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Monmouth 07748
65 Pelican Road
$819,000
● House - Off Market

65 Pelican Road

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,236 Ft²
$877,792
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Quintessential center hall colonial located in the desirable Oak Hill section of Middletown. Situated on a large lot, this home features a spacious living room boasting built-ins and a fireplace. Eat-in kitchen with pantry, center island and plenty of cabinet and counter space. Formal dining room as well as family room with slider leading to deck with awning overlooking a park-like setting and in-ground pool. Master suite feature full bathroom with walk-in closet, soaking jetted tub and shower stall. Remaining bedroom are a generous size. Finished basement for additional living space. Two car garage and attic for storage. Located within close proximity to the New Jersey transit train. Put this on your must see list!
Unit Size
2,236 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$380
Property Type
House
Property Taxes
$936
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22215106)

Price History

Date / Event Date Event Price
Aug 26, 2022 Sold
Premium
Sold
May 19, 2022 Listed by Weichert Realtors-Middletown $849,000
Listed by Weichert Realtors-Middletown

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 3
  • Basement Area: 988
  • Garage Type: 1
  • Garage Square Area: 536
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 23,400
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 2,236
  • Building Area: 2,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,236
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000537
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801200

Zoning

  • Zoning: R30

Geography

  • Assessors Map Reference: TAX MAP 190
  • Account Number: 835
  • District: 32
  • Parcel: 32 00852-0000-00010
  • Block: 852
  • Lot: 10
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3744
  • Longitude: -74.1253

    Address

  • Full Address: 65 Pelican Rd
  • Address - House Number: 65
  • Address - Street Name: Pelican
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C021
  • 4-Digit Zip Code: 3237
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,392,312

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 857,655
  • High Value: 1,018,900
  • Low Value: 696,410

    Market Valuation

  • Market Total Value: $801,100
  • Market Land Value: $452,100
  • Market Improvement Value: $349,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $801,100
  • Assessed Land Value: $452,100
  • Assessed Improvements Value: $349,000

    Sales

  • Current Sale Contract Date: Aug 26, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 91806
  • Previous Sale Recording Date: Jan 05, 1998
  • Previous Sale Contract Date: Dec 29, 1997
  • Previous Sale Amount: $272,500
  • 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:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1993 ft²

Average Home Age

45.2 years

Currently For Sale

1816 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 89 Middletown Road, Holmdel, NJ, 07733

$2,500 /mo

  • 1 Bed
  • 1 Bath
89 Middletown Road #REAR, Holmdel, NJ, 07733 Listing by Peter Maneri

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michael Smith, Weichert Realtors-Middletown
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22215106
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 65 Pelican Road built and last sold?
The property at 65 Pelican Road was built in 1962 and last sold on Aug 26, 2022 for $819,000.
How much is this home worth?
The estimated value of the home located at 65 Pelican Road is $0.
What are some comparable homes to 65 Pelican Road?
There are currently no comparable homes to 65 Pelican Road.
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