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Tinton Falls 07724
2 Old Farm Road
$415,000
● House - Off Market

2 Old Farm Road

Tinton Falls, NJ 07724
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$778,848
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Warm and Inviting ... 5 bedroom, 2.5 bath Colonial in the heart of Tinton Falls. This lovely home features fireplace, crown moldings, hardwood floors, picture windows and so much more. Spacious rooms throughout allow for lovely open floor plan. Nicely situated on 1/2 acres with complete privacy. Enjoy outdoors on the front porch or rear deck. Home was completely renovated in 1994. Ideal location, close to schools, Rt 18, GSP, shopping and beaches.
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
House
Property Taxes
$779
HOA Dues
-
Year Built
1986

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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 #21530828)

Price History

Date / Event Date Event Price
Nov 24, 2015 Sold
Premium
Sold
Aug 7, 2015 Listed by Heritage House Sotheby's International Realty $439,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 644
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,046
  • Lot Size Depth Feet: 1,510
  • Lot Size Frontage Feet: 1,460
  • Total Building Area: 2,646
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000506
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Monmouth Regional School District
  • Census Tract: 804600

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 27
  • District: 49
  • Parcel: 49 00069-0000-00006
  • Block: 69
  • Lot: 6
  • Municipality: TINTON FALLS BORO
  • Latitude: 40.3068
  • Longitude: -74.0981

    Address

  • Full Address: 2 Old Farm Rd
  • Address - House Number: 2
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Tinton Falls
  • Carrier Code: C002
  • 4-Digit Zip Code: 3271
  • Zip Code: 07724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $964,018

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 831,835
  • High Value: 987,942
  • Low Value: 675,729

    Market Valuation

  • Market Total Value: $626,800
  • Market Land Value: $300,100
  • Market Improvement Value: $326,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $626,800
  • Assessed Land Value: $300,100
  • Assessed Improvements Value: $326,700

    Sales

  • Current Sale Contract Date: Nov 10, 2015
  • Current Sale Recording Date: Dec 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015111888
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 Tinton Falls

Stats & Trends

Median Asking:

$529,999

Sale Price/ft²

$361

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1918 ft²

Average Home Age

31.2 years

Currently For Sale

35 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 8 Joyce Court, Tinton Falls, NJ, 07724

$3,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,710 ft²
8 Joyce Court, Tinton Falls, NJ, 07724 Listing by Carolina M Zocco
Unit for rent at 62 Secretariat Court, Tinton Falls, NJ, 07724

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,640 ft²
62 Secretariat Court, Tinton Falls, NJ, 07724 Listing by Christopher Daly

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Anna Appolonia, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21530828
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 Old Farm Road built and last sold?
The property at 2 Old Farm Road was built in 1986 and last sold on Nov 10, 2015 for $415,000.
How much is this home worth?
The estimated value of the home located at 2 Old Farm Road is $443,390.
What are some comparable homes to 2 Old Farm Road?
There are currently no comparable homes to 2 Old Farm Road.
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