$2,171,500
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House -
Off Market
1204 Ocean Avenue
Belmar, NJ 07719
5 Beds
5 Baths,
1
Half Bath
$4,775,940
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
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House
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Year Built
2013
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Cap Rate Calculator
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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 #21310823)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2018 | Sold | ||
| Sold | |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
| Aug 14, 2018 | Listed | $1,899,999 | |
| Listed | |||
| | |||
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OCEANFRONT! Magnificent 5 Bedroom, 4.5 Bath home on Ocean Avenue in beautiful Belmar features over 3900 SF, three levels of luxury living, plus a full basement and attached 2-car garage. Desirable open floor plan on the main living level connects the gourmet kitchen to dining room with south-facing balcony to the great room with fireplace, to one of 3 oceanfront balconies beyond. Master suite on 3rd floor boasts private balcony with sweeping ocean views. The features of newer construction and superior craftsmanship include high ceilings, elegant crown moldings, generous room sizes, 2 laundry rooms, and convenient 4-stop elevator! Plenty of room for friends & family. Private off-street parking for additional summertime guests. Enjoy life at the shore as it was meant to be. The manager has listed the unit size as 3951 square feet.
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| Dec 2, 2017 | Listed by RE/MAX Paradigm Realty Group | $1,899,999 | |
| Listed by RE/MAX Paradigm Realty Group | |||
| | |||
|
OCEANFRONT! Magnificent 5 Bedroom, 4.5 Bath home on Ocean Avenue in beautiful Belmar features over 3900 SF, three levels of luxury living, plus a full basement and attached 2-car garage. Desirable open floor plan on the main living level connects the gourmet kitchen to dining room with south-facing balcony to the great room with fireplace, to one of 3 oceanfront balconies beyond. Master suite on 3rd floor boasts private balcony with sweeping ocean views. The features of newer construction and superior craftsmanship include high ceilings, elegant crown moldings, generous room sizes, 2 laundry rooms, and convenient 4-stop elevator! Plenty of room for friends & family. Private off-street parking for additional summertime guests. Enjoy life at the shore as it was meant to be.
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| Jul 29, 2017 | Listed | $1,900,000 | |
| Listed | |||
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Welcome to the Jersey Shore! A Luxury property at it's finest! Breathtaking oceanfront views with high end finishes. Soaring ceilings, custom millwork & top notch craftsmanship with an elegant yet versatile open floor plan. Wood paneled elevator to all floors. Gourmet kitchen with bright white cabinetry & granite counters, center island, prof. grade appliances, breakfast counter w/bar sink & the expansive dining room opens to the Family Room w/gas Fireplace. Luxurious baths w/custom vanities, generous size BRs while the MBR suite w/gas FP opens to its own private, covered balcony w/magnificent views. 2 add'l. covered decks for all to enjoy! Two car direct entry garage and a full basement just waiting to be finished. Soak in the sun & the sand year round at this premier beach destination.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Belmar
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Listed by: Patrick Butera, RE/MAX Paradigm Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21310823
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# 21310823
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