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Monmouth 07753 Neptune
23 Toomin Drive
$610,000
● House - Off Market

23 Toomin Drive

Neptune Township, NJ 07753
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,524 Ft²
$3,673
Est. Monthly
7.21%
Cap Rate

About This Property

Beautifully renovated ranch on a great street close to everything. Features 3 bedrooms 1 and 1/2 baths, direct entry garage, open concept, hardwood floors and laminate flooring throughout, family room with fireplace, with sliders overlooking huge yard, move-in ready!! This is the one you have been waiting for...
Unit Size
1,524 Ft²
Days on Market
54 days
Land Size
0.30 acres
Price per sqft
$406
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1966

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: 2 years ago (MOMLS #22507244)

Price History

Date / Event Date Event Price
May 7, 2025 Sold
Premium
Sold
Mar 25, 2025 In contract -
In contract
Mar 18, 2025 Price Decreased $619,000
↓ $10K (1.6%)
Price Decreased
Mar 14, 2025 Listed by Mike Koen Realty $629,000
Listed by Mike Koen Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,038
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 1,524
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000299
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Neptune Township School District
  • Census Tract: 807900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 49.1
  • Account Number: 00109968
  • District: 35
  • Parcel: 35 03201-0000-00066
  • Block: 3201
  • Lot: 66
  • Municipality: NEPTUNE TWP
  • Latitude: 40.2145
  • Longitude: -74.0829

    Address

  • Full Address: 23 Toomin Dr
  • Address - House Number: 23
  • Address - Street Name: Toomin
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Neptune
  • Carrier Code: C019
  • 4-Digit Zip Code: 3004
  • Zip Code: 07753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $776,038

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 509,026
  • High Value: 599,398
  • Low Value: 418,654

    Market Valuation

  • Market Total Value: $429,700
  • Market Land Value: $256,400
  • Market Improvement Value: $173,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $429,700
  • Assessed Land Value: $256,400
  • Assessed Improvements Value: $173,300

    Sales

  • Current Sale Contract Date: Dec 27, 1995
  • Current Sale Recording Date: Jan 04, 1996
  • Current Sale Price:
    Premium
  • Current 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 Neptune

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1616 ft²

Average Home Age

70.5 years

Currently For Sale

76 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 4059 Heron Drive, Wall, NJ, 07727

$4,700 /mo

  • 3 Beds
  • 3 Baths
  • 2,346 ft²
4059 Heron Drive, Wall, NJ, 07727 Listing by Melanie C Siliato

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Leonidas Karras, Mike Koen Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22507244
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 23 Toomin Drive built and last sold?
The property at 23 Toomin Drive was built in 1966 and last sold on Dec 27, 1995 for $129,900.
How much is this home worth?
The estimated value of the home located at 23 Toomin Drive is $0.
What are some comparable homes to 23 Toomin Drive?
There are currently no comparable homes to 23 Toomin Drive.
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