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Monmouth 07712
2 Timber Drive
$590,000
● House - Off Market

2 Timber Drive

Ocean Twp, NJ 07712
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$765,683
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Brand New to the market, this will not last. Gorgeous Gourmet Kitchen with center island, stainless steel appliances, and granite counters. This really is a dream kitchen with a vaulted ceiling that is open to the family room with a fireplace and built ins.  Dining room is open to the living room for easy entertaining. Gleaming hardwood floors that were just re-finished downstairs. 5 Bedrooms upstairs. One is set to the side for the perfect at home office.  Partially finished basement for extra living space. Beautifully landscaped corner lot that is fenced in for your outdoor enjoyment. This is a beautifully , well maintained home that is ready for you to start enjoying. Close to major routes, dining, and the Jersey Shore Beaches
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

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 #22024237)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jul 17, 2020 Listed by RE/MAX Gateway $559,000
Listed by RE/MAX Gateway

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 3
  • Basement Area: 648
  • Garage Type: 2
  • Garage Square Area: 286
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,705
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,498
  • Building Area: 2,498
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,498
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000291
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806504

Zoning

  • Zoning: SF20

Geography

  • Assessors Map Reference: TAX MAP 60
  • District: 37
  • Parcel: 37 00179-0000-00006
  • Block: 179
  • Lot: 6
  • Municipality: OCEAN TWP
  • Latitude: 40.2437
  • Longitude: -74.0451

    Address

  • Full Address: 2 Timber Dr
  • Address - House Number: 2
  • Address - Street Name: Timber
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Ocean
  • Carrier Code: C029
  • 4-Digit Zip Code: 3451
  • Zip Code: 07712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,055,646

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 871,039
  • High Value: 1,078,270
  • Low Value: 663,809

    Market Valuation

  • Market Total Value: $678,000
  • Market Land Value: $319,700
  • Market Improvement Value: $358,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $678,000
  • Assessed Land Value: $319,700
  • Assessed Improvements Value: $358,300

    Sales

  • Current Sale Contract Date: Aug 27, 2020
  • Current Sale Recording Date: Sep 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020103853
  • Previous Sale Recording Date: Dec 08, 2011
  • Previous Sale Contract Date: Nov 22, 2011
  • Previous Sale Amount: $450,000
  • 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:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1970 ft²

Average Home Age

45.6 years

Currently For Sale

1830 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 19 Fieldstone Lane, Ocean Twp, NJ, 07712

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,198 ft²
19 Fieldstone Lane, Ocean Twp, NJ, 07712 Listing by Alex Saka

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gloria V Siciliano, RE/MAX Gateway
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22024237
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 Timber Drive built and last sold?
The property at 2 Timber Drive was built in 1968 and last sold on Aug 27, 2020 for $590,000.
How much is this home worth?
The estimated value of the home located at 2 Timber Drive is $564,590.
What are some comparable homes to 2 Timber Drive?
There are currently no comparable homes to 2 Timber Drive.
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