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Monmouth
43 Spruce Lane
$860,000
● House - Off Market

43 Spruce Lane

Colts Neck, NJ 07722
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,123 Ft²
$923,749
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Welcome home to this amazing 4 bedroom, 2.5 bath Custom home. Perfectly situated at the end of a cul-de-sac on over 1 acre of complete privacy. Property is level and clear of trees, waiting on a pool or any form of outdoor entertainment. This home has been meticulously cared for with many lovely updates. Featuring a two story foyer with vaulted ceiling and skylights, every room is sunlit with natural light. Kitchen offers stainless steel appliances, granite counters and flows into Dining room with sliders to patio. Three wood burning fireplaces adorn this home, full finished basement allowing for recreational space, game room, gym or home office. Close to shopping, schools, GSP, Route 18 and NYC commute.
Unit Size
3,123 Ft²
Days on Market
-
Land Size
1.27 acres
Price per sqft
$253
Property Type
House
Property Taxes
$1,107
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22110389)

Price History

Date / Event Date Event Price
Jun 21, 2021 Sold
Premium
Sold
Apr 8, 2021 Listed by Heritage House Sotheby's International Realty $789,500
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,602
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,147
  • Total Building Area: 3,123
  • Building Area: 3,123
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,123
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001266
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Colts Neck Township School District
  • Census Tract: 809902

Zoning

  • Zoning: SF80

Geography

  • District: 10
  • Parcel: 10 00021-0000-00003- 12
  • Block: 21
  • Lot: 3.12
  • Municipality: COLTS NECK TOWNSHIP
  • Latitude: 40.3162
  • Longitude: -74.1508

    Address

  • Full Address: 43 Spruce Ln
  • Address - House Number: 43
  • Address - Street Name: Spruce
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Colts Neck
  • Carrier Code: R083
  • 4-Digit Zip Code: 1362
  • Zip Code: 07722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,475,399

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,216,392
  • High Value: 1,421,794
  • Low Value: 1,010,990

    Market Valuation

  • Market Total Value: $948,200
  • Market Land Value: $415,800
  • Market Improvement Value: $532,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $948,200
  • Assessed Land Value: $415,800
  • Assessed Improvements Value: $532,400

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021116289
  • Previous Sale Recording Date: Nov 04, 2011
  • Previous Sale Contract Date: Oct 28, 2011
  • Previous Sale Amount: $650,000
  • 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

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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

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MOMMLS

Listed by: Anna Appolonia, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22110389
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 43 Spruce Lane built and last sold?
The property at 43 Spruce Lane was built in 1985 and last sold on Jun 17, 2021 for $860,000.
How much is this home worth?
The estimated value of the home located at 43 Spruce Lane is $820,200.
What are some comparable homes to 43 Spruce Lane?
There are currently no comparable homes to 43 Spruce Lane.
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