For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Monmouth 07726
4 Heather Drive
$616,000
● House - Off Market

4 Heather Drive

Manalapan, NJ 07726
bedrooms
7 Beds
bathrooms
4 Baths
square feet
3,898 Ft²
$4,384
Est. Monthly
15.53%
Cap Rate

About This Property

Attention All Investors! This home is almost 4000 sq ft. and has 7 bedrooms, 4 full baths.  it could be a ''dream'' home. This is a diamond in the rough.
Unit Size
3,898 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$179
Property Type
House
Property Taxes
$951
HOA Dues
-
Year Built
1962

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22319921)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Jul 19, 2023 Listed by Weichert Realtors-Freehold $699,000
Listed by Weichert Realtors-Freehold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,875
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,898
  • Building Area: 3,898
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,898
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000479
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manalapan-Englishtown Regional School District
  • Census Tract: 810101

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 28
  • Parcel: 28 00705-0000-00038
  • Block: 705
  • Lot: 38
  • Municipality: MANALAPAN TWP
  • Latitude: 40.3208
  • Longitude: -74.299

    Address

  • Full Address: 4 Heather Dr
  • Address - House Number: 4
  • Address - Street Name: Heather
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manalapan
  • Carrier Code: C017
  • 4-Digit Zip Code: 2706
  • Zip Code: 07726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,127,526

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 845,466
  • High Value: 1,000,710
  • Low Value: 690,223

    Market Valuation

  • Market Total Value: $677,600
  • Market Land Value: $272,900
  • Market Improvement Value: $404,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $677,600
  • Assessed Land Value: $272,900
  • Assessed Improvements Value: $404,700

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Feb 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7261
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

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2004 ft²

Average Home Age

45.5 years

Currently For Sale

1794 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

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Josette McClaren, Weichert Realtors-Freehold
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22319921
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 Heather Drive built and last sold?
The property at 4 Heather Drive was built in 1962 and last sold on Dec 15, 2023 for $616,000.
How much is this home worth?
The estimated value of the home located at 4 Heather Drive is $0.
What are some comparable homes to 4 Heather Drive?
There are currently no comparable homes to 4 Heather Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Monmouth Homes for Sale
Monmouth Houses for Sale
Monmouth Condos for Sale
Monmouth Co-Ops for Sale
Monmouth Townhouses for Sale
Monmouth Multifamily for Sale
Monmouth Land for Sale
Monmouth Commercial for Sale
Nearby Cities
New York Homes for Sale
Philadelphia Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Ocean Acres Homes for Sale
Trenton Homes for Sale
Nearby Property Records
Monmouth County, NJ Property Records
Middlesex County, NJ Property Records
Ocean County, NJ Property Records
Mercer County, NJ Property Records
Union County, NJ Property Records
Somerset County, NJ Property Records
New York, NY Property Records
Hudson County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Forest Hills Real Estate
Midtown Real Estate
Nearby Counties
Ocean Homes for Sale
Manhattan Homes for Sale
Philadelphia Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Camden Homes for Sale
Burlington Homes for Sale
Top Real Estate Agents
Top Agents in Monmouth
Top Agents in New York
Top Agents in Ocean
Top Agents in Manhattan
Top Agents in Philadelphia
Top Agents in Philadelphia
Top Agents in Queens
Top Agents in Brooklyn