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Monmouth 07718
156 Summit Avenue
$435,000
● House - Off Market

156 Summit Avenue

Belford, NJ 07718
bedrooms
3 Beds
bathrooms
2 Baths
$574,859
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Now taking appointments to show! You will love this charming colonial with a DOUBLE LOT in this sought after section of Belford!  You will welcome the generous bedroom sizes, especially the Master Bedroom! The kitchen has beautiful granite countertops and a tile back-splash too!  Relax and enjoy in the super spacious living room!  The basement adds the extra dimension you're looking for!  The tremendous backyard is going to amaze you!  This lovely home is being updated and painted for you so mark your calendar to see this one soon!
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$680
HOA Dues
-
Year Built
1949

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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: 2 years ago (MOMLS #22027039)

Price History

Date / Event Date Event Price
Oct 19, 2020 Sold
Premium
Sold
Aug 4, 2020 Listed by Coldwell Banker Realty $429,900
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 9
  • Basement Area: 775
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 1,765
  • Building Area: 1,765
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,765
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800800

Geography

  • Assessors Map Reference: TAX MAP 39
  • Account Number: Apr 01, 2006
  • District: 32
  • Parcel: 32 00479-0000-00004- 01
  • Block: 479
  • Lot: 4.01
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4168
  • Longitude: -74.0826

    Address

  • Full Address: 156 Summit Ave
  • Address - House Number: 156
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Belford
  • Carrier Code: C007
  • 4-Digit Zip Code: 1444
  • Zip Code: 07718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $899,763

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 599,463
  • High Value: 713,034
  • Low Value: 485,891

    Market Valuation

  • Market Total Value: $517,700
  • Market Land Value: $329,800
  • Market Improvement Value: $187,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $517,700
  • Assessed Land Value: $329,800
  • Assessed Improvements Value: $187,900

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020140332
  • Previous Sale Recording Date: Jul 10, 2008
  • Previous Sale Contract Date: Jun 27, 2008
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: 12
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

$384

Above Asking

0.56%

Average Days on Market

64

Average Home Size

1947 ft²

Average Home Age

45.2 years

Currently For Sale

2988 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 610 Monmouth Avenue, Port Monmouth, NJ, 07758

$3,400 /mo

  • 2 Beds
  • 1 Bath
  • 937 ft²
610 Monmouth Avenue, Port Monmouth, NJ, 07758 Listing by Jessica Plath

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kevin Ward, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22027039
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 156 Summit Avenue built and last sold?
The property at 156 Summit Avenue was built in 1949 and last sold on Oct 7, 2020 for $435,000.
How much is this home worth?
The estimated value of the home located at 156 Summit Avenue is $434,199.
What are some comparable homes to 156 Summit Avenue?
There are currently no comparable homes to 156 Summit Avenue.
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