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Rumson 07760 Rumson - Fair Haven
11 Somerset Drive
$1,625,000
● House - Off Market

11 Somerset Drive

Rumson, NJ 07760
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
$2,486,941
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Envision life in an elegant home on a  quiet cul-de-sac in one of Rumson's most coveted neighborhoods where memories will be made for a lifetime.  Impeccably maintained, move-in-condition 6 bedroom, 4-1/2 bath Colonial on 1.64 acres. Features include formal LR and DR, Eat-in-Kitchen with high-end appliances and center island w/seating, Family Room with random width peg floor and full wall distressed-brick fireplace, Den, hardwood floors and decorative moldings throughout, 1st floor suite, Basement Playroom and attached spacious 3-car Garage. Beautiful grounds w/2 patios for entertaining. Unique opportunity to live on one of Rumson's premier streets - hidden away yet within walking distance to schools, parks and restaurants. A beautiful home in a most desirable location! SF/Lot per tax rec.
Unit Size
-
Days on Market
200 days
Land Size
1.64 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,129
HOA Dues
-
Year Built
1968

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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 #21918793)

Price History

Date / Event Date Event Price
Nov 22, 2019 Sold
Premium
Sold
May 6, 2019 Listed by Heritage House Sotheby's International Realty $1,699,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • 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: 1,110
  • Garage Type: 1
  • Garage Square Area: 762
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,438
  • Total Building Area: 3,692
  • Building Area: 3,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 3,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001640
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Rumson Borough School District
  • Census Tract: 803800

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 9
  • Account Number: 025300
  • District: 41
  • Parcel: 41 00018-0000-00043
  • Block: 18
  • Lot: 43
  • Municipality: RUMSON BORO
  • Latitude: 40.3704
  • Longitude: -74.0121

    Address

  • Full Address: 11 Somerset Dr
  • Address - House Number: 11
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Rumson
  • Carrier Code: C014
  • 4-Digit Zip Code: 1101
  • Zip Code: 07760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,542,458

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 2,118,959
  • High Value: 2,518,873
  • Low Value: 1,719,044

    Market Valuation

  • Market Total Value: $2,174,900
  • Market Land Value: $1,597,400
  • Market Improvement Value: $577,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,174,900
  • Assessed Land Value: $1,597,400
  • Assessed Improvements Value: $577,500

    Sales

  • Current Sale Contract Date: Dec 11, 2019
  • Current Sale Recording Date: Dec 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019119983
  • Previous Sale Recording Date: Aug 04, 1993
  • Previous Sale Contract Date: Aug 04, 1993
  • Previous Sale Amount: $755,000
  • 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 Rumson - Fair Haven

Stats & Trends

Median Asking:

$2,550,000

Sale Price/ft²

$790

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3393 ft²

Average Home Age

24.2 years

Currently For Sale

15 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 180 Hartshorne Road, Rumson, NJ, 07760

$10,200 /mo

  • 4 Beds
  • 3 Baths
180 Hartshorne Road, Rumson, NJ, 07760 Listing by Nayri Gueyikian
Unit for rent at 160 Portland Road, Highlands, NJ, 07732

$9,000 /mo

  • 8 Beds
  • 4 Baths
160 Portland Road, Highlands, NJ, 07732 Listing by Tamara M O'Brien

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Bernadette G Barnett, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21918793
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 Somerset Drive built and last sold?
The property at 11 Somerset Drive was built in 1968 and last sold on Dec 11, 2019 for $1,625,000.
How much is this home worth?
The estimated value of the home located at 11 Somerset Drive is $1,715,990.
What are some comparable homes to 11 Somerset Drive?
There are currently no comparable homes to 11 Somerset Drive.
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