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Monmouth 07748
284 Pelican Road
$930,000
● House - Off Market

284 Pelican Road

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
$912,233
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

In the heart of desirable Oak Hill section of Middletown you'll find this modern ranch home,with 3 bedrooms & guest room in the basement,which also has a full bath & walkout from the basement.There are 3.5 baths,all of which have quartz countertops & slate,marble,and tile flooring. The quartz countertops can also be found in the completely updated kitchen, alongside a marble backsplash & brand new appliances. In addition to the in-law suite,the basement (which also boasts French drains) currently has an office and gym,with a partition wall that can be removed to expand the bedroom. Surrounding this perfect family home is a fully fenced-in backyard, new pavers, and custom retaining wall-Book your appt today!
Unit Size
-
Days on Market
-
Land Size
0.60 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,102
HOA Dues
-
Year Built
1972

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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 #22202762)

Price History

Date / Event Date Event Price
Apr 8, 2022 Sold
Premium
Sold
Feb 1, 2022 Listed by Keller Williams Realty East Monmouth $899,900
Listed by Keller Williams Realty East Monmouth

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 2,120
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,075
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,490
  • Total Building Area: 2,162
  • Building Area: 2,162
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,162
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000598
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801200

Zoning

  • Zoning: R-30

Geography

  • Assessors Map Reference: TAX MAP 218
  • District: 32
  • Parcel: 32 00893-0000-00023
  • Block: 893
  • Lot: 23
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3666
  • Longitude: -74.1345

    Address

  • Full Address: 284 Pelican Rd
  • Address - House Number: 284
  • Address - Street Name: Pelican
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C014
  • 4-Digit Zip Code: 3040
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,565,938

    Appraisal Valuation

  • Standard Deviation: 0.1664
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,063,659
  • High Value: 1,240,656
  • Low Value: 886,662

    Market Valuation

  • Market Total Value: $901,000
  • Market Land Value: $393,200
  • Market Improvement Value: $507,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $901,000
  • Assessed Land Value: $393,200
  • Assessed Improvements Value: $507,800

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 41567
  • Previous Sale Recording Date: May 12, 2021
  • Previous Sale Contract Date: Apr 28, 2021
  • Previous Sale Amount: $720,000
  • 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:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2020 ft²

Average Home Age

45.6 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 25 Medford Court, Red Bank, NJ, 07701

$3,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,250 ft²
25 Medford Court #B, Red Bank, NJ, 07701 Listing by Diane M McCarty

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Marianne Rullo, Keller Williams Realty East Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22202762
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 284 Pelican Road built and last sold?
The property at 284 Pelican Road was built in 1972 and last sold on Apr 8, 2022 for $930,000.
How much is this home worth?
The estimated value of the home located at 284 Pelican Road is $0.
What are some comparable homes to 284 Pelican Road?
There are currently no comparable homes to 284 Pelican Road.
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