For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Rumson 07760 Rumson - Fair Haven
16 N Cherry Lane
$1,540,000
● House - Off Market

16 N Cherry Lane

Rumson, NJ 07760
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3,350 Ft²
$2,243,751
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

This 5 BR, 5 Bath home is located in desirable Old Farm Village! There are a lot of features that many people will appreciate: 1st floor guest suite (currently used as office) w/walk-in closet, 2 gas fireplaces, direct entry 2 car heated garage, gourmet kitchen every chef would love to cook in  w/oversized island,  top of the line appliances,  bluestone front porch and backyard patio, full finished basement about 1500 sq ft w/2cedar closets, high ceiling and full bath and many more. Just blocks away to blue ribbon schools, within minutes to train, bus, fast speed Ferry to NYC and about a mile away from the beach!
Unit Size
3,350 Ft²
Days on Market
-
Land Size
-
Price per sqft
$471
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22002109)

Price History

Date / Event Date Event Price
Apr 15, 2020 Sold
Premium
Sold
Jan 17, 2020 Listed by Weichert Realtors-Rumson $1,578,000
Listed by Weichert Realtors-Rumson

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,763
  • Garage Type: 2
  • Garage Square Area: 514
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,400
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,350
  • Building Area: 3,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000262
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Rumson Borough School District
  • Census Tract: 803900

Zoning

  • Zoning: 8550

Geography

  • Assessors Map Reference: TAX MAP 9
  • Account Number: 030700
  • District: 41
  • Parcel: 41 00023-0000-00002
  • Block: 23
  • Lot: 2
  • Municipality: RUMSON BORO
  • Latitude: 40.3702
  • Longitude: -74.0084

    Address

  • Full Address: 16 N Cherry Ln
  • Address - House Number: 16
  • Street Direction: N
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Rumson
  • Carrier Code: C014
  • 4-Digit Zip Code: 1402
  • Zip Code: 07760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,250,676

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 2,240,003
  • High Value: 2,614,660
  • Low Value: 1,865,347

    Market Valuation

  • Market Total Value: $1,925,300
  • Market Land Value: $1,092,500
  • Market Improvement Value: $832,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,925,300
  • Assessed Land Value: $1,092,500
  • Assessed Improvements Value: $832,800

    Sales

  • Current Sale Contract Date: Apr 23, 2020
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020043618
  • Previous Sale Recording Date: Dec 11, 2007
  • Previous Sale Contract Date: Feb 21, 2007
  • Previous Sale Amount: $1,675,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Rumson - Fair Haven

Stats & Trends

Median Asking:

$2,550,000

Sale Price/ft²

$790

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3393 ft²

Average Home Age

24.2 years

Currently For Sale

15 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 34 Ridge Avenue, Rumson, NJ, 07760

$3,700 /mo

  • 2 Beds
  • 1 Bath
34 Ridge Avenue #R, Rumson, NJ, 07760 Listing by Anna M Ingrassia

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Yelena Milke, Weichert Realtors-Rumson
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22002109
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 North Cherry Lane built and last sold?
The property at 16 North Cherry Lane was built in 2007 and last sold on Apr 23, 2020 for $1,540,000.
How much is this home worth?
The estimated value of the home located at 16 North Cherry Lane is $0.
What are some comparable homes to 16 North Cherry Lane?
There are currently no comparable homes to 16 North Cherry Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Rumson Homes for Sale
Rumson Houses for Sale
Rumson Condos for Sale
Rumson Land for Sale
Rumson Commercial for Sale
Rumson Homes with Basements
Rumson Homes with Pools
Rumson Homes with Parking
Nearby Cities
Long Branch Homes for Sale
Red Bank Homes for Sale
Highlands Homes for Sale
Little Silver Homes for Sale
Fair Haven Homes for Sale
Monmouth Beach Homes for Sale
Oceanport Homes for Sale
Atlantic Highlands Homes for Sale
Nearby Property Records
Monmouth County, NJ Property Records
Middlesex County, NJ Property Records
New York, NY Property Records
Union County, NJ Property Records
Hudson County, NJ Property Records
Nassau County, NY Property Records
Ocean County, NJ Property Records
Essex County, NJ Property Records
Top Real Estate Agents
Top Agents in Rumson - Fair Haven
Top Agents in Rumson
Top Agents in 07740
Top Agents in 07701
Top Agents in Long Branch
Top Agents in 07724
Top Agents in 07760
Top Agents in Red Bank