$320,000
●
House -
Off Market
1205 Patterson Road
Point Pleasant, NJ 08742
3 Beds
2 Baths
$506,614
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Experience New Jersey shore serenity in this charming home! Cozy
colonial located a mile from Bay Head beach. This remodeled two
level home has 3 bedrooms and 2 full bathrooms. TWO ZONE CENTRAL
AIR throughout home with backup wall units. The home includes
decorative wainscoting and crown molding in many of the rooms. The
kitchen has newer appliances, quartz countertops and recessed
lighting. The bright and airy family room features plantation
shutters in windows. The living room features a bow window. The
downstairs office includes recessed lighting and built-in shelving.
Both bathrooms have been remodeled with tilework. Hardwood floors
under carpets on entire second floor. Yankee basement perfect for
storage. Enjoy the sun on the backyard deck. NOT IN A FLOOD ZONE,
NOT AFFECTED BY SANDY!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1954
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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 #21818599)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 19, 2018 | Listed | $334,900 | |
| Listed | |||
| | |||
|
Experience New Jersey shore serenity in this charming home! Cozy colonial located a mile from Bay Head beach. This remodeled two level home has 3 bedrooms and 2 full bathrooms. TWO ZONE CENTRAL AIR throughout home with backup wall units. The home includes decorative wainscoting and crown molding in many of the rooms. The kitchen has newer appliances, quartz countertops and recessed lighting. The bright and airy family room features plantation shutters in windows. The living room features a bow window. The downstairs office includes recessed lighting and built-in shelving. Both bathrooms have been remodeled with tilework. Hardwood floors under carpets on entire second floor. Yankee basement perfect for storage. Enjoy the sun on the backyard deck. NOT IN A FLOOD ZONE, NOT AFFECTED BY SANDY!
| |||
| May 12, 2018 | Listed by Weichert Realtors-Sea Girt | $334,900 | |
| Listed by Weichert Realtors-Sea Girt | |||
Property Highlights
Air Conditioning
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Point Pleasant
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Listed by: Steven Edwards, Weichert Realtors-Sea Girt
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21818599
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# 21818599
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