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Rumson 07760 Rumson - Fair Haven
50 Bingham Avenue
$1,550,000
● House - Off Market

50 Bingham Avenue

Rumson, NJ 07760
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
2,668 Ft²
$1,590,043
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

BEST LOCATION IN TOWN!*** This 14 year YOUNG colonial in the heart of Rumson with over 3,500 sq of finished living space is the home you have been waiting for!  New kitchen completed in 2019, beautiful hardwood flooring throughout most of the 1st floor, a welcoming 2 story entry foyer, 2 zone HVAC, a private master with ensuite bath,  ample off street parking for up to 6 cars, and a full finished basement complete with wet bar, home office/5th bedroom with full bath, and huge entertainment area.  This home offers Coastal Rumson living at it's finest! Short distance to 2 parks with Tennis Courts, many restaurants, within .5 mile to all of Rumson's Blue Ribbon public schools, marina on the Navesink, and an easy 2 mile bike ride to the beaches of Sea Bright!
Unit Size
2,668 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$599
Property Type
House
Property Taxes
$1,369
HOA Dues
-
Year Built
2009

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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 #22311021)

Price History

Date / Event Date Event Price
Aug 1, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by O'Brien Realty, LLC $1,599,000
Listed by O'Brien Realty, LLC

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,262
  • Garage Type: 2
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,048
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,668
  • Building Area: 2,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,668
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Rumson Borough School District
  • Census Tract: 803900

Zoning

  • Zoning: R-5

Geography

  • District: 41
  • Parcel: 41 00030-0000-00009- 01
  • Block: 30
  • Lot: 9.01
  • Municipality: RUMSON BORO
  • Latitude: 40.3747
  • Longitude: -74.0093

    Address

  • Full Address: 50 Bingham Ave
  • Address - House Number: 50
  • Address - Street Name: Bingham
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Rumson
  • Carrier Code: C007
  • 4-Digit Zip Code: 1535
  • Zip Code: 07760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,630,287

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 1,644,623
  • High Value: 1,955,015
  • Low Value: 1,334,230

    Market Valuation

  • Market Total Value: $1,394,600
  • Market Land Value: $742,300
  • Market Improvement Value: $652,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,394,600
  • Assessed Land Value: $742,300
  • Assessed Improvements Value: $652,300

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 56336
  • Previous Sale Recording Date: Jul 18, 2011
  • Previous Sale Contract Date: Jul 13, 2011
  • Previous Sale Amount: $950,000
  • Previous 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 Rumson - Fair Haven

Stats & Trends

Median Asking:

$2,499,999

Sale Price/ft²

$787

Below Asking

0.01%

Average Days on Market

55

Average Home Size

3341 ft²

Average Home Age

30.9 years

Currently For Sale

27 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 34 Highland Avenue, Rumson, NJ, 07760

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,578 ft²
34 Highland Avenue, Rumson, NJ, 07760 Listing by Thomas J McCormack
Unit for rent at 32 1st Street, Rumson, NJ, 07760

$5,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,056 ft²
32 1st Street, Rumson, NJ, 07760 Listing by Erin Hughes

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Cynda B Kliewe, O'Brien Realty, LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22311021
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 50 Bingham Avenue built and last sold?
The property at 50 Bingham Avenue was built in 2009 and last sold on Jul 25, 2023 for $1,550,000.
How much is this home worth?
The estimated value of the home located at 50 Bingham Avenue is $0.
What are some comparable homes to 50 Bingham Avenue?
There are currently no comparable homes to 50 Bingham Avenue.
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