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Monmouth
4 Chestnut Drive
$447,000
● House - Off Market

4 Chestnut Drive

Hazlet, NJ 07730
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,408 Ft²
$868,755
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model

About This Property

Just imagine yourself stepping into a home with glistening hardwood flooring, the warmth of a gas fireplace . Nine foot ceilings on first level along with renovated kitchen and baths. This home offers large rooms and master bath with shower stall and soaking tub. Perfect home for extended family or a great in-law suite. Also offering a Home Warranty
Unit Size
3,408 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$826
HOA Dues
-
Year Built
1958

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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 #21435914)

Price History

Date / Event Date Event Price
Dec 29, 2014 Sold
Premium
Sold
Sep 4, 2014 Listed by RE/MAX Imperial $464,900
Listed by RE/MAX Imperial

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,355
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 8,999
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,408
  • Building Area: 3,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,408
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: THE RANCH MODEL

Neighborhood

  • School District Name: Hazlet Township School District
  • Census Tract: 802400

Zoning

  • Zoning: R70

Geography

  • Assessors Map Reference: TAX MAP 72
  • Account Number: 045179
  • District: 18
  • Parcel: 18 00212-0000-00002
  • Block: 212
  • Lot: 2
  • Municipality: HAZLET TWP
  • Latitude: 40.4181
  • Longitude: -74.1944

    Address

  • Full Address: 4 Chestnut Dr
  • Address - House Number: 4
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C002
  • 4-Digit Zip Code: 1302
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,517,056

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 891,859
  • High Value: 1,058,129
  • Low Value: 725,588

    Market Valuation

  • Market Total Value: $709,900
  • Market Land Value: $325,400
  • Market Improvement Value: $384,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $709,900
  • Assessed Land Value: $325,400
  • Assessed Improvements Value: $384,500

    Sales

  • Current Sale Contract Date: May 26, 2020
  • Current Sale Recording Date: Jun 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020059024
  • Previous Sale Recording Date: Jan 06, 2015
  • Previous Sale Contract Date: Dec 23, 2014
  • Previous Sale Amount: $447,000
  • Previous Sale Document Type: 12
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

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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: Angela Dorsi, RE/MAX Imperial
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21435914
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 4 Chestnut Drive built and last sold?
The property at 4 Chestnut Drive was built in 1958 and last sold on May 26, 2020 for $575,000.
How much is this home worth?
The estimated value of the home located at 4 Chestnut Drive is $0.
What are some comparable homes to 4 Chestnut Drive?
There are currently no comparable homes to 4 Chestnut Drive.
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