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Allentown 08501
18 Farmer Drive
$321,000
● House - Off Market

18 Farmer Drive

Allentown, NJ 08501
bedrooms
3 Beds
bathrooms
2 Baths
$484,612
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Welcome to the most charming home in Allentown! This 3 bedroom, 2 full bathroom Cape Cod is centrally located in the exclusive Lakeview development of desirable Allentown. Walk to school, town, and most importantly, the picturesque lake! Enjoy your free time in the backyard on the paver patio overlooking the manicured lawn, since this fully updated home needs no thought! Fully updated in the last few years, this home is perfect for the first time home buyer or downsizer looking to walk in the door and just unpack. Get in to see it today - this home WILL NOT last!!!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$674
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21835207)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Sep 5, 2018 Listed by Gloria Nilson & Co Real Estate $319,950
Listed by Gloria Nilson & Co Real Estate
Jul 15, 2014 Sold
Premium
Sold
May 23, 2014 Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville $279,900
Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville
Feb 1, 2013 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 3
  • Basement Area: 708
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,040
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,245
  • Building Area: 1,245
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,245
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF LAKEVIEW
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Upper Freehold Regional School District
  • Census Tract: 812000

Zoning

  • Zoning: 8747

Geography

  • District: 03
  • Parcel: 03 00012-0000-00008
  • Block: 12
  • Lot: 8
  • Municipality: ALLENTOWN BORO
  • Latitude: 40.1756
  • Longitude: -74.5793

    Address

  • Full Address: 18 Farmer Dr
  • Address - House Number: 18
  • Address - Street Name: Farmer
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Allentown
  • Carrier Code: R102
  • 4-Digit Zip Code: 1701
  • Zip Code: 08501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $907,433

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 546,165
  • High Value: 647,224
  • Low Value: 445,105

    Market Valuation

  • Market Total Value: $315,300
  • Market Land Value: $122,200
  • Market Improvement Value: $193,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,300
  • Assessed Land Value: $122,200
  • Assessed Improvements Value: $193,100

    Sales

  • Current Sale Contract Date: Oct 30, 2018
  • Current Sale Recording Date: Apr 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019032271
  • Previous Sale Recording Date: Jul 21, 2014
  • Previous Sale Contract Date: Jul 10, 2014
  • Previous Sale Amount: $275,000
  • 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 Allentown

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1787 ft²

Average Home Age

97 years

Currently For Sale

9 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

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MOMMLS

Listed by: Matthew Merritt, Gloria Nilson & Co Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21835207
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 Farmer Drive built and last sold?
The property at 18 Farmer Drive was built in 1952 and last sold on Oct 30, 2018 for $321,000.
How much is this home worth?
The estimated value of the home located at 18 Farmer Drive is $323,150.
What are some comparable homes to 18 Farmer Drive?
There are currently no comparable homes to 18 Farmer Drive.
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