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Monmouth 07731
50 Heritage Drive
$610,000
● House - Off Market

50 Heritage Drive

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
3 Baths
$588,274
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

GORGEOUS SPLIT LEVEL IN DESIRABLE HERITAGE POINT WITH BEAUTIFUL LANDSCAPING, SPRINKLES, FULLY FENCED YARD BACKING TO TREES WITH INGROUND SALT WATER POOL & LARGE PATIO! HOME FEATURES LARGE LIVING ROOM WITH VAULTED CEILINGS, GOURMET KITCHEN WITH WOOD CABINETS, ISLAND, STAINLESS STEEL APPLIANCES & BREAKFAST AREA, SPACIOUS FAMILY ROOM WITH SLIDER TO YARD, MASTER SUITE WITH WALK-IN CLOSET & PRIVATE BATHROOM, 3 LARGE ADDITIONAL BEDROOMS, REDONE BATHROOMS, HARDWOOD FLOORS, NEWER POOL LINER & HOT WATER HEATER, 2 CAR GARAGE, CRAWL SPACE FOR STORAGE & SO MUCH MORE! CLOSE TO TRANSPORTATION, SHOPPING & RESTAURANTS!
Unit Size
-
Days on Market
76 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$784
HOA Dues
-
Year Built
1987

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 #22212742)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Apr 30, 2022 Listed by C21/ Mack Morris Iris Lurie $575,000
Listed by C21/ Mack Morris Iris Lurie

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 7,950
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,028
  • Building Area: 2,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,028
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811304

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 4.40
  • Account Number: 03959120
  • District: 21
  • Parcel: 21 00079-0000-00120
  • Block: 79
  • Lot: 120
  • Municipality: HOWELL TWP
  • Latitude: 40.1448
  • Longitude: -74.2345

    Address

  • Full Address: 50 Heritage Dr
  • Address - House Number: 50
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Howell
  • Carrier Code: C010
  • 4-Digit Zip Code: 2968
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,205,184

    Appraisal Valuation

  • Standard Deviation: 0.1888
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 669,287
  • High Value: 795,669
  • Low Value: 542,905

    Market Valuation

  • Market Total Value: $647,600
  • Market Land Value: $288,700
  • Market Improvement Value: $358,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,600
  • Assessed Land Value: $288,700
  • Assessed Improvements Value: $358,900

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Aug 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 78154
  • Previous Sale Recording Date: Sep 09, 2011
  • Previous Sale Contract Date: Aug 29, 2011
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 27
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:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2017 ft²

Average Home Age

45.1 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 10 Smith Street, Howell, NJ, 07731

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,080 ft²
10 Smith Street, Howell, NJ, 07731 Listing by Clara Borras
Unit for rent at 6 Swan Road, Howell, NJ, 07731

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,276 ft²
6 Swan Road, Howell, NJ, 07731 Listing by Virginia M Iliadis

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Laurin LaLima, C21/ Mack Morris Iris Lurie
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22212742
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 Heritage Drive built and last sold?
The property at 50 Heritage Drive was built in 1987 and last sold on Jun 27, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 50 Heritage Drive is $580,750.
What are some comparable homes to 50 Heritage Drive?
There are currently no comparable homes to 50 Heritage Drive.
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