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Monmouth
5 Grant Drive
$630,000
● House - Off Market

5 Grant Drive

Cream Ridge, NJ 08514
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,887 Ft²
$1,145,009
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

This is beautiful home that is waiting for the right owner to make it their own homes. Home features, Full Basement! Features...2 Story Foyer With 2  Staircase, Formal Dining Room, Large Living Room, Spacious Conservatory, Story Family Room With Fireplace, Office On 1st Floor, Gourmet Kitchen With large Cabinets, Granite Counters, Island & Breakfast Area,  Master Bedroom With Sitting Area,  Walk-In Closets & Upgraded Bathroom, Every Bedroom With Private Bathroom. You will love the open layout. This is a MUST See!!!
Unit Size
5,887 Ft²
Days on Market
-
Land Size
1.33 acres
Price per sqft
$115
Property Type
House
Property Taxes
$1,613
HOA Dues
-
Year Built
2005

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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 #21601142)

Price History

Date / Event Date Event Price
Oct 31, 2016 Sold
Premium
Sold
Jan 10, 2016 Listed by Four Point Realty LLC $679,000
Listed by Four Point Realty LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 3
  • Basement Area: 2,843
  • Garage Type: 10
  • Garage Square Area: 706
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 46,871
  • Total Building Area: 5,022
  • Building Area: 5,022
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,022
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001076
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Upper Freehold Regional School District
  • Census Tract: 811900

Geography

  • Assessors Map Reference: TAX MAP 17.2
  • District: 51
  • Parcel: 51 00028- 01-00006
  • Block: 28.01
  • Lot: 6
  • Municipality: UPPER FREEHOLD TWP
  • Latitude: 40.1464
  • Longitude: -74.5314

    Address

  • Full Address: 5 Grant Dr
  • Address - House Number: 5
  • Address - Street Name: Grant
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Cream Ridge
  • Carrier Code: R402
  • 4-Digit Zip Code: 1627
  • Zip Code: 08514

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,937,378

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,079,574
  • High Value: 1,261,240
  • Low Value: 897,908

    Market Valuation

  • Market Total Value: $872,300
  • Market Land Value: $130,000
  • Market Improvement Value: $742,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $872,300
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $742,300

    Sales

  • Current Sale Contract Date: Oct 27, 2005
  • Current Sale Recording Date: Nov 26, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$739,999

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2002 ft²

Average Home Age

45.4 years

Currently For Sale

1815 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

Rentals Near You

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MOMMLS

Listed by: Naveen Sharma, Four Point Realty LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21601142
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 5 Grant Drive built and last sold?
The property at 5 Grant Drive was built in 2005 and last sold on Oct 27, 2005 for $906,637.
How much is this home worth?
The estimated value of the home located at 5 Grant Drive is $0.
What are some comparable homes to 5 Grant Drive?
There are currently no comparable homes to 5 Grant Drive.
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