$500,000
●
House -
Off Market
16 Maxwell Lane
Manalapan, NJ 07726
5 Beds
2 Baths
2,007 Ft²
$609,179
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Expanded Cape in Monmouth Heights offers 5 bedrooms and two full
baths. This home has a large addition, hardwood floors and a
bright, open 1st fl layout. The eat-in-kitchen has granite counters
and stainless appliances. The large family room has a wood burning
fireplace and vaulted ceiling. It can be divided into a
dining/family combo and the current dining room could be another
living or family room. The large 1st floor bedroom is currently
used for a hang out room but could be a master bedroom. There is a
laundry/mudroom from the garage into the home. Desirable Monmouth
Heights has an elementary school right in the neighborhood & a
wonderful community pool.
Unit Size
2,007 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$244
Property Type
House
Property Taxes
$680
HOA Dues
$27
Year Built
1968
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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 #22101127)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2022 | Sold | ||
| Sold | |||
| Jun 30, 2022 | Listed by Heritage House Sotheby's International Realty | $589,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| | |||
|
Your new home awaits in one of the most desirable neighborhoods in Manalapan. This sun drenched expanded cape leaves nothing for the next owner to do but unpack! Open floor plan from the kitchen to the dining/family room with vaulted ceilings and gorgeous wood burning fireplace is perfect for entertaining. The naturally lit and airy sunroom offers a tranquil space overlooking the large private yard. The two first floor bedrooms can also be used as an office, playroom or guest room, with an additional bedroom currently being used as a reading room. Two bedrooms with hardwood floors on the second floor share a spacious bathroom. Updates include: Brand new water heater, gutters, electrical panel, lighting, fence, soft close cabinets, new floors in bedroom/office and sunroom, and refinished floors. The community offers access to the pool club in the HOA cost. Conveniently located for commuters, the bus on Rte 9 to NYC is within a short distance as well as shopping and outstanding restaurants.
| |||
| Mar 19, 2021 | Sold | ||
| Sold | |||
| Jan 14, 2021 | Listed by Keller Williams Realty West Monmouth | $489,900 | |
| Listed by Keller Williams Realty West Monmouth | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Monmouth
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Listed by: Jennifer Klein, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22101127
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: 3 years ago
Data Source: MOMMLS, MLS# 22101127
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