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Freehold 07728
4 Michael Lane
$390,000
● House - Off Market

4 Michael Lane

Freehold, NJ 07728
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,152 Ft²
$384,304
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Welcome Home! Beautiful 3 Bedroom 2 Full Bathroom Cape situated on a spacious corner lot. This home offers hardwood flooring on the main level, a brand new hot water heater and AC/Heating Wall Units only 3 years young. Newly Finished basement with vinyl flooring, laundry room and bonus room. Upstairs you'll find the master bedroom which includes a sitting area and newly updated bath. Close proximity to Major Highways, Schools, Shopping and the Jersey Shore!
Unit Size
1,152 Ft²
Days on Market
39 days
Land Size
0.14 acres
Price per sqft
$330
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1959

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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 #22213267)

Price History

Date / Event Date Event Price
Jun 28, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Keller Williams Realty Ocean Living $379,900
Listed by Keller Williams Realty Ocean Living

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Freehold Regional School District
  • Census Tract: 810900

Zoning

  • Zoning: 8683

Geography

  • Assessors Map Reference: TAX MAP 62
  • District: 16
  • Parcel: 16 00111- 01-00014
  • Block: 111.01
  • Lot: 14
  • Municipality: FREEHOLD BORO
  • Latitude: 40.2486
  • Longitude: -74.2824

    Address

  • Full Address: 4 Michael Ln
  • Address - House Number: 4
  • Address - Street Name: Michael
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Freehold
  • Carrier Code: C013
  • 4-Digit Zip Code: 2034
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $732,692

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 421,246
  • High Value: 505,587
  • Low Value: 336,905

    Market Valuation

  • Market Total Value: $354,100
  • Market Land Value: $197,300
  • Market Improvement Value: $156,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,400

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jul 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 71591
  • Previous Sale Recording Date: Oct 17, 2007
  • Previous Sale Contract Date: Sep 28, 2007
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: 27
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 Freehold

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$356

Below Asking

0.01%

Average Days on Market

77

Average Home Size

1395 ft²

Average Home Age

67.2 years

Currently For Sale

20 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 92 Tulip Lane, Freehold, NJ, 07728

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,293 ft²
92 Tulip Lane, Freehold, NJ, 07728 Listing by Rosemary DiPasquale

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Samantha Vallone, Keller Williams Realty Ocean Living
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22213267
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 Michael Lane built and last sold?
The property at 4 Michael Lane was built in 1959 and last sold on Jun 28, 2022 for $390,000.
How much is this home worth?
The estimated value of the home located at 4 Michael Lane is $0.
What are some comparable homes to 4 Michael Lane?
There are currently no comparable homes to 4 Michael Lane.
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