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Monmouth
17 Monterey Drive
$495,000
● House - Off Market

17 Monterey Drive

Hazlet, NJ 07730
bedrooms
4 Beds
bathrooms
3 Baths
$577,883
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

The WORK HAS BEEN DONE! IMMACULATE TOP TO BOTTOM FULL GUT RENOVATION. SPRAWLING OPEN FLOOR PLAN complete with EXQUISITE ENTERTAINERS KITCHEN. GRANITE ISLAND, SS APPLIANCES, 42'' CABINETRY. LUXURY VINYL PLANK FLOORING throughout. MASTER SUITE Complete w/ WALK IN CLOSET & MASTER BATH. 8 CAR DRIVEWAY. FULLY FENCED YARD. TONS OF NATURAL LIGHT. All for You, The NEXT Owner!
Unit Size
-
Days on Market
30 days
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1963

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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: 8 months ago (MOMLS #22115309)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
May 17, 2021 Listed by Keller Williams Realty Central Monmouth $500,000
Listed by Keller Williams Realty Central Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,281
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,779
  • Building Area: 1,779
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,779
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: NANTUCKET CAPE MODEL

Neighborhood

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

Zoning

  • Zoning: R70

Geography

  • Assessors Map Reference: TAX MAP 44
  • Account Number: 014084
  • District: 18
  • Parcel: 18 00083-0000-00003
  • Block: 83
  • Lot: 3
  • Municipality: HAZLET TWP
  • Latitude: 40.4316
  • Longitude: -74.1727

    Address

  • Full Address: 17 Monterey Dr
  • Address - House Number: 17
  • Address - Street Name: Monterey
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C005
  • 4-Digit Zip Code: 2143
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,055,678

    Appraisal Valuation

  • Standard Deviation: 0.1938
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 589,653
  • High Value: 703,966
  • Low Value: 475,341

    Market Valuation

  • Market Total Value: $494,000
  • Market Land Value: $279,400
  • Market Improvement Value: $214,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,000
  • Assessed Land Value: $279,400
  • Assessed Improvements Value: $214,600

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Jul 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021109842
  • Previous Sale Recording Date: Dec 14, 2020
  • Previous Sale Contract Date: Oct 28, 2020
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 12
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

1949 ft²

Average Home Age

45 years

Currently For Sale

2749 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 19 Gregory Street, Hazlet, NJ, 07730

$4,250 /mo

  • 4 Beds
  • 2 Baths
19 Gregory Street, Hazlet, NJ, 07730 Listing by DEBORAH F. RATCLIFF

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Alfred Oliva, Keller Williams Realty Central Monmouth
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 22115309
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 Monterey Drive built and last sold?
The property at 17 Monterey Drive was built in 1963 and last sold on Jun 28, 2021 for $495,000.
How much is this home worth?
The estimated value of the home located at 17 Monterey Drive is $0.
What are some comparable homes to 17 Monterey Drive?
There are currently no comparable homes to 17 Monterey Drive.
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