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Point Pleasant Beach 08742 Point Pleasant Beach
1431 Ocean Front
$1,100,000
● Land - Off Market

1431 Ocean Front

Point Pleasant Beach, NJ 08742
bedrooms
Studio
bathrooms
0 Bath
$2,339,236
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

Experience this fabulous Oceanfront location, north of the Elizabeth/Carter Beach Association in the desirable southern end of Point Pleasant Beach. Capitalize on an amazing opportunity to design and build your dream home on a rare oceanfront corner lot with a unique second lot to the east, offering an unobstructed southern exposure and 180 degree ocean views. Create your own good life, like no other at the Jersey Shore!
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,739
HOA Dues
-
Year Built
1940

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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 #21319146)

Price History

Date / Event Date Event Price
Dec 5, 2013 Sold
Premium
Sold
May 31, 2013 Listed by Coldwell Banker Riviera Realty $1,200,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,570
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE OF THE LILLIES TRACT
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Point Pleasant Beach Borough School District
  • Census Tract: 711100

Zoning

  • Zoning: SF5

Geography

  • Assessors Map Reference: TAX MAP 2
  • Account Number: 674
  • District: 26
  • Parcel: 26 00017- 01-00056
  • Block: 17.01
  • Lot: 56
  • Municipality: PT PLEASANT BEACH BORO
  • Latitude: 40.081
  • Longitude: -74.0402

    Address

  • Full Address: 1431 Ocean Front
  • Address - House Number: 1431
  • Address - Street Name: Ocean Front
  • State: NJ
  • City Name: Point Pleasant Beach
  • Carrier Code: C021
  • 4-Digit Zip Code: 4192
  • Zip Code: 08742

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,081,119

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 2,140,096
  • High Value: 2,554,196
  • Low Value: 1,725,996

    Market Valuation

  • Market Total Value: $1,903,100
  • Market Land Value: $1,206,000
  • Market Improvement Value: $697,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,903,100
  • Assessed Land Value: $1,206,000
  • Assessed Improvements Value: $697,100

    Sales

  • Current Sale Contract Date: Dec 04, 2013
  • Current Sale Recording Date: Dec 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013135616
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Point Pleasant Beach

Stats & Trends

Median Asking:

$1,199,450

Sale Price/ft²

$696

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1224 ft²

Average Home Age

62 years

Currently For Sale

25 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 310 Maryland Avenue, Point Pleasant Beach, NJ, 08742

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 704 ft²
310 Maryland Avenue #19B, Point Pleasant Beach, NJ, 08742 Listing by Gloria Carpinello

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joanne M Platz, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21319146
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.

Frequently Asked Questions

When was property at 1431 Ocean Front built and last sold?
The property at 1431 Ocean Front was built in 1940 and last sold on Dec 4, 2013 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 1431 Ocean Front is $0.
What are some comparable homes to 1431 Ocean Front?
There are currently no comparable homes to 1431 Ocean Front.
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