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Tinton Falls 07724
22 Rutgers Drive
$700,000
● House - Off Market

22 Rutgers Drive

Tinton Falls, NJ 07724
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$675,659
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Immaculate 3/4 bdr bilevel style home nestled on a private treed lot in a quiet neighborhood. Longtime owner has taken great pride in maintaining this pretty house. 2nd floor features a sun-filled LR w/vaulted ceiling,formal DR,large bright EIK, primary BD w/2 closets & ensuite BA, 2nd BDR was once 2 bdrs & easily converted back. Lower level boasts a cozy FR w/gas FP,large bdr,office, art studio or playroom,another full bath & laundry area. Ideal mother daughter set up.The backyard provides yet another relaxing space w/spacious patio perfect for outdoor gatherings.Newer newer furnace & CAC,W/D,DW & garage drs & Openers.Original windows were replaced w/Andersons,Convenient location-close to PKWY,RT 18,shopping beach,Red Bank & Asbury Park nightlife. Make this one your own!! Dont miss out!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$340
Property Type
House
Property Taxes
$716
HOA Dues
-
Year Built
1992

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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 #22322096)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 10, 2023 Listed by The Connolly Agency $679,900
Listed by The Connolly Agency

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • 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: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Monmouth Regional School District
  • Census Tract: 804600

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 35
  • District: 49
  • Parcel: 49 00089- 02-00001
  • Block: 89.02
  • Lot: 1
  • Municipality: TINTON FALLS BORO
  • Latitude: 40.2936
  • Longitude: -74.0977

    Address

  • Full Address: 22 Rutgers Dr
  • Address - House Number: 22
  • Address - Street Name: Rutgers
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Tinton Falls
  • Carrier Code: R001
  • 4-Digit Zip Code: 9723
  • Zip Code: 07724

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $844,488

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 712,081
  • High Value: 830,528
  • Low Value: 593,635

    Market Valuation

  • Market Total Value: $553,400
  • Market Land Value: $269,600
  • Market Improvement Value: $283,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $553,400
  • Assessed Land Value: $269,600
  • Assessed Improvements Value: $283,800

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 68749
  • Previous Sale Recording Date: Jul 26, 1993
  • Previous Sale Contract Date: Jul 26, 1993
  • Previous Sale Amount: $188,000
  • 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 Tinton Falls

Stats & Trends

Median Asking:

$529,999

Sale Price/ft²

$361

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1918 ft²

Average Home Age

31.2 years

Currently For Sale

35 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 99 Oak Lane, Eatontown, NJ, 07724

$3,975 /mo

  • 2 Beds
  • 2 Baths
99 Oak Lane, Eatontown, NJ, 07724 Listing by Mark Tenenbaum
Unit for rent at 62 Secretariat Court, Tinton Falls, NJ, 07724

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,640 ft²
62 Secretariat Court, Tinton Falls, NJ, 07724 Listing by Christopher Daly

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joseph Baumann, The Connolly Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22322096
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 Rutgers Drive built and last sold?
The property at 22 Rutgers Drive was built in 1992 and last sold on Sep 29, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 22 Rutgers Drive is $687,899.
What are some comparable homes to 22 Rutgers Drive?
There are currently no comparable homes to 22 Rutgers Drive.
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