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Monmouth 07712
12 Pine Lane
$575,000
● House - Off Market

12 Pine Lane

Ocean Twp, NJ 07712
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
$841,032
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Welcome to this beautiful home in Ocean Township sitting upon a quiet cul-de-sac boasting  ..... All New Everything, Inside and Out!  The house was brought down to the rough framing and revamped. Hardwood floors throughout, customized kitchen with new white cabinets, all new appliances and granite counter tops....a robust island with seating for 4 comfortably this kitchen is a cook's dream with a double oven, gas range, built in microwave ,chimney hood and more. New windows, roof, siding, gutters...the list goes on and on. Newly paved driveway! This home is located near major highways and is close to the beach, restaurants and shopping. Great location to enjoy all year around, and especially in the summer!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$843
HOA Dues
-
Year Built
1966

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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 #21921670)

Price History

Date / Event Date Event Price
Dec 20, 2019 Sold
Premium
Sold
May 24, 2019 Listed by Keller Williams Realty East Monmouth $575,000
Listed by Keller Williams Realty East Monmouth

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,594
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,400
  • Lot Size Depth Feet: 2,160
  • Lot Size Frontage Feet: 1,790
  • Total Building Area: 2,605
  • Building Area: 2,605
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,605
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000583
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806501

Zoning

  • Zoning: SF40

Geography

  • Assessors Map Reference: TAX MAP 1
  • District: 37
  • Parcel: 37 00001-0000-00007
  • Block: 1
  • Lot: 7
  • Municipality: OCEAN TWP
  • Latitude: 40.2692
  • Longitude: -74.0677

    Address

  • Full Address: 12 Pine Ln
  • Address - House Number: 12
  • Address - Street Name: Pine
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Ocean
  • Carrier Code: C034
  • 4-Digit Zip Code: 7242
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $963,882

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 885,762
  • High Value: 1,035,945
  • Low Value: 735,579

    Market Valuation

  • Market Total Value: $630,400
  • Market Land Value: $241,500
  • Market Improvement Value: $388,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $630,400
  • Assessed Land Value: $241,500
  • Assessed Improvements Value: $388,900

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Feb 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020019239
  • Previous Sale Recording Date: Jan 14, 2002
  • Previous Sale Contract Date: Nov 08, 2001
  • Previous Sale Amount: $280,000
  • 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:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2010 ft²

Average Home Age

45.6 years

Currently For Sale

1770 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 20 Kronenberg Street, Tinton Falls, NJ, 07724

$6,850 /mo

  • 4 Beds
  • 5 Baths
  • 2,987 ft²
20 Kronenberg Street, Tinton Falls, NJ, 07724 Listing by Todd Tretsky

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janine Brady, Keller Williams Realty East Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21921670
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 Pine Lane built and last sold?
The property at 12 Pine Lane was built in 1966 and last sold on Dec 20, 2019 for $575,000.
How much is this home worth?
The estimated value of the home located at 12 Pine Lane is $0.
What are some comparable homes to 12 Pine Lane?
There are currently no comparable homes to 12 Pine Lane.
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