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Fair Haven 07704 Fair Haven
59 3rd Street
$1,300,000
● House - Off Market

59 3rd Street

Fair Haven, NJ 07704
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,646 Ft²
$7,548
Est. Monthly
3.40%
Cap Rate

About This Property

Classic Fair Haven Colonial built in 2019, offering like-new construction and timeless charm. This 4-bedroom, 2.5-bath home features an open-concept layout, eat-in kitchen with stainless steel appliances, spacious bedrooms, and a large unfinished basement with high ceilings. Enjoy outdoor living on the front porch or rear deck overlooking the private, fenced-in yard. Additional highlights include a newly built garage with heat and electric, second-floor laundry room, and underground sprinklers. Ideally located near top-rated schools, parks, downtown shops, and dining. Minutes to NYC ferry, Red Bank train station, beaches, and the GSP. Move-in ready in one of Monmouth County's most desirable towns!
Unit Size
2,646 Ft²
Days on Market
30 days
Land Size
0.17 acres
Price per sqft
$482
Property Type
House
Property Taxes
$1,287
HOA Dues
-
Year Built
2019

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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 #22522403)

Price History

Date / Event Date Event Price
Oct 10, 2025 Sold
Premium
Sold
Sep 14, 2025 In contract -
In contract
Sep 11, 2025 Relisted $1,275,000
Relisted
Aug 24, 2025 In contract -
In contract
Jul 26, 2025 Listed by RE/MAX Select $1,275,000
Listed by RE/MAX Select
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 7,217
  • Lot Size Depth Feet: 1,415
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,646
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Fair Haven Borough School District
  • Census Tract: 803700

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 6
  • District: 14
  • Parcel: 14 00038-0000-00004- 04
  • Block: 38
  • Lot: 4.04
  • Municipality: FAIR HAVEN BORO
  • Latitude: 40.3584
  • Longitude: -74.0397

    Address

  • Full Address: 59 3rd St
  • Address - House Number: 59
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Fair Haven
  • Carrier Code: C018
  • 4-Digit Zip Code: 3234
  • Zip Code: 07704

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,548,501

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,151,814
  • High Value: 1,343,828
  • Low Value: 959,801

    Market Valuation

  • Market Total Value: $983,800
  • Market Land Value: $383,000
  • Market Improvement Value: $600,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $983,800
  • Assessed Land Value: $383,000
  • Assessed Improvements Value: $600,800

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 50474
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 Fair Haven

Stats & Trends

Median Asking:

$1,499,900

Sale Price/ft²

$741

Above Asking

0.00%

Average Days on Market

51

Average Home Size

1801 ft²

Average Home Age

23 years

Currently For Sale

4 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 9 Wharf Avenue, Red Bank, NJ, 07701

$4,700 /mo

  • 2 Beds
  • 2 Baths
9 Wharf Avenue #2, Red Bank, NJ, 07701 Listing by Jo Ann Davenport
Unit for rent at 32 1st Street, Rumson, NJ, 07760

$5,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,056 ft²
32 1st Street, Rumson, NJ, 07760 Listing by Erin Hughes

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Danielle Coyle, RE/MAX Select
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22522403
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 59 3rd Street built and last sold?
The property at 59 3rd Street was built in 2019 and last sold on May 3, 2022 for $995,000.
How much is this home worth?
The estimated value of the home located at 59 3rd Street is $1,359,763.
What are some comparable homes to 59 3rd Street?
There are currently no comparable homes to 59 3rd Street.
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