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Monmouth
8 Berkley Place
$839,000
● House - Off Market

8 Berkley Place

Colts Neck, NJ 07722
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,550 Ft²
$1,067,240
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Now is your chance to own this one of a kind expanded ranch in Colts Neck! This 3,550 square foot home sits on 1.27 acres of property. Big brook stream runs in the woods behind the property, making for very peaceful and quiet living. The eat in kitchen includes newer appliances, a walk in pantry, and a center island. A wood burning fireplace and decorative moldings grace the living room. Home features a master suite with full bath and walk in closet, as well as three additional bedrooms and a second full bath. The large laundry room located next to the bedrooms makes doing laundry a breeze. Fit two cars and plenty of storage in the oversized two car garage. To top it all off, there are endless possibilities in the unfinished basement which boasts another 3,000+ sq ft of space.
Unit Size
3,550 Ft²
Days on Market
-
Land Size
1.27 acres
Price per sqft
$236
Property Type
House
Property Taxes
$1,184
HOA Dues
-
Year Built
1993

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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 #22036948)

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold
Premium
Sold
Oct 13, 2020 Listed by Keller Williams Realty East Monmouth $839,000
Listed by Keller Williams Realty East Monmouth

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,321
  • Total Building Area: 3,550
  • Building Area: 3,550
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001270
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Colts Neck Township School District
  • Census Tract: 809901

Zoning

  • Zoning: A1CL

Geography

  • Assessors Map Reference: TAX MAP 3.07
  • District: 10
  • Parcel: 10 00006-0000-00010- 05
  • Block: 6
  • Lot: 10.05
  • Municipality: COLTS NECK TOWNSHIP
  • Latitude: 40.3182
  • Longitude: -74.22

    Address

  • Full Address: 8 Berkley Pl
  • Address - House Number: 8
  • Address - Street Name: Berkley
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Colts Neck
  • Carrier Code: R086
  • 4-Digit Zip Code: 2031
  • Zip Code: 07722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,463,885

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,223,139
  • High Value: 1,440,293
  • Low Value: 1,005,984

    Market Valuation

  • Market Total Value: $940,800
  • Market Land Value: $414,600
  • Market Improvement Value: $526,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $940,800
  • Assessed Land Value: $414,600
  • Assessed Improvements Value: $526,200

    Sales

  • Current Sale Contract Date: Feb 05, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021081503
  • Previous Sale Recording Date: Apr 14, 1997
  • Previous Sale Contract Date: Mar 19, 1997
  • Previous Sale Amount: $108,500
  • 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:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1995 ft²

Average Home Age

45.2 years

Currently For Sale

1817 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 5 Buck Lane, Marlboro, NJ, 07746

$4,250 /mo

  • 4 Beds
  • 1 Bath
5 Buck Lane, Marlboro, NJ, 07746 Listing by Matthew Tully

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Thomas Gyumolcs, Keller Williams Realty East Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22036948
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 8 Berkley Place built and last sold?
The property at 8 Berkley Place was built in 1993 and last sold on Feb 5, 2021 for $839,000.
How much is this home worth?
The estimated value of the home located at 8 Berkley Place is $876,265.
What are some comparable homes to 8 Berkley Place?
There are currently no comparable homes to 8 Berkley Place.
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