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Freehold 07728
3 Prospect Place
$415,000
● House - Off Market

3 Prospect Place

Freehold, NJ 07728
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,488 Ft²
$3,152
Est. Monthly
7.03%
Cap Rate

About This Property

Discover an enchanting colonial in Freehold Borough's historic, tree-lined neighborhood. This 3-bedroom, 1.5-bath home covers 1,488 sq ft on a 50' x 125' lot, ready to transform from its charming state into something spectacular. Envision breathing new life into its spacious rooms, creating a cozy haven or stylish retreat. A detached garage adds convenience to this property full of potential and personality. The vibrant community offers rich culture, parks, and diverse dining, while major transportation routes make commuting and coastal adventures a breeze. If revitalizing a piece of history excites you, this property is your canvas. Embrace the charm of the past and create your future!
Unit Size
1,488 Ft²
Days on Market
149 days
Land Size
0.14 acres
Price per sqft
$319
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
1940

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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: 13 months ago (MOMLS #22516390)

Price History

Date / Event Date Event Price
Oct 31, 2025 Sold
Premium
Sold
Jun 24, 2025 In contract -
In contract
Jun 4, 2025 Listed by Compass New Jersey, LLC $475,000
Listed by Compass New Jersey, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Freehold Regional School District
  • Census Tract: 810900

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 55
  • District: 16
  • Parcel: 16 00102-0000-00020
  • Block: 102
  • Lot: 20
  • Municipality: FREEHOLD BORO
  • Latitude: 40.2523
  • Longitude: -74.2771

    Address

  • Full Address: 3 Prospect Pl
  • Address - House Number: 3
  • Address - Street Name: Prospect
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Freehold
  • Carrier Code: C005
  • 4-Digit Zip Code: 2019
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $991,252

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 479,967
  • High Value: 574,129
  • Low Value: 385,805

    Market Valuation

  • Market Total Value: $472,700
  • Market Land Value: $280,400
  • Market Improvement Value: $192,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $472,700
  • Assessed Land Value: $280,400
  • Assessed Improvements Value: $192,300

    Sales

  • Current Sale Contract Date: May 19, 2020
  • Current Sale Recording Date: May 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020053257
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 Freehold

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$356

Below Asking

0.01%

Average Days on Market

77

Average Home Size

1395 ft²

Average Home Age

67.2 years

Currently For Sale

20 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 92 Tulip Lane, Freehold, NJ, 07728

$3,500 /mo

  • 2 Beds
  • 2 Baths
92 Tulip Lane, Freehold, NJ, 07728 Listing by Rosemary DiPasquale
Unit for rent at 187 Kentucky Way, Freehold, NJ, 07728

$3,500 /mo

  • 3 Beds
  • 2 Baths
187 Kentucky Way, Freehold, NJ, 07728 Listing by Jason Garrett

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dawn E Kologi, Compass New Jersey, LLC
Last Updated: 13 months ago
Data Source: MOMMLS, MLS# 22516390
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 Prospect Place built and last sold?
The property at 3 Prospect Place was built in 1940 and last sold on May 19, 2020 for $325,000.
How much is this home worth?
The estimated value of the home located at 3 Prospect Place is $481,291.
What are some comparable homes to 3 Prospect Place?
There are currently no comparable homes to 3 Prospect Place.
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