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Monmouth
38 Leland Road
$335,000
● House - Off Market

38 Leland Road

Colts Neck, NJ 07722
bedrooms
2 Beds
bathrooms
1 Bath
$596,838
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Welcome Home to the Sought-after Colts Neck Township Where You Will Find Nestled Amongst Million Dollar Estates, This Charming 2 Bedroom/ 1 Bath Home Sitting On Over an Acre of Property. This Cottage Offers Unlimited Possibilities. Great Opportunity to Renovate, Add-On or Re-Design as You Wish. The Oversized 2 Car Detached Garage is Perfect for the Car Enthusiast In You. This Unique Location with Easy Access to all Major Roads, Train Station and NY Waterways Ferry, makes it the Ideal Place for Commuters to Call Home. Large Private Lot has mature Trees for Privacy and Enough Open Space to Enjoy the Great Outdoors. Bonus: Lot Offers Two Access Roads, One from Route 34 and the other from Leland Road. Come Take a Look Today!
Unit Size
-
Days on Market
-
Land Size
1.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1938

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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 #21845306)

Price History

Date / Event Date Event Price
Mar 15, 2019 Sold
Premium
Sold
Nov 27, 2018 Listed by RE/MAX the Real Estate Leaders $399,000
Listed by RE/MAX the Real Estate Leaders

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 704
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Total Building Area: 872
  • Building Area: 872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 872
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001340
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Colts Neck Township School District
  • Census Tract: 809902

Zoning

  • Zoning: A-3

Geography

  • District: 10
  • Parcel: 10 00047-0000-00009
  • Block: 47
  • Lot: 9
  • Municipality: COLTS NECK TOWNSHIP
  • Latitude: 40.2761
  • Longitude: -74.17

    Address

  • Full Address: 38 Leland Rd
  • Address - House Number: 38
  • Address - Street Name: Leland
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Colts Neck
  • Carrier Code: R088
  • 4-Digit Zip Code: 1721
  • Zip Code: 07722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $604,195

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 565,081
  • High Value: 667,482
  • Low Value: 462,680

    Market Valuation

  • Market Total Value: $388,300
  • Market Land Value: $270,500
  • Market Improvement Value: $117,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $388,300
  • Assessed Land Value: $270,500
  • Assessed Improvements Value: $117,800

    Sales

  • Current Sale Contract Date: Mar 14, 2019
  • Current Sale Recording Date: Mar 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019025067
  • Previous Sale Recording Date: Sep 28, 2018
  • Previous Sale Contract Date: Aug 02, 2018
  • Previous Sale Amount: $1,000
  • 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:

$724,900

Sale Price/ft²

$384

Above Asking

0.56%

Average Days on Market

64

Average Home Size

1961 ft²

Average Home Age

45.2 years

Currently For Sale

3024 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

Rentals Near You

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MOMMLS

Listed by: Sarah F Bandy, RE/MAX the Real Estate Leaders
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21845306
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 38 Leland Road built and last sold?
The property at 38 Leland Road was built in 1938 and last sold on Mar 14, 2019 for $335,000.
How much is this home worth?
The estimated value of the home located at 38 Leland Road is $402,990.
What are some comparable homes to 38 Leland Road?
There are currently no comparable homes to 38 Leland Road.
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