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Monmouth 07748
131 Cherry Tree Farm Road
$425,000
● House - Off Market

131 Cherry Tree Farm Road

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
$566,057
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

WONDERFUL FOUR BEDROOM TWO FULL BATH HOME SITUATED ON HUGE PARK-LIKE PROPERTY. FROM THE MOMENT YOU PULL UP TO THIS HOME YOU WILL BE IMPRESSED WITH THE CURB APPEAL AND CIRCULAR DRIVEWAY. THIS HOME HAS BEEN UPDATED AND IS WELL MAINTAINED BOTH INSIDE AND OUT. HARDWOOD FLOORS IN LIVING ROOM, KITCHEN, DINING , UPPER STAIRS AND HALL. LOVELY UPDATED KITCHEN WITH PLENTY OF CUSTOM CHERRY CABINETS AND COUNTER SPACE. LARGE FAMILY ROOM. ANDERSON WINDOWS THROUGHT. TMBERLINE ROOF, DIRECT ENTRY GARAGE. SLIDER OFF THE KITCHEN TO A NICE SIDE DECK, WOW, A YARD TO ACCOMMODATE A POOL AND MORE. GREAT VALUE IN TODAY'S REAL ESTATE MARKET.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1955

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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 #22033317)

Price History

Date / Event Date Event Price
Feb 3, 2021 Sold
Premium
Sold
Sep 17, 2020 Listed by RE/MAX The Real Estate Leaders $445,000
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,875
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,594
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000502
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800701

Zoning

  • Zoning: 5698

Geography

  • Assessors Map Reference: TAX MAP 77
  • Account Number: Mar 02, 2007
  • District: 32
  • Parcel: 32 00576-0000-00064
  • Block: 576
  • Lot: 64
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4128
  • Longitude: -74.1297

    Address

  • Full Address: 131 Cherry Tree Farm Rd
  • Address - House Number: 131
  • Address - Street Name: Cherry Tree Farm
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C008
  • 4-Digit Zip Code: 1739
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $841,887

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 602,580
  • High Value: 719,688
  • Low Value: 485,472

    Market Valuation

  • Market Total Value: $484,400
  • Market Land Value: $315,200
  • Market Improvement Value: $169,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,400
  • Assessed Land Value: $315,200
  • Assessed Improvements Value: $169,200

    Sales

  • Current Sale Contract Date: Jan 28, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021037929
  • Previous Sale Recording Date: Mar 22, 2004
  • Previous Sale Contract Date: Feb 20, 2004
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
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:

$725,000

Sale Price/ft²

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1949 ft²

Average Home Age

45.1 years

Currently For Sale

2738 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 156 Main Street, Port Monmouth, NJ, 07758

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff
Unit for rent at 35 Ironwood Court, Middletown, NJ, 07748

$3,950 /mo

  • 4 Beds
  • 2 Baths
  • 1,904 ft²
35 Ironwood Court, Middletown, NJ, 07748 Listing by Yingen Tang

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jeffrey Dispenza, RE/MAX The Real Estate Leaders
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22033317
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 131 Cherry Tree Farm Road built and last sold?
The property at 131 Cherry Tree Farm Road was built in 1955 and last sold on Jan 28, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 131 Cherry Tree Farm Road is $0.
What are some comparable homes to 131 Cherry Tree Farm Road?
There are currently no comparable homes to 131 Cherry Tree Farm Road.
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