36
Map
$625,000
●
House -
Off Market
1005 Patterson Road
Point Pleasant, NJ 08742
4 Beds
2 Baths
$693,344
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
This 4 bedroom, 2 full bath Colonial is filled with warmth &
character. You'll first be inspired to relax in the inviting
enclosed front porch before you step inside to an open, airy living
space all complemented by striking hardwood floors. Directly across
from the living room is a dining area with wood column half walls.
The kitchen boasts gray & white wood cabinetry highlighted by a new
white subway tile backsplash. There are new Quartz counter tops,
Stainless Steel appliances & a unique zinc topped peninsula with a
rustic-touch of shiplap. Family room leads to a wood deck &
fenced-in backyard w/well-driven sprinkler system. 2nd floor has 4
bedrooms w/hardwood floors, full bath w/barn door plus an office
nook. New HVAC, unfinished basement and garage offers extra
storage. Nearby beaches (1.5 miles to Bay Head), boardwalk, parks &
marinas.
Unit Size
-
Days on Market
69 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1941
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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: 5 months ago (MOMLS #22112361)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2021 | Sold | ||
| Sold | |||
| Apr 22, 2021 | Listed by RE/MAX Bay Point Realtors | $599,900 | |
| Listed by RE/MAX Bay Point Realtors | |||
| Jul 8, 2019 | Sold | ||
| Sold | |||
| Mar 6, 2019 | Listed by Weichert Realtors-Pt.Pl.Beach | $449,000 | |
| Listed by Weichert Realtors-Pt.Pl.Beach | |||
| | |||
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Move right in to this well maintained, one of a kind, mother/daughter home in Point Pleasant. Enter through the bright airy sunroom to the living room or bedroom, all with gleaming hardwood floors. The spacious eat-in kitchen and den/family room have doors to the fenced in backyard and deck. The second floor addition was done in 2002 and is almost like a whole second house. It includes a second kitchen with eat-in area and a small balcony overlooking the backyard. There are 2 bedrooms and another full bath, as well as a living room, with hardwood floors throughout. 2 zone heat and A/C. Timberline 50 yr roof. Anderson windows. Garage and oversized concrete driveway with parking for multiple cars. 2 separate entrances. Great neighborhood, near beaches, shopping, and schools. Not flood zone
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Property Highlights
Garage
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Point Pleasant
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Listed by: Jamie Paradise, RE/MAX Bay Point Realtors
Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22112361
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.
Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22112361
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Phone: 425-283-2930
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