$429,900
●
Condo -
For Sale
7 Stuart Drive #4
Freehold, NJ 07728
3 Beds
1 Bath,
1
Half Bath
1,362 Ft²
$3,076
Est. Monthly
$360
HOA / Fees
6.16%
Cap Rate
About This Property
Pack your bags and move right in! Like new & located in one of the
nicest locations in the cmty backs to green space. Move in ready
this Ben Franklin model at Independence Square Freehold Township
has 3 Bedrooms, 1.5 Baths w/private entry, Laminate wood floors in
living/dining area w/fireplace, Newer w/w carpet on second level.
Freshly painted throughout. New W/D on 2nd level. Spacious Mbr w/
walk-in closet & sliders to deck. Spacious fully equipped eat-in
kitchen new range, newer ref, oversized breakfast area & sliders to
extended patio backs to green space w/ privacy fence. Ext storage
closets off MBR deck and patio. Central Air & Gas Heat. Cmty Pool
w/ Tennis. Extended warranties on new appliances. Freshly
painted and no popcorn ceilings Ext maintenance covered by HOA
including roof. HVAC replaced in 2014. Water Heater 2023. Roof
2011.
Unit Size
1,362 Ft²
Days on Market
49 days
Land Size
-
Price per sqft
$316
Property Type
Condo
Property Taxes
$605
HOA Dues
$360
Year Built
-
Listed By
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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: 29 days ago (MOMLS #22628931)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2026 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | $429,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | |||
| Apr 18, 2014 | Sold | ||
| Sold | |||
| Oct 7, 2013 | Listed by Gloria Nilson & Co. Real Estate | $189,900 | |
| Listed by Gloria Nilson & Co. Real Estate | |||
| | |||
|
Affordable Town Home situated in Independence Square in a private location with oversized patio and yard. Features 3 Bedrooms , 1.5 baths , living room with fireplace.
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Asphalt, Assigned, Guest, None
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Balcony
Flooring Type: See Remarks
Door Features: Sliding Doors
Rooms: 11
Has Fireplace
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1362
Year Built: 1989
Building Area Total: 1362
Levels: 2 Story
Window Features: Insulated Windows
Patio and Porch Features: Patio
Pool Features: In Ground, Common
Pool is Private
Lot Features: Border Greenway
Water Source: Public
Financial Details
Tax Assessed Value: $427,700
Tax Annual Amount: $7,256
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Trash, Snow Removal, Common Area, Exterior Maint, Lawn Maintenance, Mgmt Fees, Pool, Rec Facility
HOA/Condo/Coop Amenities: Tennis Court(s), Pool, Landscaping, Association, Community Room
HOA Fee: $360
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/12/2025
|
3 Bed
|
2 Bath
|
1462 ft²
|
$415,000
3 Bed
2 Bath
1462 ft²
|
$415,000
01/09/2026
|
VIKTORIA ADAMOV
REALTY ONE GROUP CENTRAL
| |
|
08/07/2020
|
3 Bed
|
3 Bath
|
-
|
$279,000
3 Bed
3 Bath
|
$279,000
10/01/2020
|
George Russ
Keller Williams Realty West Monmouth
| |
|
07/29/2017
| |
3 Bed
|
1.5 Bath
|
-
|
-
3 Bed
1.5 Bath
|
-
-
|
-
|
|
07/24/2017
|
3 Bed
|
2 Bath
|
-
|
$239,900
3 Bed
2 Bath
|
$239,901
+0.00%
10/17/2017
|
Barbara Kozlowski
C21/ Action Plus Realty
| |
|
10/07/2013
|
3 Bed
|
2 Bath
|
1362 ft²
|
$189,900
3 Bed
2 Bath
1362 ft²
|
$180,000
-5.21%
04/18/2014
|
Barbara Conti
Gloria Nilson & Co. Real Estate
| |
|
05/18/2013
|
3 Bed
|
3 Bath
|
-
|
$195,000
3 Bed
3 Bath
|
$215,000
+10.26%
02/07/2014
|
Marie Prophete
Keller Williams - Maplewood-Mid Town Direct
|
Building Info
About Monmouth
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Listed by: Joan Congilose, Berkshire Hathaway HomeServices Fox & Roach - Manalapan
Last Updated: 29 days ago
Data Source: MOMMLS, MLS# 22628931
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 29 days ago
Data Source: MOMMLS, MLS# 22628931
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