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Monmouth 07731
12 Marc Drive
$350,000
● House - Off Market

12 Marc Drive

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,052 Ft²
$512,633
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Wonderful opportunity to own this beautifully renovated home in desired Heritage Point!  This home offers plenty of space for the growing family with 4 large bedrooms & 3 full bathrooms.  Master bedroom retreat is complete with private bath & walk-in closet. Lovely kitchen with stainless steel appliances opens to dining room with sliders leading to deck enclosed by gorgeous wrought iron railings. Formal living room with 2 story ceiling & plenty of natural light.  Lower level offers a private family room, the 4th bedroom & full bath which could be perfect for in-laws & guests.  Outdoor patio & fully fenced yard make it perfect for entertaining. This home has beautiful new flooring, carpeting & has been professionally painted.  Enjoy benefit of reduced bills with solar panels!
Unit Size
2,052 Ft²
Days on Market
66 days
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$761
HOA Dues
-
Year Built
1986

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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: 9 months ago (MOMLS #21934894)

Price History

Date / Event Date Event Price
Oct 29, 2019 Sold
Premium
Sold
Aug 24, 2019 Listed by RE/MAX The Real Estate Leaders $350,000
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,066
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,052
  • Building Area: 2,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,052
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811304

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 4.48
  • Account Number: 03878170
  • District: 21
  • Parcel: 21 00078-0000-00165
  • Block: 78
  • Lot: 165
  • Municipality: HOWELL TWP
  • Latitude: 40.1376
  • Longitude: -74.2395

    Address

  • Full Address: 12 Marc Dr
  • Address - House Number: 12
  • Address - Street Name: Marc
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Howell
  • Carrier Code: C015
  • 4-Digit Zip Code: 1547
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,053,140

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 673,853
  • High Value: 793,488
  • Low Value: 554,218

    Market Valuation

  • Market Total Value: $565,900
  • Market Land Value: $289,200
  • Market Improvement Value: $276,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $565,900
  • Assessed Land Value: $289,200
  • Assessed Improvements Value: $276,700

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Nov 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019108813
  • Previous Sale Recording Date: Jul 14, 2001
  • Previous Sale Contract Date: Jul 12, 2001
  • Previous Sale Amount: $265,000
  • 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

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michelle Vega, RE/MAX The Real Estate Leaders
Last Updated: 9 months ago
Data Source: MOMMLS, MLS# 21934894
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 12 Marc Drive built and last sold?
The property at 12 Marc Drive was built in 1986 and last sold on Oct 29, 2019 for $35,000.
How much is this home worth?
The estimated value of the home located at 12 Marc Drive is $377,006.
What are some comparable homes to 12 Marc Drive?
There are currently no comparable homes to 12 Marc Drive.
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