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Fair Haven 07704 Fair Haven
18 Browns Lane
$1,400,000
● House - Off Market

18 Browns Lane

Fair Haven, NJ 07704
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$7,971
Est. Monthly
3.34%
Cap Rate

About This Property

This Delightful Farmhouse set on charming Browns Lane offers views of the Navesink River with an eye for preserving the past while embracing modern living. This circa 1860 4 bedroom 3.5 bath gem has been expanded by its current owner, ensuring the original charm shines through with features such as original hardwood floors, dutch door & beamed ceilings.  Many updates include new roof, Hardiplank siding, boiler, AC, tankless hot water heater, phantom door screens, a VT soapstone Co. wood stove, Bluestone porch with metal seamed roof and patio with pergola, antimicrobial turf in backyard, water purification system, fenced yard and invisible fence.Close to town, schools, the beach and an easy commute by ferry to NYC
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,102
HOA Dues
-
Year Built
1903

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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 #22431231)

Price History

Date / Event Date Event Price
Dec 13, 2024 Sold
Premium
Sold
Nov 19, 2024 In contract -
In contract
Nov 11, 2024 Price Decreased $1,399,000
↓ $101K (6.7%)
Price Decreased
Oct 29, 2024 Listed by Heritage House Sotheby's International Realty $1,500,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 9
  • Basement Area: 602
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 10,098
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 990
  • Total Building Area: 2,399
  • Building Area: 2,399
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Fair Haven Borough School District
  • Census Tract: 803700

Zoning

  • Zoning: R10A

Geography

  • Assessors Map Reference: TAX MAP 8
  • District: 14
  • Parcel: 14 00062-0000-00023
  • Block: 62
  • Lot: 23
  • Municipality: FAIR HAVEN BORO
  • Latitude: 40.3675
  • Longitude: -74.0289

    Address

  • Full Address: 18 Browns Ln
  • Address - House Number: 18
  • Address - Street Name: Browns
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Fair Haven
  • Carrier Code: C014
  • 4-Digit Zip Code: 3525
  • Zip Code: 07704

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,322,003

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,262,742
  • High Value: 1,486,928
  • Low Value: 1,038,557

    Market Valuation

  • Market Total Value: $839,900
  • Market Land Value: $455,000
  • Market Improvement Value: $384,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $839,900
  • Assessed Land Value: $455,000
  • Assessed Improvements Value: $384,900
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 Fair Haven

Stats & Trends

Median Asking:

$1,499,450

Sale Price/ft²

$727

Above Asking

0.00%

Average Days on Market

56

Average Home Size

1369 ft²

Average Home Age

37.3 years

Currently For Sale

8 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 41 Tower Hill Drive, Red Bank, NJ, 07701

$4,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,556 ft²
41 Tower Hill Drive, Red Bank, NJ, 07701 Listing by Mary Ann Durr
Unit for rent at 475 Locust Point Road, Rumson, NJ, 07760

$5,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,592 ft²
475 Locust Point Road, Rumson, NJ, 07760 Listing by David Bailey

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kelly Zaccaro, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22431231
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 18 Browns Lane built and last sold?
The property at 18 Browns Lane was built in 1903 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18 Browns Lane is $0.
What are some comparable homes to 18 Browns Lane?
There are currently no comparable homes to 18 Browns Lane.
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