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Monmouth 07748
9 Cherry Tree Lane
$245,000
● House - Off Market

9 Cherry Tree Lane

Middletown, NJ 07748
bedrooms
3 Beds
bathrooms
1 Bath
$559,318
RealtyHop Estimate
115.21%
Since Sep 1, 2012
National-US
Primary Model

About This Property

SUPERB NEIGHBORHOOD CLOSE TO ALL MAJOR TRANSPORTATION,SCHOOLS,SHOPPING & BEACHES. THIS IS A GREAT HOME AND WAS LOVINGLY CARED FOR FEATURES INCLUDE NEWER WINDOWS,SOME DOORS HEATING SYSTEM AND WATER HEATER. BEAUTIFUL BACKYARD WITH GAS BARBECUE,ATTACHED GARAGE,NICE SIZE LAUNDRY ROOM AND MORE.YOU WILL NOT BE DISAPPOINTED. READY FOR QUICK SALE SHOW AND SELL!!!!!!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1953

Payment Calculator

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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: 2 years ago (MOMLS #21223260)

Price History

Date / Event Date Event Price
Aug 17, 2012 Sold
Premium
Sold
Jun 26, 2012 Listed by Weichert Realtors-Middletown $259,900
Listed by Weichert Realtors-Middletown

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,258
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKVIEW PARK MIDDLETOWN
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801100

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 124
  • Account Number: Mar 01, 2006
  • District: 32
  • Parcel: 32 00604-0000-00006
  • Block: 604
  • Lot: 6
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4
  • Longitude: -74.1265

    Address

  • Full Address: 9 Cherry Tree Ln
  • Address - House Number: 9
  • Address - Street Name: Cherry Tree
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C011
  • 4-Digit Zip Code: 1810
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $775,669

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 559,010
  • High Value: 656,241
  • Low Value: 461,780

    Market Valuation

  • Market Total Value: $446,300
  • Market Land Value: $313,700
  • Market Improvement Value: $132,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,300
  • Assessed Land Value: $313,700
  • Assessed Improvements Value: $132,600

    Sales

  • Current Sale Contract Date: May 03, 2013
  • Current Sale Recording Date: May 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013055587
  • Previous Sale Recording Date: Sep 05, 2012
  • Previous Sale Contract Date: Aug 17, 2012
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1949 ft²

Average Home Age

45.1 years

Currently For Sale

2738 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 11 Lexington Court, Holmdel, NJ, 07733

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,411 ft²
11 Lexington Court, Holmdel, NJ, 07733 Listing by Yingen Tang
Unit for rent at 215 Clubhouse Drive, Middletown, NJ, 07748

$3,500 /mo

  • 3 Beds
  • 2 Baths
215 Clubhouse Drive, Middletown, NJ, 07748 Listing by Domenick Acerra

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Carol O'Hare, Weichert Realtors-Middletown
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21223260
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 9 Cherry Tree Lane built and last sold?
The property at 9 Cherry Tree Lane was built in 1953 and last sold on May 3, 2013 for $260,000.
How much is this home worth?
The estimated value of the home located at 9 Cherry Tree Lane is $0.
What are some comparable homes to 9 Cherry Tree Lane?
There are currently no comparable homes to 9 Cherry Tree Lane.
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