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Monmouth 07731
5 Locust Road
$392,000
● House - Off Market

5 Locust Road

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,900 Ft²
$417,946
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

This beautiful ranch has been expanded to include a large Master Bedroom with a skylight, a large Kitchen and a 30x17 Great Room in the Basement. There are hardwood floors throughout the original 3 bedrooms and the hallway. The basement is very large. Enter the Family Room area in the original basement. There is another room that was used as a bedroom and a storage room where there is  complete plumbing in place to install a bathroom...  Then walk down the slate walkway to a huge Great Room with Bilco doors to the backyard. There is a beautiful Trex Deck overlooking a large fenced backyard from sliders in the Kitchen. You will not be disappointed!!
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$211
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1965

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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: 3 years ago (MOMLS #22235170)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Nov 13, 2022 Listed by Keller Williams Realty West Monmouth $400,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,440
  • Garage Type: 1
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811200

Zoning

  • Zoning: R-3A

Geography

  • Assessors Map Reference: TAX MAP 4.15
  • Account Number: 033700
  • District: 21
  • Parcel: 21 00062-0000-00006
  • Block: 62
  • Lot: 6
  • Municipality: HOWELL TWP
  • Latitude: 40.1626
  • Longitude: -74.2176

    Address

  • Full Address: 5 Locust Rd
  • Address - House Number: 5
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Howell
  • Carrier Code: C017
  • 4-Digit Zip Code: 1412
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $752,620

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 506,062
  • High Value: 595,907
  • Low Value: 416,216

    Market Valuation

  • Market Total Value: $404,200
  • Market Land Value: $232,200
  • Market Improvement Value: $172,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,200
  • Assessed Land Value: $232,200
  • Assessed Improvements Value: $172,000

    Sales

  • Current Sale Contract Date: Feb 22, 2023
  • Current Sale Recording Date: Mar 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14694
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:

$724,950

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1961 ft²

Average Home Age

45.3 years

Currently For Sale

2844 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 43 Frederick Avenue, Howell, NJ, 07731

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
43 Frederick Avenue, Howell, NJ, 07731 Listing by Natalie Pantelo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Betty M Laboska, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22235170
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 Locust Road built and last sold?
The property at 5 Locust Road was built in 1965 and last sold on Feb 22, 2023 for $392,000.
How much is this home worth?
The estimated value of the home located at 5 Locust Road is $0.
What are some comparable homes to 5 Locust Road?
There are currently no comparable homes to 5 Locust Road.
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