$215,000
●
House -
Off Market
1247 Maplewood Road
Belmar, NJ 07719
1 Bed
1 Bath
$483,383
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model
About This Property
This ranch home has charm throughout with a beautiful stone gas
fireplace, hardwood floors, decorative ceilings, and a dining room
chandelier that could be right out of a home design magazine. The
large bright kitchen, detached garage with a loft for extra storage
and the big backyard complete this wonderful home. Located in a
great neighborhood with so much to offer while also having the
convenience of being close to the major roads, train station, beach
and marina.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1937
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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 #21239901)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2023 | No longer available | - | |
| No longer available | |||
| Jan 19, 2023 | Listed by Natale Realtors | $450,000 | |
| Listed by Natale Realtors | |||
| | |||
|
Opportunities like this only come around once in a long while! This Belmar cottage located 1 block to the river & Belmar Marina, 5 blocks from downtown and a handful more to the beach is in one of the Shore's best locations. The home is ready to be finished off and offers so much potential to the savvy buyer. A detached 1-car garage with additional loft space offers enormous potential. Over 800 square ft, the home can be designed several different ways: 1 BR with open completely open living space, center island and small office, a 2BR with more rooms and privacy, or a blend of both with an open layout and flex space. Brand new roof on the home and garage, all new HVAC including furnace and central air, smart thermostat and tankless hot water heater. As-is sale. Buyer responsible for CO. The manager has listed the unit size as 832 square feet.
| |||
| Dec 2, 2019 | Sold | ||
| Sold | |||
| Sep 21, 2019 | Listed by The Gallery Residential Brokerage | $279,900 | |
| Listed by The Gallery Residential Brokerage | |||
| | |||
|
Looking for your Belmar retreat? Here it is! This cute 1 bedroom 1 bathroom beach cottage is in the perfect location. 1 block to the river, 5 blocks to downtown, and a few more to Belmar beach. This home features, a beautiful front sun room leading into a large living room and dining room, all with hardwood floors and crown molding, and a large eat in kitchen, many windows let is so much natural light into the living space. The deep backyard has a nice patio for outdoor living with a large garage that features loft space. This is an amazing Condo alternative, or a summer get a way, this is truly a must see.
| |||
| Jun 23, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Belmar
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Listed by: David Najdzinowicz, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21239901
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# 21239901
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