$598,500
●
House -
Off Market
142 Main Avenue
Ocean Grove, NJ 07756
2 Beds
1 Bath
912 Ft²
$646,772
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
Charming Low-Maintenance, Sunny 2BR/1BA Ranch w/Huge Full Basement
& Fabulous Paved Secluded Backyard Is Perfectly Situated in
Historic Ocean Grove w/Award-Winning Beaches & Just 2 Blocks to Red
Hot Asbury Park, NYC Train/Bus & Shops. Recent Renovations Created
Open-Floor Plan w/Cathedral Ceilings & Stunning Bathroom w/Crisp
White Tile. Massive Basement w Heat & Central Air + 7 ft. Ceilings,
is Just Waiting to Be Finished. Overhauled w/an Added Support Beam,
You Can Create Myriad Opportunities...Billiards or Ping Pong
Anyone? Extra Sleeping Space, Exercise Room or All of The Above.
The Kitschy Sunlit Eat-In-Kitchen Showcases SS Refrigerator &
Stove. Great Weekend Get-Away or Year-Round Solid Home. Big-Ticket
Items Only 4 Years Old Central Air, Furnace & HWH
Unit Size
912 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$679
Property Type
House
Property Taxes
$786
HOA Dues
-
Year Built
1963
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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 #22233450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Aug 17, 2024 | Price Decreased |
$680,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Jun 5, 2024 | Price Decreased |
$695,000
↓ $35K
(4.8%) | |
| Price Decreased | |||
| Apr 29, 2024 | Listed by Coldwell Banker Realty | $729,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Beautiful 2 bedroom 1 bath Ranch with full basement to create an extra living space. Blocks to the Ocean Grove beaches. Home has a brand new Kitchen with Stainless Steel appliance and Wine Refrigerator added to host your friends and family. Just 2 blocks to Hot Asbury Park and all the music and restaurants it has to offer. Open floor plan living at its finest! The full basement with heat and central air would be perfect for a yoga studio, exercise room or even extra sleeping space. Great weekend get away or Year Round home. Brand new roof and gutters were completed in 2023. The Air , Furnace and Hot water heater were replaced 5 years ago.Time to Live the dream!
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Neptune
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Listed by: Thea Bowers, RE/MAX Gateway
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22233450
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# 22233450
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