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Lincroft 07738
22 Turnberry Drive
$880,000
● House - Off Market

22 Turnberry Drive

Lincroft, NJ 07738
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$4,859
Est. Monthly
4.90%
Cap Rate

About This Property

Opportunities like this don't come along very often in today's real estate market!!  Let's start with the outstanding location in one of Lincroft's best neighborhoods.  Open floor plan featuring an updated eat in kitchen with granite counters & hardwood floors.  Sliding glass door opens to private patio and POOL! Large primary suite with 2 walk in closets and updated full bath.  First floor laundry, finished basement, 2 car garage & cedar siding.
Unit Size
-
Days on Market
73 days
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$935
HOA Dues
-
Year Built
1969

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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: 2 years ago (MOMLS #22405792)

Price History

Date / Event Date Event Price
May 20, 2024 Sold
Premium
Sold
Mar 2, 2024 Listed by Heritage House Sotheby's International Realty $799,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 520
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 21,716
  • Lot Size Depth Feet: 1,780
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 2,082
  • Building Area: 2,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,082
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000498
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: T/A: EXPIRES 12/10

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801500

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 260
  • District: 32
  • Parcel: 32 01066-0000-00005
  • Block: 1066
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.343
  • Longitude: -74.1225

    Address

  • Full Address: 22 Turnberry Dr
  • Address - House Number: 22
  • Address - Street Name: Turnberry
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Lincroft
  • Carrier Code: C007
  • 4-Digit Zip Code: 1256
  • Zip Code: 07738

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,122,053

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 804,835
  • High Value: 873,683
  • Low Value: 735,987

    Market Valuation

  • Market Total Value: $645,600
  • Market Land Value: $314,500
  • Market Improvement Value: $331,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $645,600
  • Assessed Land Value: $314,500
  • Assessed Improvements Value: $331,100

    Sales

  • Current Sale Contract Date: Apr 22, 2005
  • Current Sale Recording Date: Jun 24, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Lincroft

Stats & Trends

Median Asking:

$999,500

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2380 ft²

Average Home Age

40.3 years

Currently For Sale

19 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

Rentals Near You

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MOMMLS

Listed by: Kelly Zaccaro, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22405792
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 Turnberry Drive built and last sold?
The property at 22 Turnberry Drive was built in 1969 and last sold on Apr 22, 2005 for $545,000.
How much is this home worth?
The estimated value of the home located at 22 Turnberry Drive is $0.
What are some comparable homes to 22 Turnberry Drive?
There are currently no comparable homes to 22 Turnberry Drive.
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