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Freehold 07728
2 Morris Street
$280,000
● House - Off Market

2 Morris Street

Freehold, NJ 07728
bedrooms
4 Beds
bathrooms
2 Baths
$475,264
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

CHARMING 4 BEDROOM 2 FULL BATH HOME..FEATURING HARDWOOD FLOORS THRU OUT EXCEPT THE KITCHEN, BATHROOMS AND LAUNDRY ROOM...PORCH WITH SLATE FLOORING CAN BE USED FOR 3 SEASONS....THE EAT IN KITCHEN FOR THE LARGE FAMILY GATHERINGS......THE ENCLOSED SUNROOM CAN BE USED FOR 3 SEASONS...THE LAUNDRY ROOM ON THE SECOND FLOOR  ....AS WELL AS THERE IS STORAGE AREA FOR THE MISC ITEMS...THE DRIVEWAY CAN PARK 3 TO 4 CARS OR PARKING ON THE TREE LINED STREET..WALKING DISTANCE TO ALL THE BORO HAS TO OFFER ...CLOSE TO THE MALL AND THE JERSEY SHORE......COMMUTABLE TO MANHATTAN...COME MAKE THIS HOME YOURS
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
1950

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 #21732662)

Price History

Date / Event Date Event Price
Oct 24, 2017 Sold
Premium
Sold
Aug 20, 2017 Listed by C21/ Action Plus Realty $299,000
Listed by C21/ Action Plus Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,096
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,405
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,753
  • Building Area: 1,753
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,753
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Freehold Regional School District
  • Census Tract: 811000

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 16
  • Parcel: 16 00041-0000-00010- 06
  • Block: 41
  • Lot: 10.06
  • Municipality: FREEHOLD BORO
  • Latitude: 40.2628
  • Longitude: -74.2746

    Address

  • Full Address: 2 Morris St
  • Address - House Number: 2
  • Address - Street Name: Morris
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Freehold
  • Carrier Code: C001
  • 4-Digit Zip Code: 1827
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,014,109

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 521,297
  • High Value: 623,567
  • Low Value: 419,026

    Market Valuation

  • Market Total Value: $501,000
  • Market Land Value: $233,300
  • Market Improvement Value: $267,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $483,600

    Sales

  • Current Sale Contract Date: Oct 19, 2017
  • Current Sale Recording Date: Nov 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017114729
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 Freehold

Stats & Trends

Median Asking:

$499,450

Sale Price/ft²

$357

Below Asking

0.01%

Average Days on Market

62

Average Home Size

1157 ft²

Average Home Age

79.6 years

Currently For Sale

26 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: Rachele Como, C21/ Action Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21732662
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 Morris Street built and last sold?
The property at 2 Morris Street was built in 1950 and last sold on Oct 19, 2017 for $280,000.
How much is this home worth?
The estimated value of the home located at 2 Morris Street is $301,990.
What are some comparable homes to 2 Morris Street?
There are currently no comparable homes to 2 Morris Street.
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