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Monmouth 07748
6 Raphael Place
$429,000
● House - Off Market

6 Raphael Place

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,850 Ft²
$629,023
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Welcome to this 4 bedroom, 2 and 1/2 bath home in the Harmony section of Middletown. Enter to find a large sunlit living room, formal dining room, and eat in kitchen with direct access to large backyard. Family room also includes direct access to yard with patio - perfect for entertaining and plenty of room to play! Third floor has Master bedroom with en-suite bath and three additional bedrooms. Hardwood flooring under all bedroom carpets. Additional features include well maintained landscaping, and a two car garage with direct access through laundry room. Close to Jersey Shore beaches, NYC commuting, and local shopping.
Unit Size
1,850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$232
Property Type
House
Property Taxes
$621
HOA Dues
-
Year Built
1961

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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: 3 years ago (MOMLS #21923136)

Price History

Date / Event Date Event Price
Aug 28, 2019 Sold
Premium
Sold
Jun 4, 2019 Listed by C21 Thomson & Co. $429,000
Listed by C21 Thomson & Co.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,400
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800701

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: 8-4-2.5
  • District: 32
  • Parcel: 32 00560-0000-00012
  • Block: 560
  • Lot: 12
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4194
  • Longitude: -74.1154

    Address

  • Full Address: 6 Raphael Pl
  • Address - House Number: 6
  • Address - Street Name: Raphael
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1452
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $911,233

    Appraisal Valuation

  • Standard Deviation: 0.1662
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 661,047
  • High Value: 770,968
  • Low Value: 551,126

    Market Valuation

  • Market Total Value: $524,300
  • Market Land Value: $296,100
  • Market Improvement Value: $228,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $524,300
  • Assessed Land Value: $296,100
  • Assessed Improvements Value: $228,200

    Sales

  • Current Sale Contract Date: Oct 09, 2019
  • Current Sale Recording Date: Oct 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019096585
  • Previous Sale Recording Date: May 31, 2011
  • Previous Sale Contract Date: May 18, 2011
  • Previous Sale Amount: $335,000
  • 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:

$724,900

Sale Price/ft²

$383

Above Asking

0.55%

Average Days on Market

63

Average Home Size

1952 ft²

Average Home Age

44.9 years

Currently For Sale

2906 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 156 Main Street, Port Monmouth, NJ, 07758

$4,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,474 ft²
156 Main Street, Port Monmouth, NJ, 07758 Listing by Amy Neff
Unit for rent at 12 Persimmon Lane, Holmdel, NJ, 07733

$4,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,064 ft²
12 Persimmon Lane, Holmdel, NJ, 07733 Listing by Denise Ripnick

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Ann Mattos, C21 Thomson & Co.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21923136
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 Raphael Place built and last sold?
The property at 6 Raphael Place was built in 1961 and last sold on Oct 9, 2019 for $429,000.
How much is this home worth?
The estimated value of the home located at 6 Raphael Place is $0.
What are some comparable homes to 6 Raphael Place?
There are currently no comparable homes to 6 Raphael Place.
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