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Monmouth 07737
7 Flomar Avenue
$787,000
● House - Off Market

7 Flomar Avenue

Middletown, NJ 07737
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,700 Ft²
$876,363
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Be ready to be WOWED!! Welcome to the smartest house on the block! Featuring a Home system for easy living; surround sound, lights & energy efficient w/ temperature control & a full house generator. The minute you step into this sunny custom home you feel the quality of craftsmanship. This 4 BR 3.5 BA home w/ 1000 sq ft finished basement & Gourmet chef's kitchen w/ custom cabinetry, top of the line appliances & granite counters w/ breakfast bar seating all open to dining area & stunning family room. The Master bedroom has 2 large walk in closets, ensuite w/ bay window settee. Bonus space outside, used as an office, could be a cabana/workroom/gym leading to a 2 car garage. Perfect backyard to entertain, complete w/outdoor kitchen, fire pit, & play area~Middletown South HS, &close to beach~
Unit Size
2,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1935

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 #22110889)

Price History

Date / Event Date Event Price
Jun 29, 2021 Sold
Premium
Sold
Apr 12, 2021 Listed by Resources Real Estate $749,000
Listed by Resources Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • 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: 9
  • Basement Area: 1,092
  • Garage Type: 7
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,000
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,260
  • Building Area: 2,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: 114000

Geography

  • Assessors Map Reference: TAX MAP 42
  • Account Number: Mar 01, 2006
  • District: 32
  • Parcel: 32 00446-0000-00005
  • Block: 446
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4133
  • Longitude: -74.0641

    Address

  • Full Address: 7 Flomar Ave
  • Address - House Number: 7
  • Address - Street Name: Flomar
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C004
  • 4-Digit Zip Code: 1303
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,334,263

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 857,563
  • High Value: 1,020,593
  • Low Value: 694,533

    Market Valuation

  • Market Total Value: $767,700
  • Market Land Value: $278,700
  • Market Improvement Value: $489,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $767,700
  • Assessed Land Value: $278,700
  • Assessed Improvements Value: $489,000

    Sales

  • Current Sale Contract Date: Jul 06, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021104975
  • Previous Sale Recording Date: Jan 17, 2007
  • Previous Sale Contract Date: Dec 20, 2006
  • 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

1949 ft²

Average Home Age

45.1 years

Currently For Sale

2738 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 10 Ocean Boulevard, Atlantic Highlands, NJ, 07716

$4,200 /mo

  • 2 Beds
  • 2 Baths
  • 920 ft²
10 Ocean Boulevard #8H, Atlantic Highlands, NJ, 07716 Listing by Lisa Musillo
Unit for rent at 1 Central Avenue, Atlantic Highlands, NJ, 07716

$3,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,645 ft²
1 Central Avenue #20, Atlantic Highlands, NJ, 07716 Listing by Renee Astacio

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Suzanne Presti, Resources Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22110889
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 Flomar Avenue built and last sold?
The property at 7 Flomar Avenue was built in 1935 and last sold on Jul 6, 2021 for $787,000.
How much is this home worth?
The estimated value of the home located at 7 Flomar Avenue is $0.
What are some comparable homes to 7 Flomar Avenue?
There are currently no comparable homes to 7 Flomar Avenue.
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