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Monmouth 07701
304 Rutledge Drive
$533,000
● House - Off Market

304 Rutledge Drive

Red Bank, NJ 07701
bedrooms
2 Beds
bathrooms
1 Bath
$505,583
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

This is a coming soon listing and cannot be shown until June 30.  Professional photos coming. Great opportunity to own this cozy Ranch in the heart of the  Applebrook section of Middletown. Beautiful HW floors in living room, dining room, kitchen and family room.  Living Room has a  fireplace with a stove insert; newer kitchen with granite countertop, tumbled marble backsplash open to the dining room. The dining room has french doors that opens to family room which has crown molding and overlooks beautiful private property. There is an oversized paver patio with fire pit. Convenient location; close to shopping, train and GSP. Check with Board of Education to verify schools.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$682
HOA Dues
-
Year Built
1953

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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 #22220019)

Price History

Date / Event Date Event Price
Aug 26, 2022 Sold
Premium
Sold
Jun 27, 2022 Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank $489,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,400
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,354
  • Building Area: 1,354
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,354
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801000

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 178
  • Account Number: 00052
  • District: 32
  • Parcel: 32 00868-0000-00091
  • Block: 868
  • Lot: 91
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3802
  • Longitude: -74.1019

    Address

  • Full Address: 304 Rutledge Dr
  • Address - House Number: 304
  • Address - Street Name: Rutledge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Red Bank
  • Carrier Code: C042
  • 4-Digit Zip Code: 5025
  • Zip Code: 07701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $894,027

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 605,713
  • High Value: 719,255
  • Low Value: 492,171

    Market Valuation

  • Market Total Value: $514,400
  • Market Land Value: $335,500
  • Market Improvement Value: $178,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $514,400
  • Assessed Land Value: $335,500
  • Assessed Improvements Value: $178,900

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Sep 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 95298
  • Previous Sale Recording Date: May 15, 2009
  • Previous Sale Contract Date: May 12, 2009
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 12
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:

$739,999

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2005 ft²

Average Home Age

45.6 years

Currently For Sale

1838 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 121 Lexington Court, Red Bank, NJ, 07701

$2,800 /mo

  • 1 Bed
  • 1 Bath
  • 999 ft²
121 Lexington Court, Red Bank, NJ, 07701 Listing by Chris Katz

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Fern Pagano, Berkshire Hathaway HomeServices Fox & Roach - Red Bank
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22220019
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 304 Rutledge Drive built and last sold?
The property at 304 Rutledge Drive was built in 1953 and last sold on Aug 23, 2022 for $533,000.
How much is this home worth?
The estimated value of the home located at 304 Rutledge Drive is $0.
What are some comparable homes to 304 Rutledge Drive?
There are currently no comparable homes to 304 Rutledge Drive.
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