$725,000
●
Property -
Off Market
16 Spring Lake Boulevard
Waretown, NJ 08758
Studio
3 Baths,
1
Half Bath
3,188 Ft²
$4,543
Est. Monthly
$260
HOA / Fees
2.99%
Cap Rate
About This Property
Greenbriar Oceanaire, Unique 3BR/2.5BA Chesapeake with walkout
basement and 2 primary bedrooms, each with bathroom and walk-in
closet. Lot backs to woods. This home offers hardwood floors,
paneled walls in the dining room and hallway. A large built-in wall
unit in the family room. The sunroom features glass French doors.
The kitchen has granite countertops, unique additional cabinets and
large pantry. The second primary bedroom suite is off the loft with
a full bathroom and huge walk-in closet. The approx. 1,500 square
feet walk out basement is partly finished and is an immense storage
and work area. Greenbriar Oceanaire offers 18 Hole golf course,
clubhouse, in & outdoor pools, restaurant & pub, ballroom, tennis,
pickleball courts & bocce. Buyer pays 1 time fee $4,780 + Admin.
Fee $285+
Unit Size
3,188 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$227
Property Type
Property
Property Taxes
$722
HOA Dues
$260
Year Built
2004
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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 #22420663)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by Diane Turton, Realtors-Lacey | $725,000 | |
| Listed by Diane Turton, Realtors-Lacey | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Concrete, Driveway, On Street, Direct Access
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Interior Features: Attic - Pull Down Stairs, Bay/Bow Window, Built-Ins, Dec Molding, French Doors, Laundry Tub, Loft, Security System, Sliding Door, Breakfast Bar, Recessed Lighting
Flooring Type: Cement, Ceramic Tile, Engineered
Has Basement
Full, Sliding Glass Door, Partially Finished, Walk-Out Access
Exterior Details
Year Built: 2004
Parcel Number: 21-00057-10-00008
Exclusions: furniture, personal effects
Inclusions: Washer, Window Treatments, Timer Thermostat, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Light Fixtures, Microwave, Security System, Stove, Refrigerator, Screens, Awnings, Garage Door Opener, Gas Cooking
Exterior Features: Deck, Fence, Patio
Foundation Details: Slab
Roof: Timberline
Architectural Style: 2 Story, Detached
Back to Woods, Oversized
Lot Size Dimensions: 55 x 110
Lot Size Acres: 0.14
Lot Size Square Feet: 6098.4
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $621,800
Tax Year: 2023
Tax Annual Amount: $8,667
Association Fee Includes: Common Area, Lawn Maintenance, Mgmt Fees, Pool, Snow Removal
Association Amenities: Tennis Court, Professional Management, Controlled Access, Association, Exercise Room, Pool, Golf Course, Clubhouse, Common Area, Bocci
Association Fee: $260
Association Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air, 2 Zoned AC
Heating Type: Natural Gas, Forced Air, 2 Zoned Heat
Sewer Information: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/19/2024
| |
Loft
|
3 Bath
|
3188 ft²
|
$725,000
Loft
3 Bath
3188 ft²
|
$725,000
08/30/2024
|
Frank Fontana
Diane Turton, Realtors-Lacey
|
|
12/22/2023
| |
Loft
|
2.5 Bath
|
3188 ft²
|
$699,999
Loft
2.5 Bath
3188 ft²
|
-
-
|
DIONNE SKELLY-SANTOMAURO
GOLDSTONE REALTY
|
Building Info
About Ocean
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Listed by: Frank C Fontana, Diane Turton, Realtors-Lacey
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22420663
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22420663
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