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Allenwood 08720
2113 Red Gate Road
$620,000
● House - Off Market

2113 Red Gate Road

Allenwood, NJ 07719
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,380 Ft²
$942,676
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Beautiful 4 bedroom home on quiet cul-de-sac in the Allenwood section. Home features wood-burning F/P in family room, luxurious master suite with gas F/P, whirlpool and private balcony, hardwood floors on 1st floor, 3 full baths, 3 car garage and basement.  Home sits on a 1/2 acre with room for a pool. There will be a $3,000 carpet allowance to replace bedroom carpets. Owner is a NJ licensed Real Estate Broker.
Unit Size
3,380 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$943
HOA Dues
-
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21833368)

Price History

Date / Event Date Event Price
May 14, 2019 Sold
Premium
Sold
Oct 11, 2018 Listed by Ocean Ventures Realty, Inc. $639,000
Listed by Ocean Ventures Realty, Inc.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 900
  • Garage Type: 2
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 60,656
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 4,460
  • Total Building Area: 3,187
  • Building Area: 3,187
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,187
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001392
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wall Township School District
  • Census Tract: 808501

Zoning

  • Zoning: R-20

Geography

  • Assessors Map Reference: TAX MAP 94
  • District: 52
  • Parcel: 52 00826-0000-00028- 01
  • Block: 826
  • Lot: 28.01
  • Municipality: WALL TWP
  • Latitude: 40.1444
  • Longitude: -74.1003

    Address

  • Full Address: 2113 Ridgewood Rd
  • Address - House Number: 2113
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Belmar
  • Zip Code: 07719

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,197,495

    Appraisal Valuation

  • Standard Deviation: 0.1808
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 920,715
  • High Value: 1,087,210
  • Low Value: 754,220

    Market Valuation

  • Market Total Value: $585,000
  • Market Land Value: $246,500
  • Market Improvement Value: $338,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $585,000
  • Assessed Land Value: $246,500
  • Assessed Improvements Value: $338,500

    Sales

  • Current Sale Contract Date: May 08, 2019
  • Current Sale Recording Date: Jun 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019048590
  • Previous Sale Recording Date: Aug 18, 2000
  • Previous Sale Contract Date: Apr 09, 1999
  • Previous Sale Amount: $150,000
  • 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 Allenwood

Stats & Trends

Median Asking:

$1,049,500

Sale Price/ft²

$393

Below Asking

0.01%

Average Days on Market

47

Average Home Size

4050 ft²

Average Home Age

29.3 years

Currently For Sale

3 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: Claudia Gearheart, Ocean Ventures Realty, Inc.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21833368
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 2113 Red Gate Road built and last sold?
The property at 2113 Red Gate Road was built in 1999 and last sold on May 8, 2019 for $620,000.
How much is this home worth?
The estimated value of the home located at 2113 Red Gate Road is $0.
What are some comparable homes to 2113 Red Gate Road?
There are currently no comparable homes to 2113 Red Gate Road.
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