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Monmouth 07718
616 Sumner Avenue
$427,000
● House - Off Market

616 Sumner Avenue

Belford, NJ 07718
bedrooms
4 Beds
bathrooms
3 Baths
$533,540
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Welcome Home! This well loved 4 bedroom, 3 full bath home with a fenced in back yard, and one car garage is located in one the most desirable neighborhoods in Middletown. From the  minute you enter the foyer & leading to an open concept den, kitchen dining area and great room with recently wood stained floors, you feel at home! In addition to on the first level there is a full bath and another room that could function as a bedroom or an office. Upstairs is just as spacious with a large master bedroom, master ensuite and walk in closet. Two other bedrooms on the second level are large with so much natural light through the  windows and another full bath. Close to Red Bank, the beach, NYC Commuting and shopping.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$721
HOA Dues
-
Year Built
1954

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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 #22028162)

Price History

Date / Event Date Event Price
Oct 19, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by Resources Real Estate $399,000
Listed by Resources Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,842
  • Building Area: 1,842
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,842
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: T/A:EXPIRES 12/12

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800800

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 55
  • Account Number: Mar 01, 2005
  • District: 32
  • Parcel: 32 00652-0000-00017
  • Block: 652
  • Lot: 17
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4115
  • Longitude: -74.091

    Address

  • Full Address: 616 Sumner Ave
  • Address - House Number: 616
  • Address - Street Name: Sumner
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Belford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1137
  • Zip Code: 07718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $954,336

    Appraisal Valuation

  • Standard Deviation: 0.235
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 580,128
  • High Value: 716,506
  • Low Value: 443,750

    Market Valuation

  • Market Total Value: $549,100
  • Market Land Value: $276,000
  • Market Improvement Value: $273,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $549,100
  • Assessed Land Value: $276,000
  • Assessed Improvements Value: $273,100

    Sales

  • Current Sale Contract Date: Oct 17, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020141128
  • Previous Sale Recording Date: Jan 06, 2003
  • Previous Sale Contract Date: Dec 09, 2002
  • Previous Sale Amount: $235,500
  • 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:

$725,000

Sale Price/ft²

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1950 ft²

Average Home Age

45 years

Currently For Sale

2739 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Irene Zitzner, Resources Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22028162
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 616 Sumner Avenue built and last sold?
The property at 616 Sumner Avenue was built in 1954 and last sold on Oct 17, 2020 for $427,000.
How much is this home worth?
The estimated value of the home located at 616 Sumner Avenue is $0.
What are some comparable homes to 616 Sumner Avenue?
There are currently no comparable homes to 616 Sumner Avenue.
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