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Monmouth
7 Hemingway Drive
$395,000
● House - Off Market

7 Hemingway Drive

Hazlet, NJ 07730
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,025 Ft²
$519,298
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

OPPORTUNITY IS KNOCKING. WONDERFUL CUSTOM HOME LOCATED IN HIGHLY ''SOUGHT AFTER'' WOODLAND PARK. SPACIOUS ROOMS THAT FLOW NICELY OFFERS MASTER BEDROOM OPTIONS ON BOTH FIRST AND SECOND LEVELS. HUGE FAMILY ROOM ADDITION WITH RECESSED LIGHTS AND FRENCH DOOR TO YARD. EAT IN KITCHEN WITH PLENTY OF CABINETS. MULTI ZONE HEATING AND AIR CENTRAL AIR. TANK LESS HOT WATER HEATER. PLENTY OF ATTIC STORAGE AND CLOSET SPACE. THIS LARGE HOME OFFERS OVER 2,000 SQ FT OF LIVING SPACE AND SHOULD NOT BE MISSED.
Unit Size
2,025 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$197
Property Type
House
Property Taxes
$744
HOA Dues
-
Year Built
1964

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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 #22038117)

Price History

Date / Event Date Event Price
Jan 19, 2021 Sold
Premium
Sold
Oct 22, 2020 Listed by RE/MAX The Real Estate Leaders $399,900
Listed by RE/MAX The Real Estate Leaders

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,401
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,025
  • Building Area: 2,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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 45
  • Account Number: 010421
  • District: 18
  • Parcel: 18 00068- 04-00005
  • Block: 68.04
  • Lot: 5
  • Municipality: HAZLET TWP
  • Latitude: 40.4332
  • Longitude: -74.172

    Address

  • Full Address: 7 Hemingway Dr
  • Address - House Number: 7
  • Address - Street Name: Hemingway
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Hazlet
  • Carrier Code: C005
  • 4-Digit Zip Code: 2138
  • Zip Code: 07730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,013,152

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 567,462
  • High Value: 679,552
  • Low Value: 455,372

    Market Valuation

  • Market Total Value: $474,100
  • Market Land Value: $311,400
  • Market Improvement Value: $162,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,100
  • Assessed Land Value: $311,400
  • Assessed Improvements Value: $162,700

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Mar 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021033451
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

1954 ft²

Average Home Age

45 years

Currently For Sale

2719 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 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# 22038117
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 Hemingway Drive built and last sold?
The property at 7 Hemingway Drive was built in 1964 and last sold on Jan 13, 2021 for $395,000.
How much is this home worth?
The estimated value of the home located at 7 Hemingway Drive is $0.
What are some comparable homes to 7 Hemingway Drive?
There are currently no comparable homes to 7 Hemingway Drive.
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