$899,000
●
House -
Off Market
1725 Certainty Drive
Point Pleasant, NJ 08742
3 Beds
2 Baths
1,504 Ft²
$905,970
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Extremely sought after but very rarely available is the 75' wide
property on a premium Lagoon street in Bay Head Shores! NOW is your
chance to either update this cute ranch or build your dream home on
Certainty Drive, which has a deep and wide lagoon, great elevation
(no Sandy damage at this property), just 3 blocks from the
Elementary School, and just a couple mins for your boat to be in
Bay Head Harbor! Vinyl Bulkhead! Well-kept ranch has been lovingly
maintained and offers much upgrading potential. Or, the new
construction options of a 75' x 100' property are incredible with
the extra space for more house/pool/garage/privacy which
conventional lot sizes simply can not accommodate! Voluntary
membership avail. for Bay Head Shores HOA Clubhouse/Beach!
Unit Size
1,504 Ft²
Days on Market
-
Land Size
-
Price per sqft
$598
Property Type
House
Property Taxes
$1,073
HOA Dues
-
Year Built
1959
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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 #22308635)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 25, 2023 | Sold | ||
| Sold | |||
| Apr 28, 2023 | No longer available | - | |
| No longer available | |||
| Apr 18, 2023 | Listed by Coldwell Banker Res. Brokerage | $899,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
| | |||
|
Extremely sought after but very rarely available is the 75' wide property on a premium Lagoon in Bay Head Shores! NOW is your chance to build your dream home on Certainty Drive, which has a deep and wide lagoon, great elevation (no Sandy damage at this property!), just 3 blocks from the Elementary School, and just a couple mins for your boat to be in Bay Head Harbor! Newer Vinyl Bulkhead has already been done for you! The development potential of a 75' x 100' property is incredible with the extra space for more house/pool/garage/privacy which conventional 50' wide lot sizes simply can not offer! Lot can accommodate a house up to 4,500 sq. ft! With newer lagoon-front houses nearby selling for $1.9 - $2.2 million, this oversized lot for only $899,000 is a home run!
| |||
| Apr 1, 2023 | Listed by Coldwell Banker Realty | $899,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Point Pleasant
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gregory M Rice, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22308635
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# 22308635
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