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Ramtown 07731
19 Independence Way
$405,000
● House - Off Market

19 Independence Way

Howell, NJ 07731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$528,477
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Colonial located in the desirable Ramtown area of Howell. Beautiful hardwood flooring. Sunshine fills the living room with 3 large windows. Formal dining room open to living room  great for entertaining family and friends. Spacious eat in kitchen with new ss stove.  Bamboo flooring in the upstairs hallway. Master bedroom with his and her closet w/attached bath.  Full finished basement with full bathroom. Two car garage, plus car port. Three storage sheds. Newer furnace and  water heater. Brand new central air. Newer roof. Brand new fence. Whole house generator installed 2019.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
1993

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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 #22040779)

Price History

Date / Event Date Event Price
Mar 23, 2021 Sold
Premium
Sold
Nov 16, 2020 Listed by Weichert Realtors-Brick $425,000
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 648
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811501

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 1.07
  • Account Number: 30021470
  • District: 21
  • Parcel: 21 00002-0000-00147
  • Block: 2
  • Lot: 147
  • Municipality: HOWELL TWP
  • Latitude: 40.1176
  • Longitude: -74.1456

    Address

  • Full Address: 19 Independence Way
  • Address - House Number: 19
  • Address - Street Name: Independence
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Howell
  • Carrier Code: C016
  • 4-Digit Zip Code: 2867
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $787,844

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 554,446
  • High Value: 662,749
  • Low Value: 446,142

    Market Valuation

  • Market Total Value: $423,800
  • Market Land Value: $179,100
  • Market Improvement Value: $244,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,800
  • Assessed Land Value: $179,100
  • Assessed Improvements Value: $244,700

    Sales

  • Current Sale Contract Date: Mar 22, 2021
  • Current Sale Recording Date: Apr 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021058029
  • Previous Sale Recording Date: Feb 08, 2001
  • Previous Sale Contract Date: Jan 29, 2001
  • Previous Sale Amount: $210,000
  • 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 Ramtown

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$354

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1816 ft²

Average Home Age

40.4 years

Currently For Sale

20 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: Roxanne Morales, Weichert Realtors-Brick
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22040779
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 19 Independence Way built and last sold?
The property at 19 Independence Way was built in 1993 and last sold on Mar 22, 2021 for $415,000.
How much is this home worth?
The estimated value of the home located at 19 Independence Way is $0.
What are some comparable homes to 19 Independence Way?
There are currently no comparable homes to 19 Independence Way.
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