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Monmouth 07748
132 Iler Drive
$565,000
● House - Off Market

132 Iler Drive

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
3 Baths
$787,462
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

LOOK NO FURTHER! Expanded brick front ranch with 3 bedrooms and 3 bathrooms loaded with updates! Entry leads to large family room with gleaming hardwood floors, wood burning fireplace and slider to backyard. Incredible kitchen is both spacious and functional with vaulted ceilings, wall of windows, custom cabinets, two center islands, multiple doors and palladium windows. The first floor also offers the bedroom areas, updated full bathroom and master suite with private bathroom. Full finished basement has plenty of entertainment areas, bonus room, full bathroom and a wood burning stove. Outdoors is wonderfully serene, with lush gardens, level grounds, trex deck and paver pathways. Minutes to mass transit, parks, shopping and highways!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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 #22019541)

Price History

Date / Event Date Event Price
Aug 3, 2020 Sold
Premium
Sold
Jun 16, 2020 Listed by RE/MAX The Real Estate Leaders $574,900
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 3
  • Basement Area: 1,840
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,600
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 2,600
  • Total Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000955
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801100

Zoning

  • Zoning: R-30

Geography

  • Assessors Map Reference: TAX MAP 195
  • Account Number: 81
  • District: 32
  • Parcel: 32 00867- 01-00002
  • Block: 867.01
  • Lot: 2
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3782
  • Longitude: -74.1061

    Address

  • Full Address: 132 Iler Dr
  • Address - House Number: 132
  • Address - Street Name: Iler
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C018
  • 4-Digit Zip Code: 3325
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,303,152

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 817,809
  • High Value: 970,637
  • Low Value: 664,982

    Market Valuation

  • Market Total Value: $749,800
  • Market Land Value: $375,400
  • Market Improvement Value: $374,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $749,800
  • Assessed Land Value: $375,400
  • Assessed Improvements Value: $374,400

    Sales

  • Current Sale Contract Date: Jul 31, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020114376
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:

$724,900

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1952 ft²

Average Home Age

44.9 years

Currently For Sale

2906 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 18 Crestview Drive, Middletown, NJ, 07748

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 864 ft²
18 Crestview Drive, Middletown, NJ, 07748 Listing by Christopher Moran

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christopher Walsh, RE/MAX The Real Estate Leaders
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22019541
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 132 Iler Drive built and last sold?
The property at 132 Iler Drive was built in 1958 and last sold on Jul 31, 2020 for $565,000.
How much is this home worth?
The estimated value of the home located at 132 Iler Drive is $0.
What are some comparable homes to 132 Iler Drive?
There are currently no comparable homes to 132 Iler Drive.
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