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Monmouth
7 Elm Avenue
$294,500
● House - Off Market

7 Elm Avenue

Hazlet, NJ 07730
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$428,860
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

TERRIFIC OPPORTUNITY TO PURCHASE THIS FOUR BEDROOM WOODLAND PARK HOME. NEW WOOD FLOORS INSTALLED ON THE FIRST LEVEL. NEW KITCHEN WITH GRANITE COUNTER AND WHITE CABINETRY. UPDATED LOWER LEVEL BATH. FIRST LEVEL FRESHLY PAINTED. WINDOWS HAVE BEEN REPLACED. WONDERFUL COMMUTER LOCATION WITH EASY ACCESS TO ALL FORMS OF NYC TRANSPORTATION.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
1963

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 #22003758)

Price History

Date / Event Date Event Price
Mar 9, 2020 Sold
Premium
Sold
Jan 29, 2020 Listed by RE/MAX The Real Estate Leaders $299,900
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • 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: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,321
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Hazlet Township School District
  • Census Tract: 802100

Zoning

  • Zoning: R70

Geography

  • Assessors Map Reference: TAX MAP 47
  • Account Number: 012922
  • District: 18
  • Parcel: 18 00077-0000-00004
  • Block: 77
  • Lot: 4
  • Municipality: HAZLET TWP
  • Latitude: 40.4349
  • Longitude: -74.1666

    Address

  • Full Address: 7 Elm Ave
  • Address - House Number: 7
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C005
  • 4-Digit Zip Code: 2114
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $856,937

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 476,228
  • High Value: 570,297
  • Low Value: 382,159

    Market Valuation

  • Market Total Value: $401,000
  • Market Land Value: $276,000
  • Market Improvement Value: $125,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,000
  • Assessed Land Value: $276,000
  • Assessed Improvements Value: $125,000

    Sales

  • Current Sale Contract Date: Mar 09, 2020
  • Current Sale Recording Date: Apr 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020034656
  • Previous Sale Recording Date: Jun 18, 1969
  • Previous Sale Contract Date: Jun 18, 1969
  • Previous Sale Amount: $18,000
  • 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:

$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 450 Beachway Avenue, Keansburg, NJ, 07734

$4,500 /mo

  • 3 Beds
  • 3 Baths
450 Beachway Avenue, Keansburg, NJ, 07734 Listing by Moataz Ghounem
Unit for rent at 19 Gregory Street, Hazlet, NJ, 07730

$4,250 /mo

  • 4 Beds
  • 2 Baths
19 Gregory Street, Hazlet, NJ, 07730 Listing by DEBORAH F. RATCLIFF

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jeffrey Dispenza, RE/MAX The Real Estate Leaders
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22003758
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 Elm Avenue built and last sold?
The property at 7 Elm Avenue was built in 1963 and last sold on Mar 9, 2020 for $294,500.
How much is this home worth?
The estimated value of the home located at 7 Elm Avenue is $0.
What are some comparable homes to 7 Elm Avenue?
There are currently no comparable homes to 7 Elm Avenue.
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