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Monmouth 07748
317 Florence Road
$318,000
● House - Off Market

317 Florence Road

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,416 Ft²
$641,887
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Wonderful expanded cape within walking distance to Middletown No. HS. Property backs up to green acres. Detached garage has been updated. House converted to H.E. gas heat 1yr. Move right in to Orchard Manor area. Potential galore. Handicapped accessible w/concrete ramp and master w/full bath on main level. Kitchen/Dining area overlooks a yard to impress. Privacy galore, set back in the trees. Minutes to train,ferry,bus,schools. Bring your buyer looking for something special. 1yr. HOW incl.
Unit Size
1,416 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$233
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1949

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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 #21316629)

Price History

Date / Event Date Event Price
Aug 23, 2013 Sold
Premium
Sold
May 10, 2013 Listed by Gloria Nilson & Co. Real Estate $329,900
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,328
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000306
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: ROSE MARIE LIFE EST

Neighborhood

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

Zoning

  • Zoning: 1

Geography

  • Assessors Map Reference: TAX MAP 105
  • Account Number: May 02, 2008
  • District: 32
  • Parcel: 32 00638-0000-00235
  • Block: 638
  • Lot: 235
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3986
  • Longitude: -74.094

    Address

  • Full Address: 317 Florence Rd
  • Address - House Number: 317
  • Address - Street Name: Florence
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C002
  • 4-Digit Zip Code: 2809
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $726,832

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 571,500
  • High Value: 682,567
  • Low Value: 460,433

    Market Valuation

  • Market Total Value: $418,200
  • Market Land Value: $275,700
  • Market Improvement Value: $142,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,200
  • Assessed Land Value: $275,700
  • Assessed Improvements Value: $142,500

    Sales

  • Current Sale Contract Date: Aug 21, 2013
  • Current Sale Recording Date: Sep 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013100370
  • Previous Sale Recording Date: Jun 28, 2010
  • Previous Sale Contract Date: Feb 23, 2010
  • Previous Sale Amount: $72,500
  • 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:

$725,000

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1946 ft²

Average Home Age

45.2 years

Currently For Sale

2949 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

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff
Unit for rent at 4 Wood Avenue, Port Monmouth, NJ, 07758

$4,600 /mo

  • 4 Beds
  • 3 Baths
  • 1,820 ft²
4 Wood Avenue, Port Monmouth, NJ, 07758 Listing by Jennifer Bernabeo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Mary Ann Peragallo, Gloria Nilson & Co. Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21316629
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 317 Florence Road built and last sold?
The property at 317 Florence Road was built in 1949 and last sold on Aug 21, 2013 for $318,000.
How much is this home worth?
The estimated value of the home located at 317 Florence Road is $345,190.
What are some comparable homes to 317 Florence Road?
There are currently no comparable homes to 317 Florence Road.
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