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Monmouth 07731
40 Snowdrift Lane
$474,000
● House - Off Market

40 Snowdrift Lane

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$507,381
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Meticulously Maintained 4 BR colonial in Central Howell.  The lovely front porch welcomes you into this immaculate home with wood flooring and decorative moldings throughout, granite countertops and tile backsplash in the kitchen, first floor laundry, LR, DR, and Den or home office. Center hall stairs leads you to 4 Large bedrooms, master has ensuite and walk in closet.  Spend this summer in the fenced in yard, bbqing on the lovely blue stone patio. Included shed, generator.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$678
HOA Dues
-
Year Built
1988

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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 #22112443)

Price History

Date / Event Date Event Price
Jul 12, 2021 Sold
Premium
Sold
Apr 26, 2021 Listed by Weichert Realtors-Manalapan $439,000
Listed by Weichert Realtors-Manalapan

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 10
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,519
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811401

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 4.02
  • Account Number: 02304031
  • District: 21
  • Parcel: 21 00035- 73-00031
  • Block: 35.73
  • Lot: 31
  • Municipality: HOWELL TWP
  • Latitude: 40.1536
  • Longitude: -74.2002

    Address

  • Full Address: 40 Snowdrift Ln
  • Address - House Number: 40
  • Address - Street Name: Snowdrift
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Howell
  • Carrier Code: C022
  • 4-Digit Zip Code: 2244
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $936,083

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 604,807
  • High Value: 710,725
  • Low Value: 498,888

    Market Valuation

  • Market Total Value: $503,000
  • Market Land Value: $265,400
  • Market Improvement Value: $237,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $503,000
  • Assessed Land Value: $265,400
  • Assessed Improvements Value: $237,600

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021158191
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:

$724,900

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1951 ft²

Average Home Age

44.9 years

Currently For Sale

2905 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 6 Swan Road, Howell, NJ, 07731

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,276 ft²
6 Swan Road, Howell, NJ, 07731 Listing by Virginia M Iliadis

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Edith Rubinson, Weichert Realtors-Manalapan
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22112443
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 Snowdrift Lane built and last sold?
The property at 40 Snowdrift Lane was built in 1988 and last sold on Jul 7, 2021 for $474,000.
How much is this home worth?
The estimated value of the home located at 40 Snowdrift Lane is $443,390.
What are some comparable homes to 40 Snowdrift Lane?
There are currently no comparable homes to 40 Snowdrift Lane.
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