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Monmouth 07712
16 Cambridge Way
$689,000
● House - Off Market

16 Cambridge Way

Ocean Twp, NJ 07712
bedrooms
5 Beds
bathrooms
3 Baths
$890,300
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

IMPECCABLY maintained five bedroom home in a wonderful neighborhood conveniently located close to shopping, schools, GSP, and Rt 18. Move right in to this freshly painted home -inside and out.  Natural light fills every room, transom windows upstairs encourage a bright and airy space leading to Large, en-suite Master Bedroom plus 3 generously sized bedrooms upstairs and 5th bedroom on first level ideal for inlaws/nanny/office.  Updated kitchen and baths (2018) Great flow for entertaining. Family room boasts original stone wall surrounding wood-burning fireplace. Large  walk out deck leads to expansive  yard with irrigation system. Direct access mudroom.

Impressive and ready to be finished full basement with high ceilings and access from either garage or inside. 2 car oversized garage.
Unit Size
-
Days on Market
68 days
Land Size
0.45 acres
Price per sqft
-
Property Type
House
Property Taxes
$977
HOA Dues
-
Year Built
1985

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: 2 years ago (MOMLS #22041724)

Price History

Date / Event Date Event Price
Feb 3, 2021 Sold
Premium
Sold
Nov 27, 2020 Listed by O'Brien Realty, LLC $699,900
Listed by O'Brien Realty, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 0
  • 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: 1,447
  • Garage Type: 10
  • Garage Square Area: 678
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,600
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 2,784
  • Building Area: 2,784
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806503

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 71
  • District: 37
  • Parcel: 37 00037- 13-00008
  • Block: 37.13
  • Lot: 8
  • Municipality: OCEAN TWP
  • Latitude: 40.2453
  • Longitude: -74.0712

    Address

  • Full Address: 16 Cambridge Way
  • Address - House Number: 16
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Ocean
  • Carrier Code: C031
  • 4-Digit Zip Code: 3255
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,104,703

    Appraisal Valuation

  • Standard Deviation: 0.1918
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 962,696
  • High Value: 1,147,391
  • Low Value: 778,001

    Market Valuation

  • Market Total Value: $722,500
  • Market Land Value: $364,800
  • Market Improvement Value: $357,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $722,500
  • Assessed Land Value: $364,800
  • Assessed Improvements Value: $357,700

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Feb 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021027489
  • Previous Sale Recording Date: Jul 30, 1993
  • Previous Sale Contract Date: Jul 30, 1993
  • Previous Sale Amount: $266,000
  • 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 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 43 Jake Drive, Tinton Falls, NJ, 07712

$3,600 /mo

  • 2 Beds
  • 2 Baths
43 Jake Drive, Tinton Falls, NJ, 07712 Listing by Manus Mullanaphy
Unit for rent at 11 Hawthorne Drive, Tinton Falls, NJ, 07753

$3,700 /mo

  • 3 Beds
  • 2 Baths
11 Hawthorne Drive, Tinton Falls, NJ, 07753 Listing by Jethro Kwok

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Tracy Marucci, O'Brien Realty, LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22041724
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 16 Cambridge Way built and last sold?
The property at 16 Cambridge Way was built in 1985 and last sold on Jan 14, 2021 for $689,000.
How much is this home worth?
The estimated value of the home located at 16 Cambridge Way is $706,899.
What are some comparable homes to 16 Cambridge Way?
There are currently no comparable homes to 16 Cambridge Way.
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