$3,100,000
●
House -
Off Market
139 Monroe Avenue
Spring Lake, NJ 07762
2 Beds
2 Baths,
1
Half Bath
$3,393,078
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
A first time offering in Spring Lake's North End, this 75 X 125 lot
is the perfect location to build your new home. Nestled between
First Avenue and Seawood Way, the home was one of the first to be
built on the tract of land known as Seawood Acres. The value is in
the land. The property is on quiet street, just two blocks to the
boardwalk, beach and Lake Como. The location affords the new owners
a secluded backyard with a southern exposure and beautiful ocean
breezes. Abundant sunshine is the perfect setting for your pool,
deck and outdoor living space. Close to school, church, park and
downtown business district.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,021
HOA Dues
-
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: 3 years ago (MOMLS #22138887)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| Mar 9, 2022 | Sold | ||
| Sold | |||
| Jan 23, 2022 | Listed by Ward Wight Sotheby's International Realty | $6,395,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| | |||
|
CONSTRUCTION HAS STARTED IN THIS GREAT ''NORTH END'' LOCATION! Hurry, because now is the perfect time for you to personalize the design of this spectacular new offering with one of Spring Lake's most reputable and prominent builders. Meticulous craftsmanship and the finest finishes will complement this 6000 SF+ (inclusive of the finished basement), 7/8 BR, 7.5 Bath home with a 4 stop elevator, gorgeous outdoor cabana/bar and in-ground gunite pool set on a 75' WIDE PRIVATE HOMESITE! The 10' first floor ceilings, expansive open floor plan and 9' full finished basement will conjure thoughts of the casual, coastal lifestyle you've been dreaming of!
| |||
| Dec 14, 2021 | Listed by Lake Como Realty | $3,295,000 | |
| Listed by Lake Como Realty | |||
| Oct 28, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Elevator
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
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Spring Lake
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Listed by: Karen Haulenbeek, Lake Como Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22138887
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# 22138887
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