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Monmouth
12 Millbrook Lane
$885,000
● House - Off Market

12 Millbrook Lane

Colts Neck, NJ 07722
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,005 Ft²
$935,348
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

***A RARE Gem in the heart of Colts Neck***Beautifully Expanded Colonial offering over 4000 SF is ready for new owners! First floor features an oversized eat-in kitchen w/open dining area, beautiful custom cabinetry and granite countertops. Leaded glass French doors lead you to a light filled dining room showcasing a cove ceiling and marble floors. The stunning addition continues as you enter the Family Room,  resplendent w/ 5 oversized arched windows, a volume ceiling and a marble floor, perfect for entertaining. A Living Room w/hardwood flooring, a Den with charming built in cabinetry, fireplace and a half bath round out the first floor. Upstairs offers 5 bedrooms, 3 full baths and a convenient laundry room.  The fully private backyard w/pool  and deck is ideal for summertime fun.
Unit Size
4,005 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$212
Property Type
House
Property Taxes
$1,114
HOA Dues
-
Year Built
1965

Payment Calculator

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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: 3 years ago (MOMLS #22131062)

Price History

Date / Event Date Event Price
Dec 2, 2021 Sold
Premium
Sold
Sep 20, 2021 Listed by Resources Real Estate $849,000
Listed by Resources Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 2,340
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF MAPLE CREST SEC 1
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Colts Neck Township School District
  • Census Tract: 809901

Zoning

  • Zoning: SF80

Geography

  • District: 10
  • Parcel: 10 00029- 03-00004
  • Block: 29.03
  • Lot: 4
  • Municipality: COLTS NECK TOWNSHIP
  • Latitude: 40.2854
  • Longitude: -74.1886

    Address

  • Full Address: 12 Maplecrest Ln
  • Address - House Number: 12
  • Address - Street Name: Maplecrest
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Colts Neck
  • Carrier Code: R090
  • 4-Digit Zip Code: 1638
  • Zip Code: 07722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,001,597

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 897,216
  • High Value: 1,047,432
  • Low Value: 746,999

    Market Valuation

  • Market Total Value: $643,700
  • Market Land Value: $296,400
  • Market Improvement Value: $347,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $643,700
  • Assessed Land Value: $296,400
  • Assessed Improvements Value: $347,300

    Sales

  • Current Sale Contract Date: Jul 11, 2023
  • Current Sale Recording Date: Jul 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 47037
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:

$744,560

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2020 ft²

Average Home Age

45.2 years

Currently For Sale

1812 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 419 Nj-34, Colts Neck, NJ, 07722

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,033 ft²
419 Nj-34, Colts Neck, NJ, 07722 Listing by Nancy Loureiro

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christine Whelan, Resources Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22131062
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 Millbrook Lane built and last sold?
The property at 12 Millbrook Lane was built in 1965 and last sold on Jul 11, 2023 for $885,000.
How much is this home worth?
The estimated value of the home located at 12 Millbrook Lane is $0.
What are some comparable homes to 12 Millbrook Lane?
There are currently no comparable homes to 12 Millbrook Lane.
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