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Monmouth 07701
511 Buchanan Boulevard
$930,000
● House - Off Market

511 Buchanan Boulevard

Red Bank, NJ 07701
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,885 Ft²
$978,174
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Welcome to one of Middletown's most sought after neighborhoods – Woodlake Heights! This beautiful colonial is situated on a parklike setting backing to Green Acres. This home features 4 Bedrooms / 2.5 Baths / 2 Car Garage & Full Finished Basement. 1st Level features great space for entertaining / everyday living with all season sunroom filled with natural light that overlooks the property. Backyard is ideal for entertaining complete with huge deck, inground pool & 6 person hot tub. River Plaza Elementary, Thompson Middle and Middletown South High Schools. Just minutes to Downtown Red Bank, Dining, Shopping, GSP, fast ferry & of course the beach!  Additional features include walkup attic, basement workshop & half house generator.
Unit Size
2,885 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$329
Property Type
House
Property Taxes
$1,156
HOA Dues
-
Year Built
1980

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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 #22136627)

Price History

Date / Event Date Event Price
Mar 1, 2022 Sold
Premium
Sold
Nov 12, 2021 Listed by EXP Realty $949,900
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 3
  • Basement Area: 1,318
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 16,536
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 2,885
  • Building Area: 2,885
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,885
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801300

Zoning

  • Zoning: R30

Geography

  • Assessors Map Reference: TAX MAP 245
  • District: 32
  • Parcel: 32 01007-0000-00036
  • Block: 1007
  • Lot: 36
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3549
  • Longitude: -74.0992

    Address

  • Full Address: 511 Buchanan Blvd
  • Address - House Number: 511
  • Address - Street Name: Buchanan
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Red Bank
  • Carrier Code: C029
  • 4-Digit Zip Code: 5321
  • Zip Code: 07701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,515,188

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 1,043,964
  • High Value: 1,239,764
  • Low Value: 848,164

    Market Valuation

  • Market Total Value: $871,800
  • Market Land Value: $349,100
  • Market Improvement Value: $522,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $871,800
  • Assessed Land Value: $349,100
  • Assessed Improvements Value: $522,700

    Sales

  • Current Sale Contract Date: Mar 01, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 28623
  • Previous Sale Recording Date: May 29, 1998
  • Previous Sale Contract Date: May 28, 1998
  • Previous Sale Amount: $345,000
  • 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:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1970 ft²

Average Home Age

45.6 years

Currently For Sale

1830 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 122-3a Bodman Place, Red Bank, NJ, 07701

$3,950 /mo

  • 2 Beds
  • 2 Baths
122-3a Bodman Place, Red Bank, NJ, 07701 Listing by Joan S Picone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christian Giamanco, EXP Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22136627
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 511 Buchanan Boulevard built and last sold?
The property at 511 Buchanan Boulevard was built in 1980 and last sold on Mar 1, 2022 for $930,000.
How much is this home worth?
The estimated value of the home located at 511 Buchanan Boulevard is $969,362.
What are some comparable homes to 511 Buchanan Boulevard?
There are currently no comparable homes to 511 Buchanan Boulevard.
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