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Monmouth 07718
651 Hopping Road
$700,000
● House - Off Market

651 Hopping Road

Belford, NJ 07718
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$3,978
Est. Monthly
5.75%
Cap Rate

About This Property

Must see this STUNNING renovation in the Belford area of Middletown.  This expanded ranch offers 4 bedrooms and 2 brand new full baths.  Brand new kitchen, flooring, fixtures, trex deck, black stainless appliances plus brand new stackable washer/dryer.  Inground sprinklers
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$453
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1954

Payment Calculator

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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 #22431546)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Nov 26, 2024 In contract -
In contract
Nov 1, 2024 Listed by C21 Thomson & Co. $679,000
Listed by C21 Thomson & Co.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • 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: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,488
  • 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

Neighborhood

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

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 57
  • Account Number: Apr 02, 2008
  • District: 32
  • Parcel: 32 00656-0000-00065
  • Block: 656
  • Lot: 65
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4098
  • Longitude: -74.0882

    Address

  • Full Address: 651 Hopping Rd
  • Address - House Number: 651
  • Address - Street Name: Hopping
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Belford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1104
  • Zip Code: 07718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $772,541

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 541,749
  • High Value: 637,931
  • Low Value: 445,568

    Market Valuation

  • Market Total Value: $444,500
  • Market Land Value: $276,000
  • Market Improvement Value: $168,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $444,500
  • Assessed Land Value: $276,000
  • Assessed Improvements Value: $168,500
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

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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: Maureen Yetman, C21 Thomson & Co.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22431546
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 651 Hopping Road built and last sold?
The property at 651 Hopping Road was built in 1954 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 651 Hopping Road is $681,604.
What are some comparable homes to 651 Hopping Road?
There are currently no comparable homes to 651 Hopping Road.
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