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Monmouth 07748
256 Martin Place
$516,000
● House - Off Market

256 Martin Place

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,784 Ft²
$515,922
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Welcome to Crestview! This 3 (possibly 4) bedroom home boasts a spacious, light filled living room as well as a kitchen with full appliance package and plenty of cabinet and counter space and dining area. The master bedroom has access to the main bathroom and includes a sitting area (previously the 4th bedroom) and walk-in cedar closet. Lower level features a large family room with pellet stove and slider to access the sunroom. The sunroom overlooks a fenced, park-like yard with garden areas, wood deck and shed. 1-car attached garage and attic for additional storage. The development has a park, basketball court and playground! Close proximity to Red Hot Red Bank, NJ Transit Train, NYC high speed ferry, schools, transportation, shopping, beaches and all the Jersey shore has to offer!
Unit Size
1,784 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$280
Property Type
House
Property Taxes
$662
HOA Dues
-
Year Built
1961

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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 #22220517)

Price History

Date / Event Date Event Price
Aug 31, 2022 Sold
Premium
Sold
Jul 1, 2022 Listed by Weichert Realtors-Middletown $499,000
Listed by Weichert Realtors-Middletown

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,784
  • Building Area: 1,784
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801000

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: TAX MAP 181
  • Account Number: 7-3-1.5
  • District: 32
  • Parcel: 32 00873-0000-00015
  • Block: 873
  • Lot: 15
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3802
  • Longitude: -74.09

    Address

  • Full Address: 256 Martin Pl
  • Address - House Number: 256
  • Address - Street Name: Martin
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C016
  • 4-Digit Zip Code: 3614
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $897,677

    Appraisal Valuation

  • Standard Deviation: 0.1662
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 587,181
  • High Value: 684,819
  • Low Value: 489,543

    Market Valuation

  • Market Total Value: $516,500
  • Market Land Value: $286,400
  • Market Improvement Value: $230,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,500
  • Assessed Land Value: $286,400
  • Assessed Improvements Value: $230,100

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 91130
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:

$739,900

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1994 ft²

Average Home Age

45.2 years

Currently For Sale

1815 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 122-2g Bodman Place, Red Bank, NJ, 07701

$3,950 /mo

  • 2 Beds
  • 2 Baths
122-2g Bodman Place #2G, Red Bank, NJ, 07701 Listing by Joan S Picone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michael Smith, Weichert Realtors-Middletown
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22220517
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 256 Martin Place built and last sold?
The property at 256 Martin Place was built in 1961 and last sold on Aug 26, 2022 for $516,000.
How much is this home worth?
The estimated value of the home located at 256 Martin Place is $0.
What are some comparable homes to 256 Martin Place?
There are currently no comparable homes to 256 Martin Place.
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