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Monmouth
16 Frances Place
$530,000
● House - Off Market

16 Frances Place

Hazlet, NJ 07730
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$3,326
Est. Monthly
7.45%
Cap Rate

About This Property

BOASTING WONDERFUL CURB APPEAL AND METICULOUSLY MAINTAINED BOTH INSIDE AND OUT THIS HIDDEN HILLS SPLIT-LEVEL IS SURE TO PLEASE. THIS HOME IS ONE OF A SELECT FEW IN THIS TERRIFIC NEIGHBORHOOD THAT FEATURES A BASEMENT. LOVELY UPDATED KITCHEN WITH PLENTY OF CABINETS AND STAINLESS-STEEL APPLIANCES. HARDWOOD FLOORS UNDER THE CARPETING IN LIVING ROOM, UPPER-LEVEL HALLWAY AND BEDOOMS. HOME OFFERES A WONDERFUL FLOOR PLAN. ATTIC STORAGE, BASEMENT AND GARAGE. AWESOME MULTI LEVLE DECK WITH GAZEBO. FENCED YARD. UNDERGROUND SPRINKLERS. COMMUTER FRIENDLY LOCATION WITH EASY ACCESS TO ALL FORMS OF TRANSPORTION TO NYC. HURRY, THIS GEM WILL NOT LAST LONG IN THIS REAL ESTATE MARKET.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$772
HOA Dues
-
Year Built
1960

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 #22407881)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Mar 22, 2024 Listed by Coldwell Banker Realty $519,900
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 408
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,625
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Hazlet Township School District
  • Census Tract: 802100

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 24
  • Account Number: 022756
  • District: 18
  • Parcel: 18 00125-0000-00004
  • Block: 125
  • Lot: 4
  • Municipality: HAZLET TWP
  • Latitude: 40.4276
  • Longitude: -74.1465

    Address

  • Full Address: 16 Frances Pl
  • Address - House Number: 16
  • Address - Street Name: Frances
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C009
  • 4-Digit Zip Code: 2671
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $926,817

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 546,742
  • High Value: 593,512
  • Low Value: 499,972

    Market Valuation

  • Market Total Value: $433,700
  • Market Land Value: $280,400
  • Market Improvement Value: $153,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,700
  • Assessed Land Value: $280,400
  • Assessed Improvements Value: $153,300
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

1957 ft²

Average Home Age

45 years

Currently For Sale

2720 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 118 Beachway Avenue, Keansburg Boro, 07734-1271

$3,995 /mo

  • 4 Beds
  • 2 Baths
118 Beachway Avenue, Keansburg Boro, 07734-1271 Listing by PATRICK CREAN
Unit for rent at 601 Harmony Road, Middletown, NJ, 07748

$4,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,824 ft²
601 Harmony Road, Middletown, NJ, 07748 Listing by Benjamin Bastawrous

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jeffrey Dispenza, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22407881
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 Frances Place built and last sold?
The property at 16 Frances Place was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Frances Place is $0.
What are some comparable homes to 16 Frances Place?
There are currently no comparable homes to 16 Frances Place.
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