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Ocean 08759
503 Hemlock Lane
$655,000
● House - Off Market

503 Hemlock Lane

Manchester, NJ 08759
bedrooms
4 Beds
bathrooms
2 Baths
$623,799
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Welcome to this one of a kind, stunning home, completely up to date with the latest and greatest. Situated on a beautiful and private cul-de-sac this home is part of an amazing community yet privacy abounds! State of the art kitchen, with brand new stainless steel appliances, extra large deep sinks, and an additional cooking range. Tremendous dining room and living room with beautiful lighting plus a great office on the first floor! New FULL bathroom on the main floor as well. Very large unfinished basement. Huge fenced in backyard! Head upstairs to four bedrooms and an additional bathroom. Holly oaks' greatest treasure! There is nothing else like it in the area! *NEW ROOF *BRAND NEW KITCHEN *2 NEW HVAC SYSTEMS *NEW SIDING *NEW GUTTERS *NEW ELECTRIC PANEL *PAVERS IN THE BACKYARD

Call to schedule your showing today!
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1976

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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: 3 years ago (MOMLS #22310079)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 17, 2023 Listed by HomeSmart First Advantage $619,000
Listed by HomeSmart First Advantage

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,025
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,781
  • Building Area: 1,781
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,781
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720206

Zoning

  • Zoning: R10A

Geography

  • Assessors Map Reference: TAX MAP 2.01
  • Account Number: 5315
  • District: 19
  • Parcel: 19 00060- 13-00001
  • Block: 60.13
  • Lot: 1
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0329
  • Longitude: -74.2621

    Address

  • Full Address: 503 Hemlock Ln
  • Address - House Number: 503
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Manchester
  • Carrier Code: C021
  • 4-Digit Zip Code: 6115
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $555,079

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 448,028
  • High Value: 534,720
  • Low Value: 361,336

    Market Valuation

  • Market Total Value: $250,600
  • Market Land Value: $86,500
  • Market Improvement Value: $164,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,600
  • Assessed Land Value: $86,500
  • Assessed Improvements Value: $164,100

    Sales

  • Current Sale Contract Date: May 29, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 40771
  • Previous Sale Recording Date: Feb 02, 2023
  • Previous Sale Contract Date: Jan 13, 2023
  • Previous Sale Amount: $350,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1589 ft²

Average Home Age

35.2 years

Currently For Sale

3036 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

Rentals Near You

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MOMMLS

Listed by: Devora Munk, HomeSmart First Advantage
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22310079
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 503 Hemlock Lane built and last sold?
The property at 503 Hemlock Lane was built in 1976 and last sold on May 29, 2023 for $655,000.
How much is this home worth?
The estimated value of the home located at 503 Hemlock Lane is $0.
What are some comparable homes to 503 Hemlock Lane?
There are currently no comparable homes to 503 Hemlock Lane.
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