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Monmouth 07731
7 Ferdinand Lane
$90,000
● House - Off Market

7 Ferdinand Lane

Howell, NJ 07731
bedrooms
2 Beds
bathrooms
1 Bath
$1,255
Est. Monthly
$789
HOA / Fees
23.53%
Cap Rate

About This Property

OAK HILL Affordable 2 bedroom home. Dining area, laundry. Side deck. Fenced yard is a  great feature for dog owners. Driveway offers parking for 2 cars. Storage Shed. Gas stove  gas heat. Appliances  included. This quiet community is Not an age restricted community but owner occupant only.  Sidewalks, Playground, Clubhouse. Convenient  to Rt 9 for shopping,  IBC fellowship, and 198 for commuters. Owner Occupant ONLY. No rentals.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$789
Year Built
2019

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 #22434875)

Price History

Date / Event Date Event Price
Feb 26, 2025 Sold
Premium
Sold
Jan 17, 2025 In contract -
In contract
Jan 5, 2025 Price Decreased $94,900
↓ $4K (4.1%)
Price Decreased
Dec 10, 2024 Listed by Nelson Realtors $99,000
Listed by Nelson Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,749
  • Total Building Area: 2,770
  • Building Area: 2,770
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,770
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811301

Geography

  • Account Number: 04650181
  • District: 21
  • Parcel: 21 00109- 01-00181
  • Block: 109.01
  • Lot: 181
  • Municipality: HOWELL TWP
  • Latitude: 40.1806
  • Longitude: -74.2645

    Address

  • Full Address: 7 Festival Ct
  • Address - House Number: 7
  • Address - Street Name: Festival
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Howell
  • Carrier Code: C005
  • 4-Digit Zip Code: 4034
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,216,817

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 787,093
  • High Value: 926,833
  • Low Value: 647,354

    Market Valuation

  • Market Total Value: $653,500
  • Market Land Value: $243,500
  • Market Improvement Value: $410,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $653,500
  • Assessed Land Value: $243,500
  • Assessed Improvements Value: $410,000

    Sales

  • Current Sale Contract Date: Jan 24, 2020
  • Current Sale Recording Date: Jan 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020010403
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:

$740,000

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

70

Average Home Size

2016 ft²

Average Home Age

45.5 years

Currently For Sale

1759 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 1477 Route 9, Howell, NJ, 07731

$2,700 /mo

  • 3 Beds
  • 1 Bath
1477 Route 9, Howell, NJ, 07731 Listing by Gary Orlando

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Cindy Nelson, Nelson Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22434875
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 Ferdinand Lane built and last sold?
The property at 7 Ferdinand Lane was built in 2019 and last sold on Jan 24, 2020 for $539,178.
How much is this home worth?
The estimated value of the home located at 7 Ferdinand Lane is $0.
What are some comparable homes to 7 Ferdinand Lane?
There are currently no comparable homes to 7 Ferdinand Lane.
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