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Monmouth 07746
2 Lowry Lane
$899,000
● House - Off Market

2 Lowry Lane

Marlboro, NJ 07746
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
3,690 Ft²
$906,906
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Incredible Opportunity to make this gem in Marlboro Manse shine again!  Head up the paver driveway, through the double entry doors to the grand 2 story foyer and check it out. Pocket doors to living room w/ bar, fireplace & decorative trim. Family room w/ coffered ceiling  & 2nd fireplace. Decorative Dining Room trim. Butler's pantry. Enormous EIK.  5th BR or office on 1st floor.  Finished basement.  House features 4 zone BBHW heat and 2 zone AC.  Private yard surrounded by landscaping / fence will make yours the house to hang out at with enormous stone patio, fireplace, built in grill, pool and basketball court. Sold strictly ''AS IS'' w/ buyer responsible for C of O / Smoke Cert. Seller makes no representations or warranties as to condition. Buyer to pay NJ Real Estate Transfer Fee.
Unit Size
3,690 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$244
Property Type
House
Property Taxes
$1,555
HOA Dues
-
Year Built
2000

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 #22201037)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Jan 13, 2022 Listed by C21/ Charles Smith Agency $899,900
Listed by C21/ Charles Smith Agency

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 3
  • Basement Area: 2,002
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 27,750
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 3,690
  • Building Area: 3,690
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 3,690
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000637
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Marlboro Township School District
  • Census Tract: 809701

Zoning

  • Zoning: SCPR

Geography

  • Assessors Map Reference: TAX MAP 91
  • District: 30
  • Parcel: 30 00214- 03-00004
  • Block: 214.03
  • Lot: 4
  • Municipality: MARLBORO TWP
  • Latitude: 40.3208
  • Longitude: -74.2394

    Address

  • Full Address: 2 Lowry Ln
  • Address - House Number: 2
  • Address - Street Name: Lowry
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Marlboro
  • Carrier Code: R093
  • 4-Digit Zip Code: 2713
  • Zip Code: 07746

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,915,544

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,267,518
  • High Value: 1,492,551
  • Low Value: 1,042,484

    Market Valuation

  • Market Total Value: $803,500
  • Market Land Value: $265,800
  • Market Improvement Value: $537,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $803,500
  • Assessed Land Value: $265,800
  • Assessed Improvements Value: $537,700

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 73853
  • Previous Sale Recording Date: Feb 20, 2020
  • Previous Sale Contract Date: Nov 19, 2019
  • Previous Sale Amount: $491,000
  • Previous Sale Document Type: 64
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:

$724,900

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1952 ft²

Average Home Age

44.9 years

Currently For Sale

2906 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 18 Hobart Street, Marlboro, NJ, 07746

$4,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,770 ft²
18 Hobart Street, Marlboro, NJ, 07746 Listing by Joseph Orrico

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Todd Kessler, C21/ Charles Smith Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22201037
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 Lowry Lane built and last sold?
The property at 2 Lowry Lane was built in 2000 and last sold on May 17, 2022 for $899,000.
How much is this home worth?
The estimated value of the home located at 2 Lowry Lane is $908,899.
What are some comparable homes to 2 Lowry Lane?
There are currently no comparable homes to 2 Lowry Lane.
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