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Monmouth 07718
707 Hopping Road
$367,000
● House - Off Market

707 Hopping Road

Middletown, NJ 07718
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,842 Ft²
$725,989
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

WOW=''Wonderful Opportunity Within'' Middletown's Belford Section to own this 3 bedroom 2 full bath ranch style home with two-sided wood burning fireplace, eat in kitchen, living rm, dining rm, family/office rm, hardwood floors, laundry room with added storage cabinets, 1 car garage with direct entry, large deck off sliders from dining rm, large front porch & all set on park like property including a fenced in backyard & a large storage shed too! Take a look today & start packing tomorrow!
Unit Size
1,842 Ft²
Days on Market
-
Land Size
-
Price per sqft
$201
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
1963

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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 #21308739)

Price History

Date / Event Date Event Price
Jun 6, 2013 Sold
Premium
Sold
Mar 15, 2013 Listed by Coldwell Banker Realty $369,900
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,882
  • Building Area: 1,882
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,882
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800800

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 86
  • Account Number: Mar 02, 2006
  • District: 32
  • Parcel: 32 00650-0000-00005
  • Block: 650
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4085
  • Longitude: -74.0911

    Address

  • Full Address: 707 Hopping Rd
  • Address - House Number: 707
  • Address - Street Name: Hopping
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Belford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1130
  • Zip Code: 07718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $871,955

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 653,408
  • High Value: 777,199
  • Low Value: 529,616

    Market Valuation

  • Market Total Value: $501,700
  • Market Land Value: $310,000
  • Market Improvement Value: $191,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $501,700
  • Assessed Land Value: $310,000
  • Assessed Improvements Value: $191,700

    Sales

  • Current Sale Contract Date: Jun 06, 2013
  • Current Sale Recording Date: Jun 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013065971
  • Previous Sale Recording Date: Jul 06, 1995
  • Previous Sale Contract Date: Jun 16, 1995
  • Previous Sale Amount: $150,000
  • 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 Monmouth

Stats & Trends

Median Asking:

$740,990

Sale Price/ft²

$388

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2017 ft²

Average Home Age

45.1 years

Currently For Sale

1813 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 77 Pacific Avenue, Middletown, NJ, 07748

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,212 ft²
77 Pacific Avenue, Middletown, NJ, 07748 Listing by Joanne Botwinick

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Justine Galdorise-Alfano, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21308739
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 707 Hopping Road built and last sold?
The property at 707 Hopping Road was built in 1963 and last sold on Jun 6, 2013 for $367,000.
How much is this home worth?
The estimated value of the home located at 707 Hopping Road is $392,075.
What are some comparable homes to 707 Hopping Road?
There are currently no comparable homes to 707 Hopping Road.
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