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Leonardo 07737 Leonardo
86 Washington Avenue
$640,000
● House - Off Market

86 Washington Avenue

Leonardo, NJ 07737
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,737 Ft²
$3,776
Est. Monthly
5.20%
Cap Rate

About This Property

New pool liner, motor, and filter. Charming updated ranch with brand new hardwood floors throughout and fresh paint. Features a spacious living room with a beautiful brick wood-burning fireplace, formal dining area, and large eat-in kitchen. Bonus finished attic space offers flexible use. Enjoy a private backyard with an in-ground pool and plenty of patio space. Recent upgrades include a new HVAC system and 30-year architectural shingle roof. Move-in ready!
Unit Size
1,737 Ft²
Days on Market
247 days
Land Size
0.14 acres
Price per sqft
$360
Property Type
House
Property Taxes
$707
HOA Dues
-
Year Built
1960

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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: 7 months ago (MOMLS #22522022)

Price History

Date / Event Date Event Price
Mar 27, 2026 Sold
Premium
Sold
Mar 3, 2026 In contract -
In contract
Feb 10, 2026 Price Decreased $625,000
↓ $15K (2.3%)
Price Decreased
Jan 6, 2026 Price Decreased $640,000
↓ $25K (3.8%)
Price Decreased
Nov 26, 2025 Price Decreased $665,000
↓ $25K (3.6%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,028
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,702
  • Building Area: 1,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,702
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 29
  • Account Number: Mar 01, 2006
  • District: 32
  • Parcel: 32 00345-0000-00004
  • Block: 345
  • Lot: 4
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4168
  • Longitude: -74.0662

    Address

  • Full Address: 86 Washington Ave
  • Address - House Number: 86
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C004
  • 4-Digit Zip Code: 1228
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $744,385

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 553,549
  • High Value: 651,825
  • Low Value: 455,273

    Market Valuation

  • Market Total Value: $428,300
  • Market Land Value: $221,200
  • Market Improvement Value: $207,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428,300
  • Assessed Land Value: $221,200
  • Assessed Improvements Value: $207,100

    Sales

  • Current Sale Contract Date: Apr 11, 2017
  • Current Sale Recording Date: Oct 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2017102848
  • Previous Sale Recording Date: Mar 08, 2003
  • Previous Sale Contract Date: Feb 21, 2003
  • Previous Sale Amount: $260,000
  • 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 Leonardo

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$385

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1645 ft²

Average Home Age

80.9 years

Currently For Sale

10 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 16 Browns Lane, Atlantic Highlands, NJ, 07716

$4,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor

Rentals Near You

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MOMMLS

Listed by: Yosef Beane, Keypoint Realty LLC
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 22522022
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 86 Washington Avenue built and last sold?
The property at 86 Washington Avenue was built in 1960 and last sold on Apr 11, 2017 for $1,000.
How much is this home worth?
The estimated value of the home located at 86 Washington Avenue is $0.
What are some comparable homes to 86 Washington Avenue?
There are currently no comparable homes to 86 Washington Avenue.
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