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Monmouth 07748
182 Marsha Drive
$675,000
● House - Off Market

182 Marsha Drive

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,672 Ft²
$3,928
Est. Monthly
6.02%
Cap Rate

About This Property

Open the door to a beautiful 4-bedroom, 2-bath home in the sought-after Middletown Township. This Split-level residence nestled in a picturesque neighborhood on a spacious property. Living room is adorned with new flooring, large windows, and decorative molding. On this first level there is also a modernized full bath and a shower stall, ideal for guests or a home office. The upper levels boast refinished hardwood flooring. Kitchen has white cabinets & set off the large dining/family room with vaulted ceilings & recessed lighting. French doors open to a vast deck and a fenced in yard, Perfect for summer gatherings. The next level has three sizable bedrooms and an additional full bath. There is also an attic and basement for extra storage.
Unit Size
1,672 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$400
Property Type
House
Property Taxes
$642
HOA Dues
-
Year Built
1958

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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 #22422380)

Price History

Date / Event Date Event Price
Oct 7, 2024 Sold
Premium
Sold
Aug 28, 2024 In contract -
In contract
Aug 3, 2024 Listed by RE/MAX First Class $669,000
Listed by RE/MAX First Class

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 304
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,672
  • Building Area: 1,672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800701

Zoning

  • Zoning: R-22

Geography

  • Assessors Map Reference: TAX MAP 33
  • Account Number: 7-4-1.5
  • District: 32
  • Parcel: 32 00583-0000-00004
  • Block: 583
  • Lot: 4
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4228
  • Longitude: -74.1255

    Address

  • Full Address: 182 Marsha Dr
  • Address - House Number: 182
  • Address - Street Name: Marsha
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C013
  • 4-Digit Zip Code: 1147
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $770,803

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 542,334
  • High Value: 636,665
  • Low Value: 448,004

    Market Valuation

  • Market Total Value: $443,500
  • Market Land Value: $288,000
  • Market Improvement Value: $155,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $443,500
  • Assessed Land Value: $288,000
  • Assessed Improvements Value: $155,500

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 74575
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:

$739,900

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

2006 ft²

Average Home Age

45.6 years

Currently For Sale

1843 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 156 Main Street, Port Monmouth, NJ, 07758

$3,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff
Unit for rent at 26 Alpine Road, Holmdel, NJ, 07733

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,961 ft²
26 Alpine Road, Holmdel, NJ, 07733 Listing by Lydia Chen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eva G Acevedo, RE/MAX First Class
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22422380
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 182 Marsha Drive built and last sold?
The property at 182 Marsha Drive was built in 1958 and last sold on Oct 16, 2023 for $535,000.
How much is this home worth?
The estimated value of the home located at 182 Marsha Drive is $675,470.
What are some comparable homes to 182 Marsha Drive?
There are currently no comparable homes to 182 Marsha Drive.
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