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Tinton Falls 07753
17 Colonial Drive
$649,000
● House - Off Market

17 Colonial Drive

Tinton Falls, NJ 07753
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,348 Ft²
$649,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Look no further! Best Value in town! Expanded Colonial situated on deep private lot in the heart of Park Place! Features foyer, formal living & dining room combo w/ vaulted ceilings, bay window and sliders out to private paver patio, sun drenched eat in kitchen w/  tile floor, stainless steel appliances, recessed lighting & tile backsplash, 5 generous sized bedrooms, 4 updated baths, first floor laundry room, oversized attic & attached 1 car garage! Master Suite boasts custom walk in closet & en suite full bath. First floor in law suite/ guest quarters boasts oversized bedroom w. abundant closets and private full bath! Updates include 2 zone gas heat & new c-air(2023), Anderson windows throughout, newer roof & siding(2019) & driveway w/ belgium block(2019)! Only minutes to everything!
Unit Size
2,348 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$277
Property Type
House
Property Taxes
$654
HOA Dues
-
Year Built
1985

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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 #22316645)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold
Premium
Sold
Aug 17, 2023 Listed by Schecher Realty $649,900
Listed by Schecher Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,348
  • Building Area: 2,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,348
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Monmouth Regional School District
  • Census Tract: 804801

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 63
  • District: 49
  • Parcel: 49 00124- 04-00018
  • Block: 124.04
  • Lot: 18
  • Municipality: TINTON FALLS BORO
  • Latitude: 40.2498
  • Longitude: -74.0851

    Address

  • Full Address: 17 Colonial Dr
  • Address - House Number: 17
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Tinton Falls
  • Carrier Code: C024
  • 4-Digit Zip Code: 7855
  • Zip Code: 07753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $782,685

    Appraisal Valuation

  • Standard Deviation: 0.1671
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 644,138
  • High Value: 751,788
  • Low Value: 536,489

    Market Valuation

  • Market Total Value: $512,900
  • Market Land Value: $235,700
  • Market Improvement Value: $277,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,900
  • Assessed Land Value: $235,700
  • Assessed Improvements Value: $277,200

    Sales

  • Current Sale Contract Date: Oct 27, 2023
  • Current Sale Recording Date: Nov 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 82432
  • Previous Sale Recording Date: Dec 23, 1997
  • Previous Sale Contract Date: Dec 19, 1997
  • Previous Sale Amount: $133,900
  • 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 Tinton Falls

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$361

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1898 ft²

Average Home Age

32 years

Currently For Sale

43 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: Michele Ashkenazi, Schecher Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22316645
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 17 Colonial Drive built and last sold?
The property at 17 Colonial Drive was built in 1985 and last sold on Oct 27, 2023 for $649,000.
How much is this home worth?
The estimated value of the home located at 17 Colonial Drive is $657,652.
What are some comparable homes to 17 Colonial Drive?
There are currently no comparable homes to 17 Colonial Drive.
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