,000
● House - Off Market

11 Jay Drive

New Monmouth, NJ 07748
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,136 Ft²
$838,282
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

This inviting home sits on a quiet cul- de-sac, and its layout is ideal! The first floor entry foyer leads to the dining room with gorgeous inlaid cherry floor and crown molding, a newer kitchen and a family room with wood-burning fireplace, crown molding and a half bath.  Sliding doors lead to the private paver patio and lovely fenced  yard . The gracious living room is on the second level. Four generously sized bedrooms on the third level have wood floors, and the  master bedroom has 2 walk-in closets! Recent improvements to the home include crown molding, re-insulation of house & garage, new roof, new furnace and gas water heater, updated baths, 10x10 shed, 6 ft. vinyl fence, line to the gas grill (included). Convenient to NYC transportation! Home Warranty provided to buyers at closing.
Unit Size
2,136 Ft²
Days on Market
-
Land Size
-
Price per sqft
$221
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1963

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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 #21528167)

Price History

Date / Event Date Event Price
Nov 18, 2015 Sold
Premium
Sold
Jul 19, 2015 Listed by Weichert Realtors-Rumson $472,500
Listed by Weichert Realtors-Rumson

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 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: 9
  • Basement Area: 280
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,136
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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 35
  • Account Number: 8-4-2.5
  • District: 32
  • Parcel: 32 00564-0000-00021
  • Block: 564
  • Lot: 21
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.423
  • Longitude: -74.1133

    Address

  • Full Address: 11 Jay Dr
  • Address - House Number: 11
  • Address - Street Name: Jay
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1402
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $857,355

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 673,118
  • High Value: 798,907
  • Low Value: 547,329

    Market Valuation

  • Market Total Value: $493,300
  • Market Land Value: $290,400
  • Market Improvement Value: $202,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,300
  • Assessed Land Value: $290,400
  • Assessed Improvements Value: $202,900

    Sales

  • Current Sale Contract Date: Nov 17, 2010
  • Current Sale Recording Date: Nov 22, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2010111825
  • Previous Sale Recording Date: Aug 06, 1999
  • Previous Sale Contract Date: Aug 02, 1999
  • Previous Sale Amount: $210,000
  • 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:

$739,900

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1994 ft²

Average Home Age

45.2 years

Currently For Sale

1815 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

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MOMMLS

Listed by: Joan Q Kiley, Weichert Realtors-Rumson
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21528167
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 11 Jay Drive built and last sold?
The property at 11 Jay Drive was built in 1963 and last sold on Nov 17, 2010 for $412,000.
How much is this home worth?
The estimated value of the home located at 11 Jay Drive is $0.
What are some comparable homes to 11 Jay Drive?
There are currently no comparable homes to 11 Jay Drive.
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