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Freehold 07728
5 Lawrence Place
$233,000
● House - Off Market

5 Lawrence Place

Freehold, NJ 07728
bedrooms
3 Beds
bathrooms
2 Baths
$379,126
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

This diamond in the rough is just waiting for the right buyer to put in a little TLC!  It is located in a quiet neighborhood that is close to shopping, downtown Freehold and commuting.  It has a full size basement with a full bath, bar and workroom! The furnace, hot water and roof are newer.  Large, level backyard is perfect for an outdoor BBQ!  It's ready for the next buyer to make it their home.

Sold strictly ''As Is''.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1960

Payment Calculator

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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 #21739869)

Price History

Date / Event Date Event Price
May 29, 2018 Sold
Premium
Sold
Oct 16, 2017 Listed by Coldwell Banker Realty $249,000
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 936
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,030
  • Building Area: 1,030
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,030
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Freehold Regional School District
  • Census Tract: 810900

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: TAX MAP 49
  • District: 16
  • Parcel: 16 00119-0000-00011
  • Block: 119
  • Lot: 11
  • Municipality: FREEHOLD BORO
  • Latitude: 40.2519
  • Longitude: -74.2831

    Address

  • Full Address: 5 Lawrence Pl
  • Address - House Number: 5
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Freehold
  • Carrier Code: C013
  • 4-Digit Zip Code: 2031
  • Zip Code: 07728

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $987,268

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 435,074
  • High Value: 522,183
  • Low Value: 347,964

    Market Valuation

  • Market Total Value: $470,800
  • Market Land Value: $309,400
  • Market Improvement Value: $161,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $470,800
  • Assessed Land Value: $309,400
  • Assessed Improvements Value: $161,400

    Sales

  • Current Sale Contract Date: May 29, 2018
  • Current Sale Recording Date: Aug 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018077351

    Financing

  • First Mortgage Financing Type: FIX
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 Freehold

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$356

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1300 ft²

Average Home Age

74.5 years

Currently For Sale

20 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 92 Tulip Lane, Freehold, NJ, 07728

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,293 ft²
92 Tulip Lane, Freehold, NJ, 07728 Listing by Rosemary DiPasquale

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Debra Preston, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21739869
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 Lawrence Place built and last sold?
The property at 5 Lawrence Place was built in 1960 and last sold on May 29, 2018 for $233,000.
How much is this home worth?
The estimated value of the home located at 5 Lawrence Place is $0.
What are some comparable homes to 5 Lawrence Place?
There are currently no comparable homes to 5 Lawrence Place.
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