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Monmouth 07728
40 Cannon Road
$375,000
● House - Off Market

40 Cannon Road

Freehold, NJ 07728
bedrooms
3 Beds
bathrooms
1 Bath
$424,157
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Charms abounds in this fantastic neighborhood. A perfect alternative to Condo or Adult Community living, this 3 bedroom Ranch is waiting for your personal touches. Lots of opportunity to make this your forever home. Great backyard with patio for sipping summer drinks or watching leaves turning color in the fall. Hurry to join the very desirable town of Freehold, with lots of recreation areas,parks,restaurants, and endless activities in town.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1956

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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 #22126298)

Price History

Date / Event Date Event Price
Dec 16, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by NextHome Zenith $385,000
Listed by NextHome Zenith

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,168
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,168
  • Building Area: 1,168
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,168
  • 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

Neighborhood

  • School District Name: Freehold Township School District
  • Census Tract: 810401

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: TAX MAP 13
  • Account Number: 918000
  • District: 17
  • Parcel: 17 00027-0000-00004
  • Block: 27
  • Lot: 4
  • Municipality: FREEHOLD TWP
  • Latitude: 40.2724
  • Longitude: -74.2677

    Address

  • Full Address: 40 Cannon Rd
  • Address - House Number: 40
  • Address - Street Name: Cannon
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Freehold
  • Carrier Code: C008
  • 4-Digit Zip Code: 1404
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $709,167

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 453,112
  • High Value: 542,006
  • Low Value: 364,219

    Market Valuation

  • Market Total Value: $382,300
  • Market Land Value: $210,000
  • Market Improvement Value: $172,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $382,300
  • Assessed Land Value: $210,000
  • Assessed Improvements Value: $172,300

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2022000256
  • Previous Sale Recording Date: Dec 11, 1978
  • Previous Sale Contract Date: Dec 11, 1978
  • Previous Sale Amount: $51,900
  • 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 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

Unit for rent at 42 Midland Avenue, Freehold, NJ, 07728

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,394 ft²
42 Midland Avenue, Freehold, NJ, 07728 Listing by Maria Lehan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michelle Anderson, NextHome Zenith
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22126298
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 40 Cannon Road built and last sold?
The property at 40 Cannon Road was built in 1956 and last sold on Dec 15, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 40 Cannon Road is $388,850.
What are some comparable homes to 40 Cannon Road?
There are currently no comparable homes to 40 Cannon Road.
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