The specified address refers to a particular residential property located within a defined geographic area. This designation uniquely identifies a single-family home situated on a specific street within a township known for its equestrian culture and large estates. As a physical location, it serves as the mailing address and coordinates for the property.
The importance of this locale stems from its association with the value and character of real estate in this region. The desirability is often driven by factors such as proximity to major metropolitan areas, access to reputable school systems, and the overall aesthetic appeal of the neighborhood. This location benefits from the inherent value placed on properties within established communities known for their exclusivity and quality of life. Historically, the area has evolved from agricultural roots to a suburban landscape, reflecting the broader trends of development and population shifts.
Understanding the characteristics of this area provides a framework for analyzing broader trends in real estate markets, community development, and the factors that influence property value. These considerations are crucial when examining the local market dynamics, demographic shifts, and the overall appeal of similar residential locations.
1. Residential Real Estate
The connection between residential real estate and the specified address is fundamental. The subject is, by its very nature, a residential property. This signifies it falls under the umbrella of residential real estate, a sector encompassing single-family homes, townhouses, and condominiums designed for habitation. The economic value and market dynamics surrounding this specific location are directly tied to the broader trends and characteristics of the residential real estate market in Colts Neck and Monmouth County. For example, rising interest rates could decrease buyer demand for residential properties in this area, consequently impacting the property’s assessed value and potential sale price. Similarly, increased demand for luxury homes in Colts Neck could drive up the value of similar properties, positively affecting the assessed value.
The features of the residential property are also a significant component of the broader real estate concept. Aspects like lot size, square footage, the number of bedrooms and bathrooms, and the presence of amenities such as a pool or finished basement directly influence its market appeal and perceived value within the residential real estate landscape. For example, a recent renovation of the kitchen and bathrooms could position the property as more desirable compared to similar, yet unrenovated, houses in the area, potentially resulting in a higher sales price. Location, another key feature, contributes to its desirability and value. Proximity to schools, parks, and transportation routes are all features contributing to residential real estate importance.
In conclusion, the specific address and residential real estate are inherently intertwined. Understanding the attributes of residential real estatemarket trends, property features, locationis paramount for determining the specific locations value and potential. Fluctuations in the broader residential real estate market will undoubtedly affect the price, desirability, and overall relevance of this property. A comprehensive awareness of these interdependencies is vital for prospective buyers, sellers, and real estate professionals operating in this market.
2. Geographic Location
The geographic location is a foundational element in understanding the characteristics and value of the property identified. The precise coordinates and regional context contribute significantly to its desirability, accessibility, and overall market position.
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Regional Context and Accessibility
The address resides within Colts Neck Township, Monmouth County, New Jersey. This placement dictates access to regional transportation networks, including major roadways facilitating commutes to metropolitan areas like New York City. The proximity to these urban centers influences the property’s appeal to individuals seeking a balance between suburban living and professional opportunities. The accessibility to nearby towns, parks, and beaches contributes to the desirability.
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Local Environment and Landscape
The geographic setting features a mix of residential developments, agricultural lands, and natural preserves. This blend contributes to the area’s aesthetic appeal and offers residents access to outdoor recreational activities. Topography, soil composition, and climate conditions unique to this location influence landscaping possibilities and property maintenance considerations. Local zoning ordinances dictate land use and development patterns, shaping the neighborhood’s character.
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Proximity to Amenities and Services
The location dictates access to essential amenities and services, including schools, healthcare facilities, shopping centers, and recreational opportunities. The quality and availability of these resources directly impact the quality of life for residents. The presence of highly-rated schools enhances the desirability for families with children, while the availability of healthcare facilities provides peace of mind for all residents. The distance to commercial centers influences convenience and daily routines.
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Environmental Factors and Considerations
Geographic location exposes the property to specific environmental factors, such as flood risk, seismic activity, and exposure to natural disasters. Understanding these risks is crucial for property owners and prospective buyers. Environmental regulations and conservation efforts in the region can impact property development and land use. Awareness of these considerations informs responsible property ownership and management practices.
The interplay of these geographic facets shapes the unique identity and value proposition of the residential location. Its position within the regional landscape, access to amenities, environmental influences, and local regulations collectively define its desirability and long-term investment potential. The geographical factors create a detailed understanding for valuation. The impact of its surroundings is significant.
3. Property Value
Property value, in the context of a specific address like the one designated, represents the estimated monetary worth of the real estate at a particular point in time. This valuation is not a static figure; it is influenced by a constellation of factors that reflect both intrinsic characteristics of the property and external market conditions. Understanding these contributing elements is crucial for prospective buyers, sellers, and investors seeking to make informed decisions.
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Location and Neighborhood Attributes
The location exerts a significant influence on property value. Proximity to amenities, such as schools, parks, and transportation infrastructure, contributes positively to its desirability. Properties situated in neighborhoods characterized by well-maintained infrastructure, low crime rates, and a strong sense of community tend to command higher values. Conversely, proximity to undesirable elements, such as industrial zones or high-traffic areas, may negatively impact property value. In the context of the specified location, its position within a desirable community influences its assessed worth.
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Property Characteristics and Condition
The physical attributes of the property, including its size, layout, architectural style, and the quality of construction, directly impact its value. The number of bedrooms and bathrooms, the presence of a finished basement, and the size of the lot are significant considerations. The condition of the property, encompassing factors such as the roof, plumbing, electrical systems, and overall maintenance, is also critical. A well-maintained property with modern updates typically commands a higher value than a comparable property in need of repairs or renovations. Updating the kitchen and bathrooms, adding energy-efficient appliances, and maintaining the landscape are all potential value boosters.
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Market Conditions and Economic Factors
Broader economic trends and local market dynamics exert a significant influence on property values. Interest rates, employment rates, and overall economic growth can impact buyer demand and housing affordability. A seller’s market, characterized by high demand and limited inventory, tends to drive up prices, while a buyer’s market, with ample inventory and fewer buyers, often leads to price reductions. Monitoring these trends is essential for gauging the potential appreciation or depreciation of a property’s value. The local economic environment also plays a role. For example, an influx of new businesses into the region could create jobs, increasing buyer demand.
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Comparable Sales and Appraisals
One common method for determining property value is through a comparative market analysis (CMA), which involves analyzing recent sales of comparable properties in the same area. Appraisals, conducted by licensed professionals, provide an independent assessment of value based on market data and property characteristics. These assessments take into account the condition and features of the property, as well as the sales prices of similar properties in the vicinity. Appraisals serve as a crucial tool for lenders in determining the loan amount they are willing to provide. Reviewing recent sales of similar properties in Colts Neck can provide an insight into the current value.
The valuation of a property is a complex process. It is influenced by multiple factors. These include location attributes to market trends. A comprehensive understanding of these elements is essential for navigating real estate transactions effectively and making informed investment decisions. The overall assessment of the current real estate market will determine the value of properties.
4. Community Demographics
Community demographics represent the statistical characteristics of a population within a defined geographic area. These characteristics, including age, income, education, and household composition, exert a significant influence on the property values, quality of life, and overall desirability within the vicinity of the identified address.
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Household Income and Economic Status
The median household income and overall economic status of the community directly impact property values and the types of amenities available. Affluent communities often exhibit higher property values and access to premium services, such as private schools and upscale retail establishments. Lower-income communities may face challenges related to property maintenance and public service provision. A high median income indicates a potentially more stable and appreciating real estate market.
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Age Distribution and Family Composition
The age distribution of residents influences the demand for specific types of housing and community resources. A community with a large population of families with children may prioritize access to quality schools, parks, and recreational facilities. Conversely, a community with a significant population of older adults may emphasize access to healthcare services and senior living options. Shifts in age demographics can drive demand for different types of real estate.
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Educational Attainment
The educational attainment levels of residents correlate with property values and the overall attractiveness of the community. Areas with high levels of educational attainment often experience greater economic stability and civic engagement. Access to high-quality schools is a significant factor for families considering a move to a particular area. Properties in areas near highly rated schools often command higher values than properties in less desirable school districts.
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Racial and Ethnic Diversity
The racial and ethnic composition of the community contributes to its cultural vibrancy and influences the types of goods and services available. Diverse communities often offer a broader range of cultural experiences and perspectives. Understanding the demographic makeup of a community is essential for anticipating future growth patterns and adapting to changing needs.
In summary, community demographics are a key element in evaluating the attractiveness of any residential address. Factors such as income levels, family structures, and educational attainment can impact property value, quality of life, and market demand within the locale. A comprehensive understanding of these elements allows for a more informed assessment of the benefits associated with the designated residence.
5. Local Amenities
The presence and accessibility of local amenities represent a significant factor influencing the desirability and, consequently, the value of a property. The address, benefits directly from the proximity to various amenities that cater to the needs and preferences of its residents. The availability of such resources is a major component. The specific cause and effect relationship is evident; improved access to amenities increases property value.
For instance, the proximity to reputable schools serves as a primary driver for families seeking residence in the area. The quality of the local school system impacts not only the educational opportunities for children but also contributes to the overall appeal of the neighborhood. Similarly, access to parks, recreational facilities, and cultural attractions enhances the quality of life for residents, making the locale a more desirable place to live. The convenience of nearby shopping centers, grocery stores, and restaurants caters to the daily needs of the community, reducing travel time and enhancing overall convenience. Transportation infrastructure, including access to major roadways and public transportation options, facilitates commutes to employment centers and other regional destinations. Real-world examples in Colts Neck often showcase how properties in close proximity to parks or highly-rated schools consistently command higher prices than those located further away. This reality stems from the added value that these amenities provide to homeowners.
In summary, the quality and accessibility of local amenities play a central role in shaping the appeal and value of the area surrounding the specified address. The presence of quality resources is correlated with a higher price point. These characteristics make the area a sought-after destination. Ensuring that prospective buyers and current residents understand these interconnections is vital for making well-informed real estate decisions. Challenges may arise from the varying importance different individuals place on specific amenities, requiring careful evaluation of individual needs and preferences when assessing the overall appeal of the location.
6. Architectural Style
The architectural style is a defining characteristic of the property. It significantly contributes to its aesthetic appeal, market value, and overall integration within the established neighborhood. The architectural elements encompass the building’s design, materials, and construction techniques. These factors influence the property’s aesthetic appeal. Understanding the style and its influence is therefore critical. Cause and effect are evident, impacting value. A well-executed design can enhance the location’s profile.
Consider a property constructed in the Colonial Revival style, a common architectural theme in established communities. Characteristics might include symmetrical facades, evenly spaced windows, and a prominent front entrance. Such a style contributes to the neighborhood’s historical character, enhancing its desirability. Alternatively, a property built in a more contemporary style, with features such as large windows, open floor plans, and eco-friendly materials, appeals to buyers seeking modern aesthetics and energy efficiency. Practical applications of this understanding include informed property valuation and targeted marketing efforts. Emphasizing the architectural style’s uniqueness can appeal to specific buyer profiles.
In conclusion, architectural style is an integral component of the real estate. It directly affects its value and marketability. Real estate decisions must recognize the importance of architectural style. Challenges may arise if the style is poorly maintained. The connection with neighborhood characteristics is vital.
7. Historical Context
The historical context surrounding a specific address is integral to understanding its current value and significance. Consideration of the past can reveal patterns of development, shifts in land use, and changes in community demographics. The specific location’s history is intertwined with the evolution of Colts Neck Township, from its agricultural roots to its present-day suburban character. Examining historical records, such as land deeds, census data, and local histories, can provide insights into the property’s origins, previous owners, and alterations over time. For example, the presence of older homes or landmarks nearby might indicate the area’s historical importance, attracting buyers seeking a connection to the past. Conversely, knowledge of past industrial activity or environmental concerns could influence prospective buyers’ perceptions of the property.
The historical development of Colts Neck has directly influenced the character of its residential areas. The transition from farmland to residential subdivisions has shaped the layout of streets, the size of lots, and the architectural styles prevalent in the community. The historical context shapes the community demographics and the types of amenities available. Knowing that the area around a residence was once part of a sprawling farm can evoke a sense of heritage and contribute to its desirability. Practical applications of this historical awareness include preserving historical features, promoting heritage tourism, and informing land-use planning decisions. A deeper understanding of the local context will affect the long-term values.
In summary, the historical backdrop provides a crucial framework for understanding the value and appeal of the property. By delving into the past, one can gain a deeper appreciation for its place within the community and its potential for the future. The absence of historical awareness is a loss. Recognition that one is buying more than a house, but part of an evolving community, is vital.
8. Market Trends
Real estate market trends exert a demonstrable influence on the value and desirability of a specific property, such as the identified location. These trends, encompassing factors like interest rates, inventory levels, and economic growth, create a dynamic environment that directly impacts buyer behavior and property valuations. For instance, a rising interest rate environment can decrease buyer demand, leading to slower sales and potential price reductions for properties within a specific neighborhood. Conversely, a surge in demand coupled with limited housing inventory can drive prices upward, creating a seller’s market. Consequently, understanding current and projected market trends is crucial for accurately assessing the value and potential of the subject.
Furthermore, specific market trends related to the Colts Neck area, such as the growing popularity of luxury estates or an increasing demand for properties with equestrian facilities, can have a more direct impact. If market data indicates a rising interest in properties with larger lots and access to horse trails, then the location, if it possesses these attributes, might benefit from increased buyer interest and enhanced property value. Similarly, changes in local demographics, such as an influx of affluent families or an increase in retirees, can influence the types of properties that are most sought after and the prices buyers are willing to pay. A comprehensive analysis of these micro-trends within the Colts Neck market offers valuable insight into the potential investment returns and long-term appreciation prospects for this residence.
In summary, market trends function as an indispensable component in evaluating the worth and potential of a piece of real estate. These trends are vital. Neglecting to consider these external factors would result in an incomplete and potentially inaccurate assessment of the location’s real value. Prospective buyers and sellers must carefully monitor market trends, both at the macro and micro levels, to make informed decisions and navigate the real estate landscape effectively. A challenge lies in predicting future market shifts with certainty; however, staying informed and consulting with real estate professionals can mitigate this uncertainty and enhance investment outcomes.
Frequently Asked Questions
The following addresses common inquiries regarding the characteristics, value, and context of the specified residential location. The objective is to provide clear, concise answers based on publicly available information and standard real estate practices.
Question 1: What factors primarily influence the property value?
Property value is significantly affected by location, encompassing proximity to schools, amenities, and transportation. Property characteristics, including size, condition, and architectural style, also contribute. Market conditions, such as interest rates and inventory levels, create further impacts.
Question 2: How does the community demographic influence the area?
Community demographics, including age distribution, income levels, and educational attainment, impact property values, local amenities, and the overall quality of life. Higher income levels often translate to better-maintained properties and enhanced services.
Question 3: What are the architectural styles in the area?
Architectural styles vary but often include Colonial Revival, Ranch, and some newer contemporary designs. These styles reflect the historical development of the area and contribute to its aesthetic character.
Question 4: How significant is the historical context?
The historical context offers insight into the area’s development, from its agricultural roots to its current suburban status. Knowledge of the history informs decisions regarding preservation, land use, and property valuation.
Question 5: What local amenities contribute to the area’s appeal?
Local amenities contribute to the region’s appeal. High-quality schools, parks, recreational facilities, and convenient shopping centers all contribute. Access to major roadways is also a factor. A close proximity enhances appeal.
Question 6: How are current market trends impacting property values?
Market trends, including interest rate fluctuations, housing inventory levels, and regional economic growth, constantly influence property values. Monitoring these trends is crucial for making informed real estate decisions.
The information provided is intended for general informational purposes only and does not constitute professional real estate or financial advice. Consultation with qualified experts is recommended before making any investment decisions.
Proceeding to the next section, which delves deeper into market analysis, provides additional detail.
Navigating Real Estate Considerations
The following tips offer guidance when evaluating residential properties. These suggestions emphasize informed decision-making and due diligence.
Tip 1: Thoroughly Investigate Location-Specific Factors Consider school district rankings, proximity to amenities, and crime statistics for areas surrounding potential purchases. This data provides insight into desirability and long-term property values.
Tip 2: Conduct a Comprehensive Property Inspection Engage a qualified home inspector to assess the structural integrity, mechanical systems, and overall condition of the building. Addressing potential issues proactively can prevent costly repairs later.
Tip 3: Analyze Comparable Sales Data Examine recent sales of similar properties in the immediate vicinity to determine fair market value. This data serves as a benchmark for negotiating purchase prices.
Tip 4: Evaluate Community Demographics Understanding age distribution, income levels, and educational attainment within the community provides insight into its character and future development potential.
Tip 5: Research Zoning Regulations and Land Use Restrictions Investigate zoning ordinances and any existing land use restrictions that may impact future property development or alterations.
Tip 6: Assess Flood Risk and Environmental Factors Determine whether the property lies within a flood zone or exhibits exposure to environmental hazards. Mitigation measures should be evaluated before making a purchase.
Tip 7: Obtain a Professional Appraisal Securing an independent appraisal from a certified appraiser provides an objective assessment of property value, which can be useful during financing and negotiations.
These insights aid in sound real estate practices. The utilization of these tips leads to effective decision-making.
In conclusion, the application of sound real estate principles is important. Additional resources can provide a deeper understanding.
Conclusion
The preceding exploration of the key characteristics associated with 36 maple drive colts neck underscores the multifaceted nature of real estate assessment. This inquiry encompassed factors ranging from geographic location and community demographics to architectural style and prevailing market trends. Consideration of these elements provides a holistic perspective on the property’s current value and future potential.
The comprehensive analysis presented herein serves as a foundation for informed decision-making within the real estate sector. Prospective buyers, sellers, and investors are encouraged to apply these principles with diligence and prudence. Continued monitoring of market conditions and community developments remains crucial for adapting to evolving circumstances and maximizing long-term investment outcomes.
