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Ramtown 07731
2 Scarlet Lane
$649,000
● House - Off Market

2 Scarlet Lane

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,184 Ft²
$640,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Another Ramtown gem ready to call home!  SItuated on a spacious corner lot, close to major highways, shopping and convenient to so much more - including the beach to enjoy local summer! - this Laurel Model is ready to love. Great space, a casual yet elegant feel with new flooring throughout and freshly painted with neutral colors, you'll be taken in!  Spacious living room and dining area , very bright and updated kitchen with eating area, leading into the huge family room with modern-style electric fireplace and sliders leading to the large fenced yard with patio and pergola, inground pool and plenty of space to have parties or whatever you want! 4 geneous bedrooms including master with en-suite bath.  The full finished basement offers amazing additional living space.  Fall in love!
Unit Size
2,184 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$293
Property Type
House
Property Taxes
$790
HOA Dues
-
Year Built
1985

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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 #22325221)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Sep 8, 2023 Listed by NextHome Force Realty Partners $640,000
Listed by NextHome Force Realty Partners

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 754
  • Garage Type: 10
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 8,736
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 840
  • Total Building Area: 2,184
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811501

Zoning

  • Zoning: SF10

Geography

  • Assessors Map Reference: TAX MAP 1.09
  • Account Number: 32340100
  • District: 21
  • Parcel: 21 00002- 34-00001
  • Block: 2.34
  • Lot: 1
  • Municipality: HOWELL TWP
  • Latitude: 40.1127
  • Longitude: -74.1466

    Address

  • Full Address: 2 Scarlet Ln
  • Address - House Number: 2
  • Address - Street Name: Scarlet
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Howell
  • Carrier Code: C007
  • 4-Digit Zip Code: 2815
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,013,527

    Appraisal Valuation

  • Standard Deviation: 0.1877
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 669,564
  • High Value: 795,303
  • Low Value: 543,825

    Market Valuation

  • Market Total Value: $545,200
  • Market Land Value: $271,300
  • Market Improvement Value: $273,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,200
  • Assessed Land Value: $271,300
  • Assessed Improvements Value: $273,900

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 90062
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 Ramtown

Stats & Trends

Median Asking:

$648,000

Sale Price/ft²

$354

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1794 ft²

Average Home Age

40.6 years

Currently For Sale

16 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 13 Laurel Crest Drive, Howell, NJ, 07731

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,883 ft²
13 Laurel Crest Drive, Howell, NJ, 07731 Listing by Yechiel Furst

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Annmarie Scottson, NextHome Force Realty Partners
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22325221
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 Scarlet Lane built and last sold?
The property at 2 Scarlet Lane was built in 1985 and last sold on Dec 28, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 2 Scarlet Lane is $653,807.
What are some comparable homes to 2 Scarlet Lane?
There are currently no comparable homes to 2 Scarlet Lane.
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