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Monmouth 07748
22 Cherry Tree Lane
$510,000
● House - Off Market

22 Cherry Tree Lane

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$511,440
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

OPEN HOUSE CANCELED 6/12 Updated ranch in the desirable village section of Middletown. This home features 3 bedrooms 1.5 baths. Gorgeous updated kitchen with new appliances, Breakfast bar new flooring. Spacious living room dining room combo with fireplace, new flooring. This home has been freshly painted. 1 Car garage and large fenced in backyard. Excellent Middletown Schools. Easy access to Train, Bus. Don't miss this one !!!
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1954

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 #22215922)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 25, 2022 Listed by VRI Homes $499,900
Listed by VRI Homes

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,428
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 790
  • Total Building Area: 1,414
  • Building Area: 1,414
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,414
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECTION 4 BROOKVIEW PARK
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801100

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 100
  • District: 32
  • Parcel: 32 00605-0000-00048
  • Block: 605
  • Lot: 48
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4011
  • Longitude: -74.128

    Address

  • Full Address: 22 Cherry Tree Ln
  • Address - House Number: 22
  • Address - Street Name: Cherry Tree
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C011
  • 4-Digit Zip Code: 1844
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $882,209

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 569,242
  • High Value: 681,967
  • Low Value: 456,517

    Market Valuation

  • Market Total Value: $507,600
  • Market Land Value: $324,800
  • Market Improvement Value: $182,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $507,600
  • Assessed Land Value: $324,800
  • Assessed Improvements Value: $182,800

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 74527
  • Previous Sale Recording Date: Mar 10, 1994
  • Previous Sale Contract Date: Feb 16, 1994
  • Previous Sale Amount: $153,000
  • 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

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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 83 Agostina Drive, Holmdel, NJ, 07733

$3,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,288 ft²
83 Agostina Drive, Holmdel, NJ, 07733 Listing by Thomas J Connors
Unit for rent at 11 Lexington Court, Holmdel, NJ, 07733

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,411 ft²
11 Lexington Court, Holmdel, NJ, 07733 Listing by Yingen Tang

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Elizabeth Buccigrossi, VRI Homes
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22215922
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 22 Cherry Tree Lane built and last sold?
The property at 22 Cherry Tree Lane was built in 1954 and last sold on Jul 15, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 22 Cherry Tree Lane is $0.
What are some comparable homes to 22 Cherry Tree Lane?
There are currently no comparable homes to 22 Cherry Tree Lane.
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