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Keyport 07735
24 Walnut Street
$548,500
● House - Off Market

24 Walnut Street

Keyport, NJ 07735
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,704 Ft²
$3,382
Est. Monthly
7.25%
Cap Rate

About This Property

An Amazing Opportunity to live just 1 block from the Bay - NO FLOOD INSURANCE NEEDED! $15,000 Seller Incentive toward rate buy down. This unique 1920's custom home features a beautiful open front porch and a 25x30 New fiberglass rooftop deck. An incredible place to enjoy views and private outdoor space. Set up a telescope and star gaze, or a greenhouse and grow your own vegetables, or simply put some comfortable patio furniture up there and relax. Lots of space inside too...4 Bedrooms - 1 on the first floor if you need a home office of space for extended family. The full partially finished basement has a full Bathroom, access to the backyard and separate workshop area. Central A/C. Keyport was recently voted best NJ small town Main St for shopping*. Enjoy the amazing Restaurants as well.
Unit Size
1,704 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$322
Property Type
House
Property Taxes
$688
HOA Dues
-
Year Built
1920

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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: 3 years ago (MOMLS #22329160)

Price History

Date / Event Date Event Price
Jan 9, 2024 Sold
Premium
Sold
Oct 18, 2023 Listed by Driftwood Real Estate Group $548,500
Listed by Driftwood Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 16
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,891
  • Lot Size Depth Feet: 730
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Keyport Borough School District
  • Census Tract: 801900

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: TAX MAP 12
  • District: 24
  • Parcel: 24 00136-0000-00018
  • Block: 136
  • Lot: 18
  • Municipality: KEYPORT BORO
  • Latitude: 40.4408
  • Longitude: -74.1908

    Address

  • Full Address: 24 Walnut St
  • Address - House Number: 24
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Keyport
  • Carrier Code: C019
  • 4-Digit Zip Code: 1726
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $871,947

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 510,930
  • High Value: 608,063
  • Low Value: 413,797

    Market Valuation

  • Market Total Value: $396,700
  • Market Land Value: $141,800
  • Market Improvement Value: $254,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,700
  • Assessed Land Value: $141,800
  • Assessed Improvements Value: $254,900

    Sales

  • Current Sale Contract Date: Dec 27, 2023
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2539
  • Previous Sale Recording Date: Feb 14, 2017
  • Previous Sale Contract Date: Oct 26, 2016
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 64
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 Keyport

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$356

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1382 ft²

Average Home Age

66.5 years

Currently For Sale

59 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 19 Gregory Street, Hazlet, NJ, 07730

$4,250 /mo

  • 4 Beds
  • 2 Baths
19 Gregory Street, Hazlet, NJ, 07730 Listing by DEBORAH F. RATCLIFF
Unit for rent at 9 Raritan Cv, Keyport Boro, 07735

$4,250 /mo

  • 3 Beds
  • 3 Baths
  • 2,349 ft²
9 Raritan Cv, Keyport Boro, 07735 Listing by ISAIAH SPRINGER

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Susan Montanti, Driftwood Real Estate Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22329160
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 Walnut built and last sold?
The property at 24 Walnut was built in 1920 and last sold on Dec 27, 2023 for $548,500.
How much is this home worth?
The estimated value of the home located at 24 Walnut is $0.
What are some comparable homes to 24 Walnut?
There are currently no comparable homes to 24 Walnut.
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