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Monmouth 07731
8 Lori Lane
$410,000
● House - Off Market

8 Lori Lane

Howell, NJ 07731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,832 Ft²
$561,592
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Lovely extended Ranch in highly desirable section of Howell in cul-de-sac location. This renovated home offers 3 bedrooms, 2 Baths complete with custom crown molding. Beautiful family room with Anderson Windows for family gatherings. 2 zone heat and central Air. Attached 2 car garage.The master bath has a Jacuzzi Whirlpool tub with granite counter vanity. Exterior lighting back and front. Ideally located near transportation and shopping.Sprinkler system
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$224
Property Type
House
Property Taxes
$715
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22020844)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jun 25, 2020 Listed by Coldwell Banker Realty $410,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 308
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 1,832
  • Building Area: 1,832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811303

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 4.53
  • Account Number: 043150
  • District: 21
  • Parcel: 21 00093- 01-00006- 01
  • Block: 93.01
  • Lot: 6.01
  • Municipality: HOWELL TWP
  • Latitude: 40.1505
  • Longitude: -74.2488

    Address

  • Full Address: 8 Lori Ln
  • Address - House Number: 8
  • Address - Street Name: Lori
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Howell
  • Carrier Code: C009
  • 4-Digit Zip Code: 1324
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $874,954

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 610,026
  • High Value: 716,859
  • Low Value: 503,193

    Market Valuation

  • Market Total Value: $469,900
  • Market Land Value: $257,000
  • Market Improvement Value: $212,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $469,900
  • Assessed Land Value: $257,000
  • Assessed Improvements Value: $212,900

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020106419
  • Previous Sale Recording Date: May 08, 1996
  • Previous Sale Contract Date: Apr 17, 1996
  • Previous Sale Amount: $177,000
  • 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:

$725,000

Sale Price/ft²

$384

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1937 ft²

Average Home Age

45.5 years

Currently For Sale

1881 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 43 Frederick Avenue, Howell, NJ, 07731

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
43 Frederick Avenue, Howell, NJ, 07731 Listing by Natalie Pantelo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lucia Palmese, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22020844
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 Lori Lane built and last sold?
The property at 8 Lori Lane was built in 1968 and last sold on Aug 26, 2020 for $410,000.
How much is this home worth?
The estimated value of the home located at 8 Lori Lane is $0.
What are some comparable homes to 8 Lori Lane?
There are currently no comparable homes to 8 Lori Lane.
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