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Monmouth 07731
2 Grindstone Road
$410,000
● House - Off Market

2 Grindstone Road

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$707,847
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Gorgeous 4 bedroom Colonial in desirable Centennial Point development.  Bright sunny kitchen has gleaming granite counters, center island, and stainless appliances, plus sliders to yard and patio with awning for shade and fire pit for enjoying cool evenings outside. Formal dining room, living room and family room downstairs and 4 huge bedrooms upstairs make this a great home. Master suite boasts walk in closet and master bath with shower and soaking tub. Newer roof, central air and furnace. Nothing to do but move in and enjoy this beauty of a home!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
1998

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: 3 years ago (MOMLS #21637938)

Price History

Date / Event Date Event Price
Feb 22, 2017 Sold
Premium
Sold
Sep 30, 2016 Listed by ERA Central Realty Group $425,000
Listed by ERA Central Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,460
  • Total Building Area: 2,386
  • Building Area: 2,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,386
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811301

Zoning

  • Zoning: AREC

Geography

  • Assessors Map Reference: TAX MAP 7.18
  • Account Number: 04822469
  • District: 21
  • Parcel: 21 00110- 07-00007
  • Block: 110.07
  • Lot: 7
  • Municipality: HOWELL TWP
  • Latitude: 40.171
  • Longitude: -74.2509

    Address

  • Full Address: 2 Grindstone Rd
  • Address - House Number: 2
  • Address - Street Name: Grindstone
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Howell
  • Carrier Code: C012
  • 4-Digit Zip Code: 3154
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,068,788

    Appraisal Valuation

  • Standard Deviation: 0.1673
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 695,032
  • High Value: 811,363
  • Low Value: 578,701

    Market Valuation

  • Market Total Value: $574,000
  • Market Land Value: $245,900
  • Market Improvement Value: $328,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $574,000
  • Assessed Land Value: $245,900
  • Assessed Improvements Value: $328,100

    Sales

  • Current Sale Contract Date: May 28, 1998
  • Current Sale Recording Date: Jul 09, 1998
  • Current Sale Price:
    Premium
  • Current 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:

$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

1840 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 43 Frederick Avenue, Howell, NJ, 07731

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
43 Frederick Avenue, Howell, NJ, 07731 Listing by Natalie Pantelo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Suzanne Kenny, ERA Central Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21637938
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 Grindstone Road built and last sold?
The property at 2 Grindstone Road was built in 1998 and last sold on May 28, 1998 for $207,249.
How much is this home worth?
The estimated value of the home located at 2 Grindstone Road is $429,250.
What are some comparable homes to 2 Grindstone Road?
There are currently no comparable homes to 2 Grindstone Road.
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