74 Ballantine Road
About This Property
Welcome to this stunning four-bedroom, 2.5 bathroom colonial home nestled in the highly sought-after Oak Hill section of Middletown, New Jersey. This beautiful residence boasts classic architectural details and modern amenities, offering the perfect blend of elegance and comfort.
As you approach the property, you'll be greeted by a meticulously landscaped front yard and a welcoming entrance. Inside, the spacious foyer opens to a bright and airy floor plan, featuring a formal living room, a cozy family room with a wood burning fireplace, and a formal dining room perfect for entertaining guests. The gourmet kitchen is a chef's delight, equipped with stainless steel appliances, granite countertops, and ample cabinet space. Adjacent to the kitchen is a sunlit breakfast nook overlooking the lush backyard.
Upstairs, the primary suite offers a serene retreat with double closets and an inviting en-suite bathroom. Three additional generously sized bedrooms and a full bathroom complete the upper level.
The unfinished basement can provide additional living space ideal for a home office, gym, or recreation area. Outside, the expansive deck is perfect for summer barbecues and outdoor gatherings, while the private backyard offers plenty of space for gardening or play.
Additional features include a two-car garage, a whole-house generator for peace of mind, and proximity to top-rated schools, shopping, and dining. Don't miss the opportunity to make this exceptional property your new home!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Keller Williams Realty West Monmouth | $799,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017