$570,000
●
House -
Off Market
118 W Swordfish Way
Lavallette, NJ 08735
2 Beds
1 Bath
$581,715
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
OWNED LAND in Ocean Beach III in Lavallette. Raised &
renovated down to studs in approximately 2015. Located less than 2
blocks to beach & short distance to Boat Basin,Club House, & Bay.
Open floor plan with vaulted ceilings,engineered wood floors
throughout, recessed lighting & ceiling fans, kitchen with granite
counters,subway tile back splash,self closing cabinet drawers,& new
appliances since 2015. Stackable washer & dryer recently added.
Sliding glass doors in kitchen lead to outside wood deck, large
paver stone patio,outside shower, & 2 car width private parking
spaces. An abundance of storage under raised house. Three ductless
Fujitsu-mini split units provide heat & air conditioning along with
baseboard electric in Living room.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$428
HOA Dues
$59
Year Built
1952
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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: 2 years ago (MOMLS #22133923)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Sep 26, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by RE/MAX Homeland Realtors | $675,000 | |
| Listed by RE/MAX Homeland Realtors | |||
| | |||
|
Charming Investment Property Near the Beach - Ideal for AirBnB Welcome to your perfect beach getaway! This cozy yet spacious two-bedroom home, located just two blocks from the beach, offers an incredible opportunity as an investment property, already proven as a successful AirBnB rental. With weekly summer rental income, it's a dream for anyone looking to capitalize on vacation demand.
Situated on owned land and FEMA compliant, this home offers peace of mind while providing all the conveniences of home. Sunlight pours into the space, creating a warm and inviting atmosphere perfect for relaxing after a day by the water. Step outside to enjoy the deck and outdoor shower, a perfect way to wind down after a day at the beach. The property also features a two-car driveway, making it convenient for guests, and is just a short walking distance to the beachno need to worry about parking! Whether you're looking for a personal beach retreat or a lucrative vacation rental, this home checks all the boxes.
| |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Oct 15, 2021 | Listed by Coldwell Banker Realty | $564,900 | |
| Listed by Coldwell Banker Realty | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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HOA + Taxes
About Dover Beaches North
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Listed by: Joan P Kylish, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22133923
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: 2 years ago
Data Source: MOMMLS, MLS# 22133923
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