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Monmouth 07728
28 Esther Drive
$1,050,000
● House - Off Market

28 Esther Drive

Freehold Twp, NJ 07728
bedrooms
5 Beds
bathrooms
3 Baths
$7,124
Est. Monthly
4.87%
Cap Rate

About This Property

Welcome to 28 Esther Drive, Freehold! This stunning center hall colonial home is located on a serene cul-de-sac. It features 5 bedrooms, 3 bathrooms, and 3200 square feet of living space. The grand colonial boasts 9' ceilings, a gourmet kitchen with granite countertops, LG black stainless steel appliances, one bedroom, and a full bath on the first floor, and four bedrooms on the second level. The master bedroom includes a walk-in closet and a fully updated master bath. This home has been meticulously maintained with love and care. The full basement with 13 ft ceilings is waiting for the new owner to finish as they desire. The large deck along the back of the house overlooks open space, making it a must-see property.
Unit Size
-
Days on Market
62 days
Land Size
0.85 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,236
HOA Dues
-
Year Built
1996

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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 (CJMLS #2354353M)

Price History

Date / Event Date Event Price
Jul 2, 2024 Sold
Premium
Sold
May 29, 2024 In contract -
In contract
May 1, 2024 Listed by PRESTIGE HOMES & LAND RLTY $1,199,000
Listed by PRESTIGE HOMES & LAND RLTY

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,846
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,200
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,860
  • Total Building Area: 3,198
  • Building Area: 3,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000854
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Freehold Township School District
  • Census Tract: 810401

Zoning

  • Zoning: R120

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 348010
  • District: 17
  • Parcel: 17 00008-0000-00007
  • Block: 8
  • Lot: 7
  • Municipality: FREEHOLD TWP
  • Latitude: 40.2808
  • Longitude: -74.2761

    Address

  • Full Address: 28 Esther Dr
  • Address - House Number: 28
  • Address - Street Name: Esther
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Freehold
  • Carrier Code: R001
  • 4-Digit Zip Code: 5405
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,483,629

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 949,040
  • High Value: 1,117,531
  • Low Value: 780,548

    Market Valuation

  • Market Total Value: $799,800
  • Market Land Value: $315,900
  • Market Improvement Value: $483,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $799,800
  • Assessed Land Value: $315,900
  • Assessed Improvements Value: $483,900

    Sales

  • Current Sale Contract Date: Aug 15, 1997
  • Current Sale Recording Date: Aug 27, 1997
  • 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 Monmouth

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$384

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1937 ft²

Average Home Age

45.5 years

Currently For Sale

1881 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 903 Navigator Avenue, Marlboro, NJ, 07746

$6,000 /mo

  • 3 Beds
  • 4 Baths
  • 2,796 ft²
903 Navigator Avenue, Marlboro, NJ, 07746 Listing by Nelson Cunha
Unit for rent at 31 Sheffield Drive, Freehold, NJ, 07728

$5,800 /mo

  • 4 Beds
  • 3 Baths
  • 3,348 ft²
31 Sheffield Drive, Freehold, NJ, 07728 Listing by Alexandra Appolonia

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: JOHN SACKTIG
PRESTIGE HOMES & LAND RLTY
Last Updated: 3 years ago
Data Source: CJMLS , MLS# 2354353M

Frequently Asked Questions

When was property at 28 Esther Drive built and last sold?
The property at 28 Esther Drive was built in 1996 and last sold on Aug 15, 1997 for $285,170.
How much is this home worth?
The estimated value of the home located at 28 Esther Drive is $0.
What are some comparable homes to 28 Esther Drive?
There are currently no comparable homes to 28 Esther Drive.
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