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Monmouth
389 Millstone Road
$352,000
● House - Off Market

389 Millstone Road

Clarksburg, NJ 08510
bedrooms
3 Beds
bathrooms
1 Bath
$623,768
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

3 1/2 level acres! LOW Taxes. Huge detached building. Warm and inviting country home. Open floor plan, wood burning stove in family room for cold winter nights.Country living but close to shopping and transportation.

Nicely wooded private backyard.

Oversize detached building for storage, contractors or home hobbies.
Unit Size
-
Days on Market
-
Land Size
3.48 acres
Price per sqft
-
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1950

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 #21541598)

Price History

Date / Event Date Event Price
Oct 14, 2016 Sold
Premium
Sold
Oct 31, 2015 Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville $369,900
Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 1,000
  • Parking Space Count: 4
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 151,589
  • Total Building Area: 1,879
  • Building Area: 1,879
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,879
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003480
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Millstone Township School District
  • Census Tract: 812502

Zoning

  • Zoning: R-80

Geography

  • Assessors Map Reference: TAX MAP 20
  • District: 33
  • Parcel: 33 00051-0000-00004- 07
  • Block: 51
  • Lot: 4.07
  • Municipality: MILLSTONE TWP
  • Latitude: 40.1858
  • Longitude: -74.4308

    Address

  • Full Address: 389 Millstone Rd
  • Address - House Number: 389
  • Address - Street Name: Millstone
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Millstone Township
  • Carrier Code: R081
  • 4-Digit Zip Code: 1520
  • Zip Code: 08510

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $823,281

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 585,575
  • High Value: 687,093
  • Low Value: 484,057

    Market Valuation

  • Market Total Value: $331,300
  • Market Land Value: $155,600
  • Market Improvement Value: $175,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $331,300
  • Assessed Land Value: $155,600
  • Assessed Improvements Value: $175,700
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:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2017 ft²

Average Home Age

45.1 years

Currently For Sale

1813 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 284 Millstone Road, Millstone, NJ, 08535

$3,800 /mo

  • 3 Beds
  • 2 Baths
284 Millstone Road, Millstone, NJ, 08535 Listing by James Befarah

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Theresa Guttridge, Berkshire Hathaway HomeServices Fox & Roach - Perrineville
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21541598
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 389 Millstone Road built and last sold?
The property at 389 Millstone Road was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 389 Millstone Road is $373,599.
What are some comparable homes to 389 Millstone Road?
There are currently no comparable homes to 389 Millstone Road.
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