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Union Beach 07735
13 Scholer Drive
$420,000
● House - Off Market

13 Scholer Drive

Union Beach, NJ 07735
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,482 Ft²
$2,547
Est. Monthly
10.85%
Cap Rate

About This Property

This 4 bedroom, 2 bath home is situated in most sought after area. Close to all transportation and shopping.
Unit Size
1,482 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$270
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1956

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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: 3 years ago (MOMLS #22328487)

Price History

Date / Event Date Event Price
Dec 11, 2023 Sold
Premium
Sold
Oct 12, 2023 Listed by VRI Homes $399,900
Listed by VRI Homes

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Union Beach Borough School District
  • Census Tract: 801800

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: TAX MAP 18
  • Account Number: 1139
  • District: 50
  • Parcel: 50 00130-0000-00023
  • Block: 130
  • Lot: 23
  • Municipality: UNION BEACH BORO
  • Latitude: 40.441
  • Longitude: -74.1773

    Address

  • Full Address: 13 Scholer Dr
  • Address - House Number: 13
  • Address - Street Name: Scholer
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Union Beach
  • Carrier Code: C019
  • 4-Digit Zip Code: 3018
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $739,584

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 423,798
  • High Value: 502,216
  • Low Value: 345,381

    Market Valuation

  • Market Total Value: $345,600
  • Market Land Value: $192,000
  • Market Improvement Value: $153,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,600
  • Assessed Land Value: $192,000
  • Assessed Improvements Value: $153,600

    Sales

  • Current Sale Contract Date: Nov 24, 2023
  • Current Sale Recording Date: Jan 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1905
  • Previous Sale Recording Date: Jul 30, 1978
  • Previous Sale Contract Date: Jul 30, 1978
  • Previous Sale Amount: $44,400
  • 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 Union Beach

Stats & Trends

Median Asking:

$599,999

Sale Price/ft²

$351

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1450 ft²

Average Home Age

70.8 years

Currently For Sale

39 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 9 Raritan Cv, Keyport Boro, 07735

$4,250 /mo

  • 3 Beds
  • 3 Baths
  • 2,349 ft²
9 Raritan Cv, Keyport Boro, 07735 Listing by ISAIAH SPRINGER

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lawrence Vecchio, VRI Homes
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22328487
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 13 Scholer Drive built and last sold?
The property at 13 Scholer Drive was built in 1956 and last sold on Nov 24, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 13 Scholer Drive is $411,619.
What are some comparable homes to 13 Scholer Drive?
There are currently no comparable homes to 13 Scholer Drive.
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