$507,500
●
House -
Off Market
14 Cherry Tree Lane
Middletown, NJ 07748
3 Beds
1 Bath
1,258 Ft²
$498,838
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Move right in to this 3 bedroom ranch situated on a large, corner
lot located in the Village section of Middletown! Spacious
living room with woodburning fireplace. Separate dining room
great for entertaining. Light, bright kitchen with skylights,
full appliance package and plenty of cabinet and counter space.
Generous sized bedrooms. Radiant heat throughout.
Laundry/utility room with possible second bathroom
opportunity. Fully fenced yard with paver patio and two
sheds. 1-car garage and attic for additional storage.
Plenty of on and off street parking. Close proximity to
Red Hot Red Bank, NJ Transit Train, NYC high speed ferry, schools,
transportation, shopping, beaches and all the Jersey shore has to
offer!
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$393
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1953
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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 #22308594)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2023 | Sold | ||
| Sold | |||
| Apr 1, 2023 | Listed by Weichert Realtors-Middletown | $495,000 | |
| Listed by Weichert Realtors-Middletown | |||
| Oct 3, 2022 | No longer available | - | |
| No longer available | |||
| Jul 12, 2022 | Price Decreased |
$509,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jun 29, 2022 | Listed by Keller Williams Realty Central Monmouth | $519,000 | |
| Listed by Keller Williams Realty Central Monmouth | |||
| | |||
|
Move right in and unpack in this well maintained ranch on a large corner lot. Features include spacious living room with wood burning fireplace, new flooring throughout, radiant heat, bright kitchen with skylights and a large mud/laundry room where a 2nd bathroom can be added. Newer roof and hot water heater too! A partially fenced in yard with paver patio, two sheds (one with loft & electric) and pretty landscaping add charm to this home. Close to GSP, shopping, trains, bus and beaches. The manager has listed the unit size as 1258 square feet.
| |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Monmouth
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Listed by: Michael Smith, Weichert Realtors-Middletown
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22308594
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22308594
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017