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Monmouth 07731
5 Spruce Hollow Drive
$675,000
● House - Off Market

5 Spruce Hollow Drive

Howell, NJ 07731
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$4,074
Est. Monthly
$10
HOA / Fees
4.87%
Cap Rate

About This Property

This beautiful home sits on a corner lot with professional landscaping and an inviting paver walkway. 2 story living room features beautiful flooring & a dining room with chair rail molding, exuding a touch of sophistication. The modern kitchen has espresso-colored cabinets, granite counters, and black stainless appliances. The home extends to a spacious deck, providing a peaceful retreat with picturesque wooded views. Upstairs, you'll find fresh carpeting, three bedrooms, a laundry room, and a beautifully upgraded guest bathroom. The master bedroom offers vaulted ceilings and an ensuite with easy-to-maintain vinyl flooring. Additional highlights include a finished basement and plenty of storage space.
Unit Size
2,100 Ft²
Days on Market
93 days
Land Size
0.16 acres
Price per sqft
$321
Property Type
House
Property Taxes
$749
HOA Dues
$10
Year Built
1991

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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 #22329082)

Price History

Date / Event Date Event Price
Feb 8, 2024 Sold
Premium
Sold
Oct 18, 2023 Listed by Keller Williams Realty West Monmouth $675,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,072
  • Garage Type: 10
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,825
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,100
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811301

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 7.27
  • Account Number: 40000168
  • District: 21
  • Parcel: 21 00138- 14-00001- 68
  • Block: 138.14
  • Lot: 1.68
  • Municipality: HOWELL TWP
  • Latitude: 40.2023
  • Longitude: -74.2678

    Address

  • Full Address: 5 Spruce Hollow Dr
  • Address - House Number: 5
  • Address - Street Name: Spruce Hollow
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Howell
  • Carrier Code: C001
  • 4-Digit Zip Code: 3425
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $990,022

    Appraisal Valuation

  • Standard Deviation: 0.1877
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 637,315
  • High Value: 756,998
  • Low Value: 517,632

    Market Valuation

  • Market Total Value: $540,700
  • Market Land Value: $252,900
  • Market Improvement Value: $287,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $540,700
  • Assessed Land Value: $252,900
  • Assessed Improvements Value: $287,800

    Sales

  • Current Sale Contract Date: Feb 06, 2024
  • Current Sale Recording Date: Feb 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12126

    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:

$739,900

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1997 ft²

Average Home Age

45.2 years

Currently For Sale

1813 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 1507 Wagon Wheel Court, Freehold Twp, NJ, 07728

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,510 ft²
1507 Wagon Wheel Court, Freehold Twp, NJ, 07728 Listing by ANDRIY STOROSHCHUK

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: 2 years ago
Data Source: MOMMLS, MLS# 22329082
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 Spruce Hollow Drive built and last sold?
The property at 5 Spruce Hollow Drive was built in 1991 and last sold on Feb 6, 2024 for $675,000.
How much is this home worth?
The estimated value of the home located at 5 Spruce Hollow Drive is $0.
What are some comparable homes to 5 Spruce Hollow Drive?
There are currently no comparable homes to 5 Spruce Hollow Drive.
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