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Matawan 07747
7 Lola Lane
$403,000
● House - Off Market

7 Lola Lane

Matawan, NJ 07747
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$553,233
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Lovely 4 bedroom colonial on a cul-de-sac in Matawan. Home features beautiful hardwood floors, large master bedroom with a walk in closet and full bath attached.  Enjoy the pretty gas fireplace in the living room.  The updated kitchen features brand new appliances and opens to the family room with door to the large deck.  Unfinished basement leads to a large 2 car garage and oversized driveway.  Close to all major NYC buses and the Matawan train.  Immaculate home waiting for your personal touches!!
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$843
HOA Dues
-
Year Built
1971

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: 3 years ago (MOMLS #22014957)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
May 13, 2020 Listed by Coldwell Banker Realty $399,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 924
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,014
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,866
  • Building Area: 1,866
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,866
  • 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: Matawan-Aberdeen Regional School District
  • Census Tract: 803000

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 29
  • Account Number: 18204
  • District: 31
  • Parcel: 31 00122-0000-00004
  • Block: 122
  • Lot: 4
  • Municipality: MATAWAN BORO
  • Latitude: 40.3928
  • Longitude: -74.2388

    Address

  • Full Address: 7 Lola Ln
  • Address - House Number: 7
  • Address - Street Name: Lola
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Matawan
  • Carrier Code: C024
  • 4-Digit Zip Code: 3407
  • Zip Code: 07747

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,150,046

    Appraisal Valuation

  • Standard Deviation: 0.1916
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 600,631
  • High Value: 715,749
  • Low Value: 485,512

    Market Valuation

  • Market Total Value: $529,000
  • Market Land Value: $326,200
  • Market Improvement Value: $202,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $529,000
  • Assessed Land Value: $326,200
  • Assessed Improvements Value: $202,800

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020083319
  • Previous Sale Recording Date: Jul 20, 1993
  • Previous Sale Contract Date: Jul 20, 1993
  • Previous Sale Amount: $162,000
  • 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 Matawan

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$349

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1839 ft²

Average Home Age

47.5 years

Currently For Sale

24 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 54 Waterford Avenue, Morganville, NJ, 07751

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,939 ft²
54 Waterford Avenue, Morganville, NJ, 07751 Listing by Carrie Moyer
Unit for rent at 58 Hale Court, Matawan, NJ, 07747

$4,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,939 ft²
58 Hale Court, Matawan, NJ, 07747 Listing by Nadine Saman-Padilla

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Raffaele Marino, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22014957
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 Lola Lane built and last sold?
The property at 7 Lola Lane was built in 1971 and last sold on Jul 24, 2020 for $403,000.
How much is this home worth?
The estimated value of the home located at 7 Lola Lane is $0.
What are some comparable homes to 7 Lola Lane?
There are currently no comparable homes to 7 Lola Lane.
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