$1,369,000
●
House -
In Contract
218 Michael Drive
Red Bank, NJ 07701
5 Beds
3 Baths,
1
Half Bath
2,566 Ft²
$8,102
Est. Monthly
About This Property
Welcome to this beautifully appointed home in the sought-after
Woodlake Heights section of Middletown.From the moment you arrive,
the charming front porch sets the tone for the warmth and elegance
found throughout.Step inside to a bright, open foyer leading to
spacious living areas filled with natural light.The updated
kitchen, features Stone countertops,stainless steel appliances,
seamlessly flowing into the eat-in area & adjacent living spaces
-perfect for everyday living and effortless entertaining.This home
also boasts several energy-efficient upgrades, including solar
panels, a whole-house generator, EV car charger-providing both
sustainability & peace of mind.Outside,the backyard offers a true
resort-style retreat complete with an in-ground pool, expansive
deck, dedicated pool house.
Unit Size
2,566 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$534
Property Type
House
Property Taxes
$1,379
HOA Dues
-
Year Built
1978
Listed By
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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: 7 months ago (MOMLS #22608399)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by Keller Williams Realty Spring Lake | $1,369,000 | |
| Listed by Keller Williams Realty Spring Lake | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Direct Access, Electric Vehicle Charging Station(s), Driveway, Double Wide Drive
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Built-in Features, Wet Bar, Recessed Lighting, Exercise Room, Attic, Center Hall, Dec Molding
Flooring Type: Carpet, Ceramic Tile, Wood, Other
Door Features: Storm Door(s), French Doors, Sliding Doors
Rooms: 12
Has Fireplace
Fireplaces: 1
Basement: Finished, Full, Heated
Exterior Details
Square Footage: 2566
Architectural Style: Colonial
Year Built: 1978
Building Area Total: 2566
Other Structures: Outbuilding
Patio and Porch Features: Deck, Porch - Open
Lot Features: Fenced Area, Treed Lots
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Lot Size Square Feet: 16552.8
Lot Size Dimensions: 110 x 150
Water Source: Public
Financial Details
Tax Assessed Value: $1,025,600
Tax Annual Amount: $16,553
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Monmouth
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Listed by: Patricia Brady, Keller Williams Realty Spring Lake
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 22608399
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.
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 22608399
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