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Monmouth
6 Barbary Lane
$722,000
● House - Off Market

6 Barbary Lane

Colts Neck, NJ 07722
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,037 Ft²
$763,067
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This beautiful home is nestled in a serene and quiet neighborhood of prestigious Colts Neck. Pull up to the over-sized driveway where you will be greeted with a generous corner lot and a brick paver walkway. This warm and inviting home offers bright and spacious rooms, hardwood flooring, two wood burning fireplaces and decorative molding. Four considerable bedrooms, one located on the main floor, and two and a half bathrooms. A bonus room that would lend well to a variety of uses has a private entrance located above the garage. Step outside to your park like backyard surrounded by mature trees for the utmost privacy.
Unit Size
2,037 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$368
Property Type
House
Property Taxes
$776
HOA Dues
-
Year Built
1966

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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 #22304879)

Price History

Date / Event Date Event Price
Apr 17, 2023 Sold
Premium
Sold
Feb 23, 2023 Listed by RE/MAX Realty 9 $750,000
Listed by RE/MAX Realty 9

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,640
  • Total Building Area: 2,037
  • Building Area: 2,037
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,037
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINAL PLAT OF HEDGEFIELD SECTION #1
  • Land Acres: 0000000910
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Colts Neck Township School District
  • Census Tract: 809902

Zoning

  • Zoning: SF80

Geography

  • District: 10
  • Parcel: 10 00040- 01-00007
  • Block: 40.01
  • Lot: 7
  • Municipality: COLTS NECK TOWNSHIP
  • Latitude: 40.3108
  • Longitude: -74.1175

    Address

  • Full Address: 6 Barbary Ln
  • Address - House Number: 6
  • Address - Street Name: Barbary
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Colts Neck
  • Carrier Code: R085
  • 4-Digit Zip Code: 1521
  • Zip Code: 07722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $979,969

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 793,637
  • High Value: 942,891
  • Low Value: 644,383

    Market Valuation

  • Market Total Value: $629,800
  • Market Land Value: $345,500
  • Market Improvement Value: $284,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $629,800
  • Assessed Land Value: $345,500
  • Assessed Improvements Value: $284,300

    Exemptions

  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 12, 2023
  • Current Sale Recording Date: Apr 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 28069
  • Previous Sale Recording Date: Jun 08, 2010
  • Previous Sale Contract Date: Jun 04, 2010
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: 12
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

$384

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1937 ft²

Average Home Age

45.5 years

Currently For Sale

1881 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: Meghan Anderson, RE/MAX Realty 9
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22304879
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 6 Barbary Lane built and last sold?
The property at 6 Barbary Lane was built in 1966 and last sold on Apr 12, 2023 for $722,089.
How much is this home worth?
The estimated value of the home located at 6 Barbary Lane is $0.
What are some comparable homes to 6 Barbary Lane?
There are currently no comparable homes to 6 Barbary Lane.
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