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Monmouth 07726
32 Brookview Lane
$510,000
● House - Off Market

32 Brookview Lane

Manalapan, NJ 07726
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,564 Ft²
$3,206
Est. Monthly
6.11%
Cap Rate

About This Property

This beautifully updated 3-bedroom, 2-bath home is nestled in the desirable neighborhood of Forest Hills. Ideally located in a cul-de-sac, this residence boasts exceptional curb appeal. Step inside to discover an inviting open floor plan that connects the living, dining, and kitchen areas. The atrium ceilings and abundant natural light create a bright and airy ambiance, perfect for modern living and entertaining. The living room is spacious and has in-ceiling speakers for entertaining. Further down the hall you're greeted by two generous size bedrooms. The primary room has an ensuite and private walkout to the serene backyard. The full basement offers additional space for gatherings and a large room for storage.
Unit Size
1,564 Ft²
Days on Market
80 days
Land Size
0.14 acres
Price per sqft
$336
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1989

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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 #22415984)

Price History

Date / Event Date Event Price
Aug 27, 2024 Sold
Premium
Sold
Jul 2, 2024 In contract -
In contract
Jun 6, 2024 Listed by EXP Realty $525,000
Listed by EXP Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,564
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,564
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manalapan-Englishtown Regional School District
  • Census Tract: 810001

Zoning

  • Zoning: 148000

Geography

  • Assessors Map Reference: TAX MAP 10.1
  • District: 28
  • Parcel: 28 02904-0000-00150
  • Block: 2904
  • Lot: 150
  • Municipality: MANALAPAN TWP
  • Latitude: 40.3189
  • Longitude: -74.359

    Address

  • Full Address: 32 Brookview Ln
  • Address - House Number: 32
  • Address - Street Name: Brookview
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Manalapan
  • Carrier Code: C019
  • 4-Digit Zip Code: 3889
  • Zip Code: 07726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $753,173

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 65
  • Final Value: 531,473
  • High Value: 662,588
  • Low Value: 400,358

    Market Valuation

  • Market Total Value: $452,900
  • Market Land Value: $188,300
  • Market Improvement Value: $264,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $452,900
  • Assessed Land Value: $188,300
  • Assessed Improvements Value: $264,600

    Sales

  • Current Sale Contract Date: Sep 18, 2015
  • Current Sale Recording Date: Sep 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015088376
  • Previous Sale Recording Date: Feb 19, 2004
  • Previous Sale Contract Date: Jan 02, 2004
  • Previous Sale Amount: $165,000
  • 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:

$725,000

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1948 ft²

Average Home Age

45.1 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 21 English Club Drive, Manalapan, NJ, 07726

$3,250 /mo

  • 3 Beds
  • 1 Bath
21 English Club Drive, Manalapan, NJ, 07726 Listing by Aleksandr Pritsker
Unit for rent at 30 Oxford Court, Englishtown, NJ, 07726

$3,200 /mo

  • 2 Beds
  • 2 Baths
30 Oxford Court, Englishtown, NJ, 07726 Listing by Ivette Campo Fuoco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Amanda Cruz, EXP Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22415984
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 32 Brookview Lane built and last sold?
The property at 32 Brookview Lane was built in 1989 and last sold on Sep 18, 2015 for $283,000.
How much is this home worth?
The estimated value of the home located at 32 Brookview Lane is $535,489.
What are some comparable homes to 32 Brookview Lane?
There are currently no comparable homes to 32 Brookview Lane.
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