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Monmouth 07726
24 Herbert Drive
$435,000
● House - Off Market

24 Herbert Drive

Manalapan, NJ 07726
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,006 Ft²
$2,696
Est. Monthly
9.38%
Cap Rate

About This Property

Do not miss out on this is a 4-bed 2-bath house that just needs some TLC to make your dream home!  This converted ranch sits on just over 4 acres of property. The 2-car garage provides plenty of space for cars and storage. Great home for a contractor to make their own or a small business that needs space. It is close to all the conveniences that Main St in Englishtown has to offer and just a short drive to Manalapan Recreation center. The lot has plenty of room to add an entertaining space for your family and ample privacy with beautiful nature views of Matchaponix brook. Schedule an appointment to see all the potential this property has to offer!
Unit Size
2,006 Ft²
Days on Market
-
Land Size
4.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1952

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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 #22322284)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Aug 9, 2023 Listed by Compass New Jersey LLC $449,000
Listed by Compass New Jersey LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 676
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 180,400
  • Lot Size Depth Feet: 4,400
  • Lot Size Frontage Feet: 4,100
  • Total Building Area: 2,006
  • Building Area: 2,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,006
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004141
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 26.04

Neighborhood

  • School District Name: Manalapan-Englishtown Regional School District
  • Census Tract: 810001

Zoning

  • Zoning: R4020

Geography

  • Assessors Map Reference: TAX MAP 17
  • District: 28
  • Parcel: 28 00047-0000-00028
  • Block: 47
  • Lot: 28
  • Municipality: MANALAPAN TWP
  • Latitude: 40.3083
  • Longitude: -74.3632

    Address

  • Full Address: 24 Herbert Dr
  • Address - House Number: 24
  • Address - Street Name: Herbert
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manalapan
  • Carrier Code: C022
  • 4-Digit Zip Code: 3803
  • Zip Code: 07726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $583,713

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 450,649
  • High Value: 489,199
  • Low Value: 412,099

    Market Valuation

  • Market Total Value: $351,000
  • Market Land Value: $181,900
  • Market Improvement Value: $169,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,000
  • Assessed Land Value: $181,900
  • Assessed Improvements Value: $169,100
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:

$724,950

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1962 ft²

Average Home Age

45.3 years

Currently For Sale

2845 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 12 Sanford Street, Manalapan, NJ, 07726

$3,950 /mo

  • 3 Beds
  • 2 Baths
12 Sanford Street, Manalapan, NJ, 07726 Listing by Aleksandr Pritsker

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Anthony DiSanzo, Compass New Jersey LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22322284
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 24 Herbert Drive built and last sold?
The property at 24 Herbert Drive was built in 1952 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 24 Herbert Drive is $0.
What are some comparable homes to 24 Herbert Drive?
There are currently no comparable homes to 24 Herbert Drive.
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