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Monmouth 07753
1744 Martin Road
$535,000
● House - Off Market

1744 Martin Road

Wall, NJ 07753
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$839,217
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Awaken to the gentle sounds of Mother Nature and begin each day surrounded by lush landscape and 2 acres at your private retreat. Nestled at the end of a winding drive you will be pleased to find this sprawling custom home. Offering well proportioned rooms, Double fireplace, stone and brick, well equipped kitchen with rich natural wood cabinets, and plenty of natural light immersing the home. Your backyard oasis awaits you at the end of those long days where you can  relax in your salt water pool,  while enjoying the evening sun setting. Perfect for quiet enjoyment and perfect for your entertaining pleasure. The party starts here where you will find something for everyone.
Unit Size
-
Days on Market
-
Land Size
2.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$813
HOA Dues
-
Year Built
1977

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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 #21715677)

Price History

Date / Event Date Event Price
Jul 21, 2017 Sold
Premium
Sold
Apr 24, 2017 Listed by Ward Wight Sotheby's International Realty $525,000
Listed by Ward Wight Sotheby's International Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 0
  • 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: 480
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 89,080
  • Total Building Area: 2,062
  • Building Area: 2,062
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,062
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002045
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wall Township School District
  • Census Tract: 808600

Zoning

  • Zoning: R-60

Geography

  • Assessors Map Reference: TAX MAP 28
  • District: 52
  • Parcel: 52 00944-0000-00002
  • Block: 944
  • Lot: 2
  • Municipality: WALL TWP
  • Latitude: 40.1817
  • Longitude: -74.1028

    Address

  • Full Address: 1744 Martin Rd
  • Address - House Number: 1744
  • Address - Street Name: Martin
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Wall Township
  • Carrier Code: C007
  • 4-Digit Zip Code: 7118
  • Zip Code: 07753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,084,666

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 879,179
  • High Value: 1,027,093
  • Low Value: 731,265

    Market Valuation

  • Market Total Value: $524,500
  • Market Land Value: $277,500
  • Market Improvement Value: $247,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $524,500
  • Assessed Land Value: $277,500
  • Assessed Improvements Value: $247,000

    Sales

  • Current Sale Contract Date: Jul 21, 2017
  • Current Sale Recording Date: Aug 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017075360
  • Previous Sale Recording Date: Jul 05, 2001
  • Previous Sale Contract Date: Jun 22, 2001
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: 27
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:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2021 ft²

Average Home Age

45.3 years

Currently For Sale

1830 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: Joanne McLaughlin, Ward Wight Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21715677
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 1744 Martin Road built and last sold?
The property at 1744 Martin Road was built in 1977 and last sold on Jul 21, 2017 for $535,000.
How much is this home worth?
The estimated value of the home located at 1744 Martin Road is $530,250.
What are some comparable homes to 1744 Martin Road?
There are currently no comparable homes to 1744 Martin Road.
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