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Monmouth
1706 Union Avenue
$350,000
● House - Off Market

1706 Union Avenue

Hazlet, NJ 07730
bedrooms
5 Beds
bathrooms
2 Baths
$527,944
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

This is a lot of remodeled house for the money!  5 BRs * 2 New Baths * Brand New Kitchen w/ ceramic floor, Shaker White cabinets, Stainless Steel Appliances * Wood Floors * New Furnace and Central Air * New HWH * Carport *
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
1959

Payment Calculator

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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: 3 years ago (MOMLS #21822434)

Price History

Date / Event Date Event Price
Aug 3, 2018 Sold
Premium
Sold
Jun 7, 2018 Listed by C21/ Charles Smith Agency $349,000
Listed by C21/ Charles Smith Agency

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 864
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,198
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,649
  • Building Area: 1,649
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,649
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: THE CAPE MODEL

Neighborhood

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

Zoning

  • Zoning: R70

Geography

  • Assessors Map Reference: TAX MAP 42
  • Account Number: 020230
  • District: 18
  • Parcel: 18 00119-0000-00011
  • Block: 119
  • Lot: 11
  • Municipality: HAZLET TWP
  • Latitude: 40.4266
  • Longitude: -74.1616

    Address

  • Full Address: 1706 Union Ave
  • Address - House Number: 1706
  • Address - Street Name: Union
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C013
  • 4-Digit Zip Code: 2445
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $854,159

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 515,160
  • High Value: 616,919
  • Low Value: 413,401

    Market Valuation

  • Market Total Value: $399,700
  • Market Land Value: $241,000
  • Market Improvement Value: $158,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,700
  • Assessed Land Value: $241,000
  • Assessed Improvements Value: $158,700

    Sales

  • Current Sale Contract Date: Aug 01, 2018
  • Current Sale Recording Date: Aug 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018079710
  • Previous Sale Recording Date: Oct 19, 2017
  • Previous Sale Contract Date: Jan 03, 2017
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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

$384

Above Asking

0.56%

Average Days on Market

64

Average Home Size

1961 ft²

Average Home Age

45.2 years

Currently For Sale

3024 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

Rentals Near You

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MOMMLS

Listed by: Todd Kessler, C21/ Charles Smith Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21822434
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 1706 Union Avenue built and last sold?
The property at 1706 Union Avenue was built in 1959 and last sold on Aug 1, 2018 for $350,000.
How much is this home worth?
The estimated value of the home located at 1706 Union Avenue is $352,490.
What are some comparable homes to 1706 Union Avenue?
There are currently no comparable homes to 1706 Union Avenue.
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