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Navesink 07716 Navesink
116 Chestnut Avenue
$475,000
● House - Off Market

116 Chestnut Avenue

Atlantic Highlands, NJ 07716
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,630 Ft²
$3,415
Est. Monthly
14.89%
Cap Rate

About This Property

This custom-built 5-bedroom, 3-bathroom house is situated in a prime location, offering an excellent opportunity for prospective homeowners. While it may need a TLC, the potential to turn this property into the home of your dreams is certainly enticing. The living room is the perfect place for relaxation and gatherings. An open-concept kitchen and dining area is great for both cooking, casual dining, and special occasions to entertain guests. There are two primary suites with WICs and ensuite bathrooms. Situated in a prime location, this home offers convenience and comfort with easy access to nearby shops, a ferry terminal, and public transportation.
Unit Size
2,630 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$200
Property Type
House
Property Taxes
$836
HOA Dues
-
Year Built
1996

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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 #22327817)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 11, 2023 In contract -
In contract
Oct 5, 2023 Listed by Weichert Realtors-Old Bridge $525,000
Listed by Weichert Realtors-Old Bridge

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,700
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,630
  • Building Area: 2,630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,630
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800900

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 64
  • Account Number: Mar 02, 2006
  • District: 32
  • Parcel: 32 00699-0000-00016
  • Block: 699
  • Lot: 16
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4068
  • Longitude: -74.0431

    Address

  • Full Address: 116 Chestnut Ave
  • Address - House Number: 116
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Atlantic Highlands
  • Carrier Code: C005
  • 4-Digit Zip Code: 2002
  • Zip Code: 07716

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,027,853

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 721,083
  • High Value: 866,129
  • Low Value: 576,037

    Market Valuation

  • Market Total Value: $591,400
  • Market Land Value: $315,100
  • Market Improvement Value: $276,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $591,400
  • Assessed Land Value: $315,100
  • Assessed Improvements Value: $276,300

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 88770
  • Previous Sale Recording Date: Jun 11, 1996
  • Previous Sale Contract Date: Jun 03, 1996
  • Previous Sale Amount: $118,000
  • Previous 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 Navesink

Stats & Trends

Median Asking:

$955,000

Sale Price/ft²

$443

Above Asking

0.00%

Average Days on Market

73

Average Home Size

3378 ft²

Average Home Age

80.5 years

Currently For Sale

2 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Tanya Cleary, Weichert Realtors-Old Bridge
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22327817
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 116 Chestnut Avenue built and last sold?
The property at 116 Chestnut Avenue was built in 1996 and last sold on Dec 14, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 116 Chestnut Avenue is $530,250.
What are some comparable homes to 116 Chestnut Avenue?
There are currently no comparable homes to 116 Chestnut Avenue.
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