20
Map
280 Schanck Road
About This Property
Public utilities, including water, sewer, gas, and electric, are available at the street, supporting a streamlined development process. Based on the seller's understanding, the property is suitable for a residence of approximately 1,468 square feet as currently configured. Due to the presence of a stream on the property, required flood-related permits will apply. A variance would be required for construction of a larger residence. Prior planning documentation indicates that a home of up to approximately 2,900 square feet was previously contemplated, subject to municipal approvals, environmental regulations, and all applicable permits.
The lot includes delineated wetlands and a scenic stream, offering natural character while requiring additional planning and regulatory review. Buyers are encouraged to perform their own due diligence. Please review the drone video tour for a comprehensive overview of the property and site conditions.
RECOMMENDED NEXT STEPS FOR A BUYER (How to Move Forward)
Retain a qualified engineer and environmental consultant.
Obtain NJDEP Flood Hazard Area Verification and confirm applicable permits.
Confirm wetlands, buffers, and stream constraints.
Finalize a site-specific building envelope.
Determine whether zoning variances are required based on final design.
Proceed with municipal review and permitting.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$99,000
↓ $18K
(15.4%) | |
| Price Decreased | |||
| Jan 13, 2026 | Listed by ARC Real Estate | $117,000 | |
| Listed by ARC Real Estate | |||
| Jan 21, 2025 | Price Decreased |
$117,000
↓ $2K
(1.7%) | |
| Price Decreased | |||
| Nov 13, 2024 | Price Decreased |
$119,000
↓ $10K
(7.8%) | |
| Price Decreased | |||
| Oct 18, 2024 | Listed | $129,000 | |
| Listed | |||
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An excellent opportunity awaits to build your custom home on this wooded lot in Freehold Township. Ideally located near Route 9, the property offers convenient access to shopping, dining, and major highways, making it a great choice for those seeking accessibility and convenience. Public utilities, including water, sewer, gas, and electric, are available at the street, making the development process more streamlined.
The lot is suitable for building a 1,468 sq ft home, though a flood permit is required due to the presence of a stream on the property. For those interested in constructing a larger home, a variance can be obtained, with previous plans available for a 2,900 sq ft residence. The lot features delineated wetlands and a scenic stream, enhancing its natural appeal while requiring some additional site planning and permits.
Located near schools, parks, and local amenities, this lot offers flexible building options in a prime Freehold location. Whether you're planning to build a modest residence or take advantage of the variance for a larger home, this property offers significant potential for a custom build in a highly desirable area. Please be sure to see the video tour with drone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017