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Monmouth 07719
2811 Colonial Drive
$1,900,000
● House - Off Market

2811 Colonial Drive

Wall, NJ 07719
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,443 Ft²
$10,604
Est. Monthly
2.62%
Cap Rate

About This Property

Nestled between the allure of the beach and the rustic charm of a nearby horse farm, this brick front colonial residence is a true sanctuary. Comprising five bedrooms and three and one half baths, each room is a canvas of comfort and style. The rhythmic sound of nearby beaches and the distant neighing of horses create a symphony of tranquility, making this home a haven for nature enthusiasts. As you step onto the expansive deck, envision mornings sipping coffee with a panoramic view of both the inground pool and grazing horses. With the perfect blend of coastal living and equestrian charm, this property promises a lifestyle where every sunrise is greeted with a sense of serenity and connection to nature.
Unit Size
4,443 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$405
Property Type
House
Property Taxes
$1,770
HOA Dues
-
Year Built
1997

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22402094)

Price History

Date / Event Date Event Price
Apr 2, 2024 Sold
Premium
Sold
Jan 22, 2024 Listed by Ward Wight Sotheby's International Realty $1,799,000
Listed by Ward Wight Sotheby's International Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,414
  • Garage Type: 10
  • Garage Square Area: 748
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 60,945
  • Lot Size Depth Feet: 2,550
  • Lot Size Frontage Feet: 2,390
  • Total Building Area: 4,443
  • Building Area: 4,443
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,443
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001399
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Wall Township School District
  • Census Tract: 808701

Zoning

  • Zoning: R-60

Geography

  • Assessors Map Reference: TAX MAP 76
  • District: 52
  • Parcel: 52 00804-0000-00027
  • Block: 804
  • Lot: 27
  • Municipality: WALL TWP
  • Latitude: 40.1554
  • Longitude: -74.0791

    Address

  • Full Address: 2811 Colonial Dr
  • Address - House Number: 2811
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Wall Township
  • Carrier Code: R004
  • 4-Digit Zip Code: 9565
  • Zip Code: 07719

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,123,836

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 1,832,180
  • High Value: 1,988,910
  • Low Value: 1,675,450

    Market Valuation

  • Market Total Value: $1,027,000
  • Market Land Value: $391,700
  • Market Improvement Value: $635,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,027,000
  • Assessed Land Value: $391,700
  • Assessed Improvements Value: $635,300

    Sales

  • Current Sale Contract Date: Dec 30, 2009
  • Current Sale Recording Date: Jan 04, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2010000321
  • Previous Sale Recording Date: May 29, 1997
  • Previous Sale Amount: $435,000
  • Previous 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:

$739,900

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1993 ft²

Average Home Age

45.2 years

Currently For Sale

1811 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 4023 Heron Drive, Wall, NJ, 07727

$5,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,364 ft²
4023 Heron Drive, Wall, NJ, 07727 Listing by Melanie C Siliato

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Tina Cavazzoni, Ward Wight Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22402094
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 2811 Colonial Drive built and last sold?
The property at 2811 Colonial Drive was built in 1997 and last sold on Dec 30, 2009 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 2811 Colonial Drive is $0.
What are some comparable homes to 2811 Colonial Drive?
There are currently no comparable homes to 2811 Colonial Drive.
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