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Monmouth 07748
56 Heights Terrace
$515,000
● House - Off Market

56 Heights Terrace

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,416 Ft²
$757,763
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

This could be your next home! Located in the Twinbrooks community, featuring 4 bedrooms, 3 full baths, updated kitchen with stainless steel appliances, formal dining room, and bright living room with bay windows. Large master bedroom features full bath and walk in closet. Spacious family room with wood burning fireplace overlooking your private yard with in-ground pool. 2 car attached garage offers plenty of storage.  Located near shopping, transportation to NYC and beaches.
Unit Size
2,416 Ft²
Days on Market
-
Land Size
-
Price per sqft
$217
Property Type
House
Property Taxes
$895
HOA Dues
-
Year Built
1963

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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 #21940990)

Price History

Date / Event Date Event Price
Feb 3, 2020 Sold
Premium
Sold
Oct 7, 2019 Listed by C21 Thomson & Co. $524,900
Listed by C21 Thomson & Co.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 33,250
  • Lot Size Depth Feet: 2,660
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,416
  • Building Area: 2,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,416
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000763
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801000

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 163
  • Account Number: 1380
  • District: 32
  • Parcel: 32 00869-0000-00068
  • Block: 869
  • Lot: 68
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3842
  • Longitude: -74.1021

    Address

  • Full Address: 56 Heights Ter
  • Address - House Number: 56
  • Address - Street Name: Heights
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C012
  • 4-Digit Zip Code: 3423
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,030,286

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 760,511
  • High Value: 886,053
  • Low Value: 634,968

    Market Valuation

  • Market Total Value: $592,800
  • Market Land Value: $322,600
  • Market Improvement Value: $270,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $592,800
  • Assessed Land Value: $322,600
  • Assessed Improvements Value: $270,200

    Sales

  • Current Sale Contract Date: Jan 22, 2020
  • Current Sale Recording Date: Feb 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020015109
  • Previous Sale Recording Date: Jun 18, 1999
  • Previous Sale Contract Date: Jun 15, 1999
  • Previous Sale Amount: $268,500
  • 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:

$739,999

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2005 ft²

Average Home Age

45.6 years

Currently For Sale

1838 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 122-2g Bodman Place, Red Bank, NJ, 07701

$3,950 /mo

  • 2 Beds
  • 2 Baths
122-2g Bodman Place #2G, Red Bank, NJ, 07701 Listing by Joan S Picone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Laura Tendler, C21 Thomson & Co.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21940990
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 56 Heights Terrace built and last sold?
The property at 56 Heights Terrace was built in 1963 and last sold on Jan 22, 2020 for $515,000.
How much is this home worth?
The estimated value of the home located at 56 Heights Terrace is $552,159.
What are some comparable homes to 56 Heights Terrace?
There are currently no comparable homes to 56 Heights Terrace.
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