$235,000
●
Land -
Off Market
108 Sunset Drive N
Seaside Heights, NJ 08751
Studio
0 Bath
$425,840
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
Bayfront lot on one of the most protected coves in the Seaside
area. Newer bulkhead. Two existing cottages on the property were
previously used as multi-family. Front cottage was damaged and
currently not habitable. Sold strictly ''as is'' Estate does not
have information regarding status of current riparian rights. NEW
TAX ASSESSMENT IN CALL FOR DETAILS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,151
HOA Dues
-
Year Built
1930
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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 #21813433)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2022 | Sold | ||
| Sold | |||
| May 5, 2022 | Listed by Redfin | $1,045,000 | |
| Listed by Redfin | |||
| | |||
|
New Construction (10 yr home warranty) just Completed on Pelican Island./Berkeley Township. 5 bedroom 2.5 baths with Roof Top Deck and adjoining Bonus Room with Wet Bar. Gourmet Kitchen, Living Room with sliding glass doors to outdoor deck. 9 Foot ceilings with reverse living, Primary Suite on 2nd level. Level 1 has 4 bedrooms with a full bath and access to a covered Treks deck overlooking the Barnegat Bay. 2 Zone heating/AC. Top-of-line construction includes wide plank vinyl flooring, tile, hardwood, doors, and more. A survey is attached which shows Riparian Grant to add your own dock.
| |||
| Feb 10, 2021 | No longer available | - | |
| No longer available | |||
| Jun 16, 2020 | Price Decreased |
$329,900
↓ $40K
(10.8%) | |
| Price Decreased | |||
| May 22, 2020 | Listed | $369,900 | |
| Listed | |||
| | |||
|
Beautiful Waterfront buildable Lot. Pelican Island with protected gorgeous Cove views. Incl Riparian for your new dock. See Doc's Tab for a rendering for a home that can be built. All utilities in the street. one hour from NYC, Philly and AC. 3 minutes to Seaside/Seaside Park, Ortley Beach beaches, rides, amusements, restaurants and shopping. Surrounded by value. Buy now while while the rates are low to be in your dream shore house. Multiple Builders lined up and ready to make this happen quickly. CLICK ON DOCUMENTS TAB FOR PLANS OF APPROVED HOME. Contact listing broker for more details.
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ocean
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Listed by: Jared Rhine, Childers Sotheby's Int Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21813433
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# 21813433
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017