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Monmouth 07731
7 Alden Terrace
$525,000
● House - Off Market

7 Alden Terrace

Howell, NJ 07731
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,596 Ft²
$3,034
Est. Monthly
7.02%
Cap Rate

About This Property

Charming 3 bedroom colonial with attached garage in Friendship Estates, a family friendly neighborhood in Howell.  Close to all major shopping and major roadways.  This gem features a spacious fenced yard, perfect for gatherings! A little TLC will transform this home into your dream haven.   Plus, enjoy peace of mind with a 1 Year home warranty covering major systems.  Your ideal family home awaits!
Unit Size
1,596 Ft²
Days on Market
90 days
Land Size
0.19 acres
Price per sqft
$310
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1983

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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 #22331915)

Price History

Date / Event Date Event Price
Feb 15, 2024 Sold
Premium
Sold
Nov 16, 2023 Listed by Coldwell Banker Realty $495,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811303

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 4.50
  • Account Number: 218130
  • District: 21
  • Parcel: 21 00084- 18-00013
  • Block: 84.18
  • Lot: 13
  • Municipality: HOWELL TWP
  • Latitude: 40.1378
  • Longitude: -74.2422

    Address

  • Full Address: 7 Alden Ter
  • Address - House Number: 7
  • Address - Street Name: Alden
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Howell
  • Carrier Code: C024
  • 4-Digit Zip Code: 1569
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $873,553

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 540,852
  • High Value: 646,499
  • Low Value: 435,204

    Market Valuation

  • Market Total Value: $469,400
  • Market Land Value: $284,500
  • Market Improvement Value: $184,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $469,400
  • Assessed Land Value: $284,500
  • Assessed Improvements Value: $184,900

    Sales

  • Current Sale Contract Date: Feb 14, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11278
  • Previous Sale Recording Date: Sep 17, 2003
  • Previous Sale Contract Date: Aug 11, 2003
  • Previous Sale Amount: $260,000
  • 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:

$744,900

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2020 ft²

Average Home Age

45.2 years

Currently For Sale

1809 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 69 Forest Drive, Jackson, NJ, 08527

$3,450 /mo

  • 5 Beds
  • 2 Baths
69 Forest Drive, Jackson, NJ, 08527 Listing by Efrayim Lax

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Raffaele Marino, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22331915
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 7 Alden Terrace built and last sold?
The property at 7 Alden Terrace was built in 1983 and last sold on Feb 14, 2024 for $525,000.
How much is this home worth?
The estimated value of the home located at 7 Alden Terrace is $0.
What are some comparable homes to 7 Alden Terrace?
There are currently no comparable homes to 7 Alden Terrace.
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