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Monmouth 08535
32 Forman Road
$750,000
● House - Off Market

32 Forman Road

Millstone, NJ 08535
bedrooms
4 Beds
bathrooms
6 Baths, 3 Half Baths
$1,099,544
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Indulge in almost 4,000 sq. ft. of Custom, Quality Craftsmanship Situated on 2.99 Acres of Picturesque Property! Featuring Gourmet Kitchen, Beautiful Decorative Mouldings, Hardwood Floors throughout, Surround Sound, First Floor Master BR Suite w/Dual Walk-In Closets, Double Vanity & Jacuzzi Tub; Finished Basement w/Custom Bar & Wine Storage, Screened in Porch, Inground Pool & Cabana, Lush Landscaping, 3 Stall Barn w/Wash Stall, Tack Room, Paddocks and much more! Welcome to the Epitome of Country Living!
Unit Size
-
Days on Market
-
Land Size
2.99 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,293
HOA Dues
-
Year Built
2000

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: 3 years ago (MOMLS #21922640)

Price History

Date / Event Date Event Price
Aug 26, 2019 Sold
Premium
Sold
May 31, 2019 Listed by Shark River Realty $749,900
Listed by Shark River Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 16
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,965
  • Garage Type: 2
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 130,244
  • Total Building Area: 3,105
  • Building Area: 3,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 3,105
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002990
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Millstone Township School District
  • Census Tract: 812501

Zoning

  • Zoning: RU-P

Geography

  • Assessors Map Reference: TAX MAP 9
  • District: 33
  • Parcel: 33 00043-0000-00011- 02
  • Block: 43
  • Lot: 11.02
  • Municipality: MILLSTONE TWP
  • Latitude: 40.2297
  • Longitude: -74.3877

    Address

  • Full Address: 32 Forman Rd
  • Address - House Number: 32
  • Address - Street Name: Forman
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Millstone Township
  • Carrier Code: R089
  • 4-Digit Zip Code: 8168
  • Zip Code: 08535

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,688,558

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,095,565
  • High Value: 1,279,922
  • Low Value: 911,208

    Market Valuation

  • Market Total Value: $679,500
  • Market Land Value: $157,700
  • Market Improvement Value: $521,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $679,500
  • Assessed Land Value: $157,700
  • Assessed Improvements Value: $521,800

    Sales

  • Current Sale Contract Date: Aug 26, 2019
  • Current Sale Recording Date: Oct 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019095144
  • Previous Sale Recording Date: Feb 19, 1999
  • Previous Sale Contract Date: Jan 06, 1999
  • Previous Sale Amount: $149,900
  • 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

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

2006 ft²

Average Home Age

45.6 years

Currently For Sale

1839 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 200 Mustang Drive, Manalapan, NJ, 07726

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 2,300 ft²
200 Mustang Drive, Manalapan, NJ, 07726 Listing by ANIL KAMINENI

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kristin Palmisano, Shark River Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21922640
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 Forman Road built and last sold?
The property at 32 Forman Road was built in 2000 and last sold on Aug 26, 2019 for $750,000.
How much is this home worth?
The estimated value of the home located at 32 Forman Road is $757,399.
What are some comparable homes to 32 Forman Road?
There are currently no comparable homes to 32 Forman Road.
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