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Monmouth 07746
7 Jack Lane
$560,000
● House - Off Market

7 Jack Lane

Marlboro, NJ 07746
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$1,020,230
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Beautifully upgraded 4 bedroom colonial. Wonderful location in a very desirable community. Impressive newer kitchen has numerous cabinets, quartz counters, mosaic backsplash, and all appl. 3 stunning newer baths. Gorgeous hardwood floors. Custom window treatments. Large full finished basement. Private fenced yard with an outstanding paver patio. Replaced furnace, A/C unit, garage doors and windows. Timberline roof. Full zone lawn sprinkler system. Excellent schools. Near NYC buses and shopping.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$723
HOA Dues
-
Year Built
1984

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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: 3 years ago (MOMLS #21413424)

Price History

Date / Event Date Event Price
Jul 11, 2014 Sold
Premium
Sold
Apr 9, 2014 Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan $549,900
Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3
  • Basement Area: 1,238
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,255
  • Building Area: 2,255
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,255
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Marlboro Township School District
  • Census Tract: 809704

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 154
  • District: 30
  • Parcel: 30 00397-0000-00011
  • Block: 397
  • Lot: 11
  • Municipality: MARLBORO TWP
  • Latitude: 40.2967
  • Longitude: -74.2673

    Address

  • Full Address: 7 Jack Ln
  • Address - House Number: 7
  • Address - Street Name: Jack
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Marlboro
  • Carrier Code: C014
  • 4-Digit Zip Code: 1886
  • Zip Code: 07746

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,277,109

    Appraisal Valuation

  • Standard Deviation: 0.1644
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 937,299
  • High Value: 1,091,429
  • Low Value: 783,169

    Market Valuation

  • Market Total Value: $535,700
  • Market Land Value: $179,600
  • Market Improvement Value: $356,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $535,700
  • Assessed Land Value: $179,600
  • Assessed Improvements Value: $356,100

    Sales

  • Current Sale Contract Date: Jul 11, 2014
  • Current Sale Recording Date: Jul 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2014060425
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

2019 ft²

Average Home Age

45.2 years

Currently For Sale

1810 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

Rentals Near You

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MOMMLS

Listed by: Allan Buim, Berkshire Hathaway HomeServices Fox & Roach - Manalapan
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21413424
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 Jack Lane built and last sold?
The property at 7 Jack Lane was built in 1984 and last sold on Jul 11, 2014 for $560,000.
How much is this home worth?
The estimated value of the home located at 7 Jack Lane is $555,399.
What are some comparable homes to 7 Jack Lane?
There are currently no comparable homes to 7 Jack Lane.
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