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Monmouth 07737
2 Flomar Avenue
$680,000
● House - Off Market

2 Flomar Avenue

Leonardo, NJ 07737
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
$1,100,150
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Actual zip is 07737. Stunning best describes this custom built Colonial (by a local builder). From the moment you enter this home, the quality and upgrades are evident from the cook's kitchen to the finished basement playroom, nothing has been left to change. You will not be disappointed. Come, see this gorgeous home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,101
HOA Dues
-
Year Built
2005

Payment Calculator

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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 #21722479)

Price History

Date / Event Date Event Price
Aug 24, 2017 Sold
Premium
Sold
Jun 8, 2017 Listed by Gloria Nilson & Co. Real Estate $689,900
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 9
  • Basement Area: 1,735
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,400
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 2,200
  • Total Building Area: 3,370
  • Building Area: 3,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000858
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: R-22

Geography

  • Assessors Map Reference: TAX MAP 42
  • District: 32
  • Parcel: 32 00674- 01-00019- 02
  • Block: 674.01
  • Lot: 19.02
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4127
  • Longitude: -74.0633

    Address

  • Full Address: 2 Flomar Ave
  • Address - House Number: 2
  • Address - Street Name: Flomar
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C004
  • 4-Digit Zip Code: 1304
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,615,645

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,046,312
  • High Value: 1,245,225
  • Low Value: 847,400

    Market Valuation

  • Market Total Value: $929,600
  • Market Land Value: $299,000
  • Market Improvement Value: $630,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $929,600
  • Assessed Land Value: $299,000
  • Assessed Improvements Value: $630,600

    Sales

  • Current Sale Contract Date: Aug 24, 2017
  • Current Sale Recording Date: Sep 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017088257

    Financing

  • First Mortgage Financing Type: FIX
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:

$744,560

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2020 ft²

Average Home Age

45.2 years

Currently For Sale

1812 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: Graeme W Atkinson, Gloria Nilson & Co. Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21722479
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 Flomar Avenue built and last sold?
The property at 2 Flomar Avenue was built in 2005 and last sold on Aug 24, 2017 for $680,000.
How much is this home worth?
The estimated value of the home located at 2 Flomar Avenue is $0.
What are some comparable homes to 2 Flomar Avenue?
There are currently no comparable homes to 2 Flomar Avenue.
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