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Monmouth 07748
3 Locust Terrace
$545,000
● House - Off Market

3 Locust Terrace

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
$596,605
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

''It feels so good to be home!''  You can see it,feel it, sense it - ''HOME'' - from the moment you enter.  This welcoming New Monmouth split features a prime location & condition.  Great curb appeal enhanced with newer paver walkway.  The lower level with family room & full bath is perfect for In-law accomodations.

Enjoy the expansive deck complete with a hot tub overlooking the fenced rear yard - perfect for the kids & or pets.  Present owner has lovingly maintained & updated inside & out.  Harwood floors under carpeting on 2nd & 3rd levels.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$616
HOA Dues
-
Year Built
1957

Payment Calculator

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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: 2 years ago (MOMLS #22111675)

Price History

Date / Event Date Event Price
Jun 7, 2021 Sold
Premium
Sold
Apr 19, 2021 Listed by Heritage House Sotheby's International Realty $509,900
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,769
  • Building Area: 1,769
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,769
  • 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: 800701

Zoning

  • Zoning: R-22

Geography

  • Assessors Map Reference: TAX MAP 36
  • Account Number: Apr 01, 2008
  • District: 32
  • Parcel: 32 00542-0000-00013
  • Block: 542
  • Lot: 13
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.421
  • Longitude: -74.1072

    Address

  • Full Address: 3 Locust Ter
  • Address - House Number: 3
  • Address - Street Name: Locust
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1453
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $869,869

    Appraisal Valuation

  • Standard Deviation: 0.1879
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 614,112
  • High Value: 729,506
  • Low Value: 498,718

    Market Valuation

  • Market Total Value: $500,500
  • Market Land Value: $317,000
  • Market Improvement Value: $183,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,500
  • Assessed Land Value: $317,000
  • Assessed Improvements Value: $183,500

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jul 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021109337
  • Previous Sale Recording Date: Jun 20, 1995
  • Previous Sale Contract Date: Jun 15, 1995
  • Previous Sale Amount: $137,200
  • 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 156 Main Street, Port Monmouth, NJ, 07758

$3,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dorothy Carney Donlin, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22111675
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 3 Locust Terrace built and last sold?
The property at 3 Locust Terrace was built in 1957 and last sold on Jun 2, 2021 for $545,000.
How much is this home worth?
The estimated value of the home located at 3 Locust Terrace is $0.
What are some comparable homes to 3 Locust Terrace?
There are currently no comparable homes to 3 Locust Terrace.
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