$485,000
●
House -
Off Market
161 Old Tavern Road
Howell, NJ 07731
3 Beds
2 Baths
$3,061
Est. Monthly
7.20%
Cap Rate
About This Property
This meticulously maintained ranch, 3 BR 2 bath home has been
freshly painted inside & out. Ideally situated on a sprawling
1.21-acre sanctuary, offering unparalleled privacy. Step into a
renovated kitchen with granite countertops, natural stone accents &
charming farm sink. Beautiful hardwood floors grace the interiors,
complemented by a convenient utility room equipped with a washer &
dryer. The master BR includes an en-suite bathroom. This home has
also received numerous upgrades, such as a replacement Anderson
picture window, a new septic, AC & roof. Outside, you'll find
a spacious deck, perfect for summer entertaining. A detached garage
with a carport area provides ample covered parking. Additional
highlights include a storage shed & fully fenced yard, ensuring
your private oasis.
Unit Size
-
Days on Market
130 days
Land Size
1.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$630
HOA Dues
-
Year Built
1960
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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 #22329307)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2023 | Listed by RE/MAX Bay Point Realtors | $495,000 | |
| Listed by RE/MAX Bay Point Realtors | |||
| Feb 22, 2022 | Sold | ||
| Sold | |||
| Jul 12, 2021 | Listed by Coldwell Banker Realty | $375,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
BACK ON MARKET! Country Living with City Convenience! Freshly Painted Inside and Out, this Well-Maintained One-Story 3 Bedroom, 2 Bath Charmer is Nestled in the Woods on 1.21 Acre of Privacy. Featuring a Renovated Kitchen with Granite Counters, Natural Stone and Seaglass Backsplash, Farm Sink & Stainless Steel Appliances, Hardwood Floors, Utility Room with Washer/Dryer, and a Master Bedroom with Attached Shower. Just Imagine Yourself Snuggled in Front of the Roaring Fieldstone Woodburning Fireplace in Your Living Room During Those Cold Winters! Replaced Anderson Picture Window, Furnace, and Roof. Outdoors include a 30x16 Deck for Summer Entertaining, Detached 1-Car Garage with Carport Area Connected, Storage Shed, and Fence-in Yard. Minutes from Transportation, Shopping, & Great Schools!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
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: David Najdzinowicz, RE/MAX Bay Point Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22329307
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: 2 years ago
Data Source: MOMMLS, MLS# 22329307
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