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Monmouth 07748
416 Conover Avenue
$475,000
● House - Off Market

416 Conover Avenue

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,996 Ft²
$926,471
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Beautiful Updated Colonial offering Old World Charm with modern conveniences! Newer eat-in kitchen, Updated baths, New roof, Upgraded electric, Newer Central Air! A Formal Dining rm to entertain. A finished basement w/ built-in bar. Walk-up attic offers expansion possibilities. Professionally landscaped fenced yard/w paver patio, water feature, flowers & more! Perfect for commuters just minutes to NJ Trains svcs to Newark & NYC. Close to restaurants, shops, parks & beaches & more!
Unit Size
1,996 Ft²
Days on Market
-
Land Size
-
Price per sqft
$238
Property Type
House
Property Taxes
$556
HOA Dues
-
Year Built
1913

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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: 3 years ago (MOMLS #21327366)

Price History

Date / Event Date Event Price
Nov 25, 2013 Sold
Premium
Sold
Aug 7, 2013 Listed by Weichert Realtors-Middletown $475,000
Listed by Weichert Realtors-Middletown

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 948
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801100

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 144
  • District: 32
  • Parcel: 32 00804-0000-00005
  • Block: 804
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3933
  • Longitude: -74.1189

    Address

  • Full Address: 416 Conover Ave
  • Address - House Number: 416
  • Address - Street Name: Conover
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C011
  • 4-Digit Zip Code: 2516
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $863,438

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 699,261
  • High Value: 814,884
  • Low Value: 583,638

    Market Valuation

  • Market Total Value: $496,800
  • Market Land Value: $230,300
  • Market Improvement Value: $266,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $496,800
  • Assessed Land Value: $230,300
  • Assessed Improvements Value: $266,500

    Sales

  • Current Sale Contract Date: Nov 25, 2013
  • Current Sale Recording Date: Dec 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013128907
  • Previous Sale Recording Date: Nov 17, 2004
  • Previous Sale Contract Date: Nov 01, 2004
  • Previous Sale Amount: $465,000
  • 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 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 150 Magnolia Lane, Middletown, NJ, 07748

$3,800 /mo

  • 3 Beds
  • 1 Bath
150 Magnolia Lane, Middletown, NJ, 07748 Listing by Shaelah Pierson

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eva G Acevedo, Weichert Realtors-Middletown
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21327366
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 416 Conover Avenue built and last sold?
The property at 416 Conover Avenue was built in 1913 and last sold on Nov 25, 2013 for $475,000.
How much is this home worth?
The estimated value of the home located at 416 Conover Avenue is $497,338.
What are some comparable homes to 416 Conover Avenue?
There are currently no comparable homes to 416 Conover Avenue.
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