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Monmouth 07760
538 Locust Point Road
$3,900,000
● House - Off Market

538 Locust Point Road

Rumson, NJ 07760
bedrooms
6 Beds
bathrooms
4 Baths
$21,063
Est. Monthly
0.80%
Cap Rate

About This Property

Private and secluded farm w/ farm tax assessment. Perfect opportunity to own and operate farm while building your dream home and compound! Plenty of privacy, property has stream and backs up to Huber Woods.
Unit Size
-
Days on Market
59 days
Land Size
10.60 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,913
HOA Dues
-
Year Built
-

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: 11 months ago (MOMLS #22528797)

Price History

Date / Event Date Event Price
Nov 20, 2025 Sold
Premium
Sold
Oct 4, 2025 In contract -
In contract
Sep 22, 2025 Listed by Hawes & McAfee, Inc. $3,900,000
Listed by Hawes & McAfee, Inc.
Mar 22, 2021 No longer available -
No longer available
Sep 17, 2019 Listed $6,500,000
Listed
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 392,040
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000009000
  • Standard Land Use Code: 7001
  • County Land Use Code: 3B

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800900

Zoning

  • Zoning: R220

Geography

  • Assessors Map Reference: TAX MAP 139
  • District: 32
  • Parcel: 32 00840-0000-00025-0000-QFARM
  • Block: 840
  • Lot: 25
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3933
  • Longitude: -74.0289

    Address

  • Full Address: 538 Locust Point Rd
  • Address - House Number: 538
  • Address - Street Name: Locust Point
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Rumson
  • Carrier Code: C010
  • 4-Digit Zip Code: 2366
  • Zip Code: 07760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,211

    Market Valuation

  • Market Total Value: $4,883
  • Market Land Value: $4,883

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,300
  • Assessed Land Value: $5,300
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:

$725,000

Sale Price/ft²

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1948 ft²

Average Home Age

45.1 years

Currently For Sale

2748 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 16 Browns Lane, Atlantic Highlands, NJ, 07716

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor
Unit for rent at 25 Brittany Court, ATLANTIC HIGHLANDS, NJ, 07716

$4,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,170 ft²
25 Brittany Court, ATLANTIC HIGHLANDS, NJ, 07716 Listing by Stefanie R Prettyman

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Munroe C Hawes, Hawes & McAfee, Inc.
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 22528797
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 538 Locust Point Road built and last sold?
The property at 538 Locust Point Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 538 Locust Point Road is $0.
What are some comparable homes to 538 Locust Point Road?
There are currently no comparable homes to 538 Locust Point Road.
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