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Monmouth 07748
34 Farm Road
$524,500
● House - Off Market

34 Farm Road

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$897,717
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Great House!Great Location! in Parklike setting on over an acre in prestigious Chapel Hill Beautifully renovated 4 bedroom 2 1/2 bath home, New Kitchen with Granite counter tops new stainless steel appliances, New baths with designer vanities, granite tops and ceramic floors, Hardwood floors throughout, plus new central A/C and Hot water heater,Hardwood floors throughout. Great Home come see for yourself!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$918
HOA Dues
-
Year Built
1963

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: 2 years ago (MOMLS #21630943)

Price History

Date / Event Date Event Price
Feb 10, 2017 Sold
Premium
Sold
Aug 4, 2016 Listed by Arbor Sales And Marketing LLC $539,000
Listed by Arbor Sales And Marketing LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 2
  • Garage Square Area: 700
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 49,136
  • Lot Size Depth Feet: 3,320
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001128
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R45

Geography

  • Assessors Map Reference: TAX MAP 165
  • District: 32
  • Parcel: 32 00832-0000-00058
  • Block: 832
  • Lot: 58
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3823
  • Longitude: -74.0791

    Address

  • Full Address: 34 Farm Rd
  • Address - House Number: 34
  • Address - Street Name: Farm
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C016
  • 4-Digit Zip Code: 3703
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,161,679

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 833,323
  • High Value: 989,050
  • Low Value: 677,596

    Market Valuation

  • Market Total Value: $668,400
  • Market Land Value: $403,200
  • Market Improvement Value: $265,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $668,400
  • Assessed Land Value: $403,200
  • Assessed Improvements Value: $265,200

    Sales

  • Current Sale Contract Date: Feb 10, 2017
  • Current Sale Recording Date: Apr 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017037080
  • Previous Sale Recording Date: Aug 02, 2016
  • Previous Sale Contract Date: Jun 14, 2016
  • Previous Sale Amount: $353,000
  • Previous Sale Document Type: 64
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 122-5f Bodman Place, Red Bank, NJ, 07701

$4,400 /mo

  • 2 Beds
  • 2 Baths
122-5f Bodman Place #5F, Red Bank, NJ, 07701 Listing by Joan S Picone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Leonora Bossie, Arbor Sales And Marketing LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21630943
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 34 Farm Road built and last sold?
The property at 34 Farm Road was built in 1963 and last sold on Feb 10, 2017 for $530,000.
How much is this home worth?
The estimated value of the home located at 34 Farm Road is $544,390.
What are some comparable homes to 34 Farm Road?
There are currently no comparable homes to 34 Farm Road.
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