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Monmouth 07731
9 Jerrys Lane
$330,000
● House - Off Market

9 Jerrys Lane

Howell, NJ 07731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
735 Ft²
$278,239
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Back on the Market! Why rent when you can own and expand! Situated on almost 2 acres of land, this home provides so many opportunities! With a large deck overlooking this parklike land, you can live and enjoy the natural beauty of this propertry, or expand this home to your dream home! Private and secluded , yet close to Rt 9 and all shopping! Make it yours today!
Unit Size
735 Ft²
Days on Market
-
Land Size
1.94 acres
Price per sqft
$380
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1950

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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 #22309464)

Price History

Date / Event Date Event Price
Jul 27, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan $279,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 735
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 84,506
  • Total Building Area: 735
  • Building Area: 735
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 735
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001940
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811301

Zoning

  • Zoning: ARE2

Geography

  • Assessors Map Reference: TAX MAP 7.26
  • Account Number: 056090
  • District: 21
  • Parcel: 21 00138-0000-00018
  • Block: 138
  • Lot: 18
  • Municipality: HOWELL TWP
  • Latitude: 40.1967
  • Longitude: -74.2626

    Address

  • Full Address: 9 Jerrys Ln
  • Address - House Number: 9
  • Address - Street Name: Jerrys
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Howell
  • Carrier Code: C013
  • 4-Digit Zip Code: 1109
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $411,975

    Appraisal Valuation

  • Standard Deviation: 0.1847
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 325,422
  • High Value: 385,545
  • Low Value: 265,298

    Market Valuation

  • Market Total Value: $225,000
  • Market Land Value: $130,900
  • Market Improvement Value: $94,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,000
  • Assessed Land Value: $130,900
  • Assessed Improvements Value: $94,100

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 52813
  • Previous Sale Recording Date: Aug 16, 2002
  • Previous Sale Contract Date: Jul 02, 2002
  • Previous Sale Amount: $100,000
  • 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

$383

Above Asking

0.54%

Average Days on Market

63

Average Home Size

1954 ft²

Average Home Age

45 years

Currently For Sale

2719 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 1477 Route 9, Howell, NJ, 07731

$2,800 /mo

  • 3 Beds
  • 1 Bath
1477 Route 9, Howell, NJ, 07731 Listing by Gary Orlando
Unit for rent at 14-3 Sacramento Court, Freehold, NJ, 07728

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,197 ft²
14-3 Sacramento Court #3, Freehold, NJ, 07728 Listing by Jasleen Kaur

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gregory Papalcure, Berkshire Hathaway HomeServices Fox & Roach - Manalapan
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22309464
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 Jerry's Lane built and last sold?
The property at 9 Jerry's Lane was built in 1950 and last sold on Jul 21, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 9 Jerry's Lane is $0.
What are some comparable homes to 9 Jerry's Lane?
There are currently no comparable homes to 9 Jerry's Lane.
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