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Monmouth
2 Chippewa Court
$667,000
● House - Off Market

2 Chippewa Court

Holmdel, NJ 07733
bedrooms
6 Beds
bathrooms
3 Baths
$1,051,550
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

WANTED:  CREATIVE BUYER!  LET  YOUR IMAGINATION RUN WILD IN RESTORING THIS FIVE/SIX BEDROOM HOME TO THE SHOWPLACE IT ONCE WAS!  THIS LARGE COLONIAL IS LOCATED IN PRESTIGIOUS WHISPERING WOODS!  HARDWOOD FLOORS UNDER CARPETS, TWO STORY FOYER, VAULTED CEILING FAMILY ROOM WITH FIREPLACE! BEDROOM ON FIRST FLOOR AND FULL BATH!  HUGE UPSTAIRS BONUS ROOM/6th BEDROOM AND LOFT OVERLOOKING FAMILY ROOM! LARGE MASTER BEDROOM AND BATH! COME BRING YOUR DECORATING IDEAS!  HOME IS BEING SOLD ''AS IS'' C/O AND ALL CERTS RESPONSIBILITY OF BUYER!  ROOF APPROXIMATELY 9 YEARS OLD AND HOT WATER HEATER APPROXIMATELY 3 MONTHS OLD!
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,444
HOA Dues
-
Year Built
1985

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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 #21639423)

Price History

Date / Event Date Event Price
Dec 21, 2016 Sold
Premium
Sold
Oct 12, 2016 Listed by RE/MAX The Real Estate Leaders $625,000
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,000
  • Garage Type: 1
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,017
  • Building Area: 4,017
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,017
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Holmdel Township School District
  • Census Tract: 803202

Zoning

  • Zoning: R40A

Geography

  • Account Number: 02660005
  • District: 20
  • Parcel: 20 00050- 15-00090
  • Block: 50.15
  • Lot: 90
  • Municipality: HOLMDEL TWP
  • Latitude: 40.3943
  • Longitude: -74.1512

    Address

  • Full Address: 2 Chippewa Ct
  • Address - House Number: 2
  • Address - Street Name: Chippewa
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Holmdel
  • Carrier Code: C004
  • 4-Digit Zip Code: 1239
  • Zip Code: 07733

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,177,414

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,481,936
  • High Value: 1,745,037
  • Low Value: 1,218,835

    Market Valuation

  • Market Total Value: $1,338,300
  • Market Land Value: $588,000
  • Market Improvement Value: $750,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,338,300
  • Assessed Land Value: $588,000
  • Assessed Improvements Value: $750,300

    Sales

  • Current Sale Contract Date: Dec 21, 2016
  • Current Sale Recording Date: Jan 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017001762
  • Previous Sale Recording Date: Sep 03, 1985
  • Previous Sale Contract Date: Sep 03, 1985
  • Previous Sale Amount: $420,000
  • 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:

$725,000

Sale Price/ft²

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1954 ft²

Average Home Age

45 years

Currently For Sale

2719 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: Karen M Buonomo, RE/MAX The Real Estate Leaders
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21639423
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 2 Chippewa Court built and last sold?
The property at 2 Chippewa Court was built in 1985 and last sold on Dec 21, 2016 for $667,000.
How much is this home worth?
The estimated value of the home located at 2 Chippewa Court is $0.
What are some comparable homes to 2 Chippewa Court?
There are currently no comparable homes to 2 Chippewa Court.
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