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Monmouth 07718
283 Edgemoor Road
$550,000
● House - Off Market

283 Edgemoor Road

Belford, NJ 07718
bedrooms
3 Beds
bathrooms
1 Bath
$522,059
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

.This is a Coming Soon Listing and cannot be shown until 6/3/2023. ''Home Sweet Home' Not in flood zone. Sellers have lovingly maintained this appealing 3BR ranch home located in a desirable neighborhood!  Expanded kitchen w/granite counters & SS appliances.  Bathroom has new vanity & jetted tub. Laminate floors in LR, DR, hallway. Hardwood under laminate & BR carpets. New attic stairs w/plenty of storage, Ceiling fans in each BR. Electric upgraded to 150amp. Full basement partially finished.  Upscale backyard featuring 18x36 I/G heated pool, Well-manicured 80x125 lot w/oversized driveway & carport. Newer washer/dryer incl. Shed & (2) storage deck box's also incl. as-is. Backs to Bayview Elementary. Convenient to NYC bus, train & ferry
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1957

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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 #22314284)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
May 27, 2023 Listed by Keller Williams Realty Central Monmouth $525,000
Listed by Keller Williams Realty Central Monmouth

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 3
  • Basement Area: 1,176
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800800

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: TAX MAP 56
  • District: 32
  • Parcel: 32 00658-0000-00027
  • Block: 658
  • Lot: 27
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4118
  • Longitude: -74.0842

    Address

  • Full Address: 283 Edgemoor Rd
  • Address - House Number: 283
  • Address - Street Name: Edgemoor
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Belford
  • Carrier Code: C001
  • 4-Digit Zip Code: 1302
  • Zip Code: 07718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $776,365

    Appraisal Valuation

  • Standard Deviation: 0.1982
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 553,479
  • High Value: 663,228
  • Low Value: 443,730

    Market Valuation

  • Market Total Value: $446,700
  • Market Land Value: $274,400
  • Market Improvement Value: $172,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,700
  • Assessed Land Value: $274,400
  • Assessed Improvements Value: $172,300

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 57655
  • Previous Sale Recording Date: Apr 16, 1996
  • Previous Sale Contract Date: Mar 29, 1996
  • Previous Sale Amount: $140,000
  • 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

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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 149 11th Street, Belford, NJ, 07718

$3,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,238 ft²
149 11th Street, Belford, NJ, 07718 Listing by Carly M York
Unit for rent at 16 Browns Lane, Atlantic Highlands, NJ, 07716

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Katherine Dygon, Keller Williams Realty Central Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22314284
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 283 Edgemoor Road built and last sold?
The property at 283 Edgemoor Road was built in 1957 and last sold on Aug 20, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 283 Edgemoor Road is $0.
What are some comparable homes to 283 Edgemoor Road?
There are currently no comparable homes to 283 Edgemoor Road.
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