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Monmouth 07731
34 Lake Drive
$482,000
● House - Off Market

34 Lake Drive

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,860 Ft²
$3,124
Est. Monthly
8.15%
Cap Rate

About This Property

Great neighborhood and location for this 4/5 bedroom home. It would make a great mother/daughter home! Plenty of space for everyone to spread out and have their own space! Large property backing up to woods. Close to shopping commuting and schools. All appliances included. Come make this your forever home.
Unit Size
1,860 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$280
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
1960

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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 #22420295)

Price History

Date / Event Date Event Price
Feb 13, 2025 Sold
Premium
Sold
Dec 19, 2024 In contract -
In contract
Nov 30, 2024 Price Decreased $519,900
↓ $10K (1.9%)
Price Decreased
Aug 30, 2024 Relisted $529,900
Relisted
Aug 2, 2024 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,500
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,860
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000333
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811303

Zoning

  • Zoning: R-3A

Geography

  • Assessors Map Reference: TAX MAP 4.52
  • Account Number: 041140
  • District: 21
  • Parcel: 21 00084- 25-00074
  • Block: 84.25
  • Lot: 74
  • Municipality: HOWELL TWP
  • Latitude: 40.1445
  • Longitude: -74.2492

    Address

  • Full Address: 34 Lake Dr
  • Address - House Number: 34
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Howell
  • Carrier Code: C009
  • 4-Digit Zip Code: 1508
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $685,034

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 507,954
  • High Value: 598,135
  • Low Value: 417,772

    Market Valuation

  • Market Total Value: $368,100
  • Market Land Value: $216,700
  • Market Improvement Value: $151,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,100
  • Assessed Land Value: $216,700
  • Assessed Improvements Value: $151,400
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

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1958 ft²

Average Home Age

45.6 years

Currently For Sale

1833 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 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Suzanne Hope, RE/MAX Homeland Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22420295
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 Lake Drive built and last sold?
The property at 34 Lake Drive was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 34 Lake Drive is $536,207.
What are some comparable homes to 34 Lake Drive?
There are currently no comparable homes to 34 Lake Drive.
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