$4,900,000
●
House -
Off Market
101 Jersey Avenue
Spring Lake, NJ 07762
6 Beds
7 Baths,
1
Half Bath
6,127 Ft²
$7,347,874
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Perhaps the most exquisite location in Spring Lake, 101 Jersey Ave
sits perched up high overlooking 2 acres of tennis courts of the
Spring Lake Bath & Tennis Club framed by ocean views! The
quintessential Spring Lake lifestyle starts here, just 1 block to
the beach, and 2 blocks into Downtown for shops, restaurants, &
strolls around the iconic lake nestled within Divine Park. This
custom-designed home is elegant and luxurious, w/ stunning features
like the 2-story palladian windows overlooking the Atlantic Ocean.
But a true ''beach house'' not only offers open floor plan for
entertaining and big family gatherings, but also has cozy retreats,
lofts, breakfast nooks, sitting areas, and rooms for everyone to
''get away'' and relax when you get home from the beach. This is
that home!
Unit Size
6,127 Ft²
Days on Market
-
Land Size
-
Price per sqft
$897
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 3 years ago (MOMLS #22006432)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2020 | Sold | ||
| Sold | |||
| Mar 9, 2020 | No longer available | - | |
| No longer available | |||
| Feb 17, 2020 | Listed by Coldwell Banker Realty | $5,495,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 25, 2019 | Listed | $5,850,000 | |
| Listed | |||
| | |||
|
Perhaps the most exquisite location in Spring Lake, 101 Jersey Ave sits perched up high overlooking 2 acres of tennis courts of the Spring Lake Bath & Tennis Club framed by ocean views! The quintessential Spring Lake lifestyle starts here, just 1 block to the beach, and 2 blocks into Downtown for shops, restaurants, & strolls around the iconic lake nestled within Divine Park. This custom-designed home is elegant and luxurious, w/ stunning features like the 2-story palladium windows overlooking the Atlantic Ocean. But a true ''beach house'' not only offers open floor plan for entertaining and big family gatherings, but also has cozy retreats, lofts, breakfast nooks, sitting areas, and rooms for everyone to ''get away'' and relax when you get home from the beach. This is that home! The manager has listed the unit size as 6127 square feet.
| |||
| Jun 3, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Parking Available
Elevator
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Spring Lake
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Currently no similar homes aroundNearby Rentals
Listed by: Gregory M Rice, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22006432
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: 3 years ago
Data Source: MOMMLS, MLS# 22006432
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