For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Monmouth 07748
22 Locust Terrace
$438,000
● House - Off Market

22 Locust Terrace

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
$613,965
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Stunning New Monmouth Split-level.  Features newly remodeled Kitchen with beautiful cabinetry, expansive granite counters & tiled backsplash.  Entertaining is easy in the formal

Dining room addition with vaulted ceiling, bay window & sliders to the new Trex deck for warm weather enjoyment. Expanded Living room with

hardwood floors and bay window.  Newer roof, siding & windows.  Lower level with newer full bath.  2 car attached garage with direct entry.  Above ground pool and a partially fenced large corner lot.   Please confirm school info with the Bd of Ed.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1957

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MOMLS #22006155)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
Feb 14, 2020 Listed by Heritage House Sotheby's International Realty $437,900
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 840
  • Total Building Area: 2,126
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800701

Zoning

  • Zoning: R-22

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: Mar 01, 2007
  • District: 32
  • Parcel: 32 00544-0000-00012
  • Block: 544
  • Lot: 12
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4218
  • Longitude: -74.1103

    Address

  • Full Address: 22 Locust Ter
  • Address - House Number: 22
  • Address - Street Name: Locust
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1448
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $961,288

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 638,862
  • High Value: 786,773
  • Low Value: 490,950

    Market Valuation

  • Market Total Value: $553,100
  • Market Land Value: $321,800
  • Market Improvement Value: $231,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $553,100
  • Assessed Land Value: $321,800
  • Assessed Improvements Value: $231,300

    Sales

  • Current Sale Contract Date: May 14, 2020
  • Current Sale Recording Date: Jul 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020075862
  • Previous Sale Recording Date: Sep 01, 2000
  • Previous Sale Contract Date: Aug 30, 2000
  • Previous Sale Amount: $210,000
  • 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 156 Main Street, Port Monmouth, NJ, 07758

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dorothy Carney Donlin, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22006155
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 Locust Terrace built and last sold?
The property at 22 Locust Terrace was built in 1957 and last sold on May 14, 2020 for $438,000.
How much is this home worth?
The estimated value of the home located at 22 Locust Terrace is $442,279.
What are some comparable homes to 22 Locust Terrace?
There are currently no comparable homes to 22 Locust Terrace.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Monmouth Homes for Sale
Monmouth Houses for Sale
Monmouth Condos for Sale
Monmouth Co-Ops for Sale
Monmouth Townhouses for Sale
Monmouth Multifamily for Sale
Monmouth Land for Sale
Monmouth Commercial for Sale
Nearby Cities
New York Homes for Sale
Philadelphia Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Ocean Acres Homes for Sale
Trenton Homes for Sale
Nearby Property Records
Monmouth County, NJ Property Records
Middlesex County, NJ Property Records
Ocean County, NJ Property Records
Mercer County, NJ Property Records
Union County, NJ Property Records
Somerset County, NJ Property Records
New York, NY Property Records
Hudson County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Forest Hills Real Estate
Midtown Real Estate
Nearby Counties
Ocean Homes for Sale
Manhattan Homes for Sale
Philadelphia Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Camden Homes for Sale
Burlington Homes for Sale
Top Real Estate Agents
Top Agents in Monmouth
Top Agents in New York
Top Agents in Ocean
Top Agents in Manhattan
Top Agents in Philadelphia
Top Agents in Philadelphia
Top Agents in Queens
Top Agents in Brooklyn