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Atlantic Highlands 07716 Atlantic Highlands
1 Observatory Place
$305,000
● House - Off Market

1 Observatory Place

Atlantic Highlands, NJ 07716
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,786 Ft²
$430,248
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Find Peace and Tranquility with this amazing ranch home high in the Highlands. Bring your vision and artisty to this one of a kind home.  Featuring 3 bedrooms 2 full baths, hardwood floors, large living area with brick fireplace, open floor plan with plenty of windows, full kitchen, large basement with full bath. Attached artists painting room. The possibilities are endless. This could be a perfect place to paint, write, work out area, home office. Backyard has 2 decks, treed property.  This could be a Rembrandt in the making, Close to the ferry, Marina, beaches, restaurants and much more.This is a REO property and seller must comply with 24 CRF 206.125.
Unit Size
1,786 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$594
HOA Dues
-
Year Built
1957

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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 #21745035)

Price History

Date / Event Date Event Price
Feb 16, 2018 Sold
Premium
Sold
Dec 2, 2017 Listed by Coldwell Banker Realty $275,000
Listed by Coldwell Banker Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,258
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,095
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000369
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Henry Hudson Regional School District
  • Census Tract: 800200

Zoning

  • Zoning: C125

Geography

  • Assessors Map Reference: TAX MAP 10
  • Account Number: 00384006
  • District: 05
  • Parcel: 05 00027-0000-00005
  • Block: 27
  • Lot: 5
  • Municipality: ATLANTIC HIGHLANDS BORO
  • Latitude: 40.4094
  • Longitude: -74.0268

    Address

  • Full Address: 1 Observatory Pl
  • Address - House Number: 1
  • Address - Street Name: Observatory
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Atlantic Highlands
  • Carrier Code: C004
  • 4-Digit Zip Code: 1527
  • Zip Code: 07716

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $680,467

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 521,722
  • High Value: 620,565
  • Low Value: 422,879

    Market Valuation

  • Market Total Value: $398,400
  • Market Land Value: $259,000
  • Market Improvement Value: $139,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,400
  • Assessed Land Value: $259,000
  • Assessed Improvements Value: $139,400

    Sales

  • Current Sale Contract Date: Jul 11, 2006
  • Current Sale Recording Date: Jul 13, 2006
  • Current 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 Atlantic Highlands

Stats & Trends

Median Asking:

$759,000

Sale Price/ft²

$474

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1925 ft²

Average Home Age

53.6 years

Currently For Sale

8 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 1 Central Avenue, Atlantic Highlands, NJ, 07716

$3,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,645 ft²
1 Central Avenue #20, Atlantic Highlands, NJ, 07716 Listing by Renee Astacio
Unit for rent at 431 Cooper Road, Red Bank, NJ, 07701

$3,500 /mo

  • 2 Beds
  • 2 Baths
431 Cooper Road, Red Bank, NJ, 07701 Listing by Jessica Plath

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Angelicola, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21745035
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 1 Observatory Place built and last sold?
The property at 1 Observatory Place was built in 1957 and last sold on Jul 11, 2006 for $0.
How much is this home worth?
The estimated value of the home located at 1 Observatory Place is $0.
What are some comparable homes to 1 Observatory Place?
There are currently no comparable homes to 1 Observatory Place.
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