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Monmouth 07748
2 Seneca Drive
$582,000
● House - Off Market

2 Seneca Drive

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
3 Baths
$836,329
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Ready for the next owner to make this amazing home their own! Set upon a large level lot in the Chapell Hill section of Middletown, amongst many higher priced homes and priced well below assessed value, this 3 bedroom 3 full bath custom layout home boasts an updated, large eat in Kitchen with granite counter tops and Stainless Steel appliances, overlooking a large deck and lush property with plenty of room for entertaining, 3 Large bedrooms, Master with ensuite, walk in closet and fabulous layout. Private park like setting centrally located to shopping, downtown Red Bank and easy access to NYC commute. via train, ferry or GSP.  Mother/daughter possibilities! This is an amazing opportunity to be a part of an an amazing community!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,042
HOA Dues
-
Year Built
1975

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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 #21918832)

Price History

Date / Event Date Event Price
Jul 11, 2019 Sold
Premium
Sold
May 10, 2019 Listed by Resources Real Estate $569,900
Listed by Resources Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 660
  • Garage Type: 10
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,950
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 2,100
  • Total Building Area: 2,490
  • Building Area: 2,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,490
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800900

Zoning

  • Zoning: R-90

Geography

  • Assessors Map Reference: TAX MAP 150
  • Account Number: Mar 02, 2008
  • District: 32
  • Parcel: 32 00834-0000-00004
  • Block: 834
  • Lot: 4
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3896
  • Longitude: -74.0695

    Address

  • Full Address: 2 Seneca Dr
  • Address - House Number: 2
  • Address - Street Name: Seneca
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C016
  • 4-Digit Zip Code: 3753
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,212,776

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 890,013
  • High Value: 1,093,997
  • Low Value: 686,030

    Market Valuation

  • Market Total Value: $697,800
  • Market Land Value: $345,900
  • Market Improvement Value: $351,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $697,800
  • Assessed Land Value: $345,900
  • Assessed Improvements Value: $351,900

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019063241
  • Previous Sale Recording Date: Apr 15, 1998
  • Previous Sale Contract Date: Mar 25, 1998
  • Previous Sale Amount: $278,000
  • Previous 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:

$725,000

Sale Price/ft²

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1957 ft²

Average Home Age

45 years

Currently For Sale

2720 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 Crestview Drive, Middletown, NJ, 07748

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 864 ft²
18 Crestview Drive, Middletown, NJ, 07748 Listing by Christopher Moran

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Irene Zitzner, Resources Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21918832
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 Seneca Drive built and last sold?
The property at 2 Seneca Drive was built in 1975 and last sold on Jul 8, 2019 for $582,000.
How much is this home worth?
The estimated value of the home located at 2 Seneca Drive is $0.
What are some comparable homes to 2 Seneca Drive?
There are currently no comparable homes to 2 Seneca Drive.
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