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Belmar 07719 Belmar
1900 Ocean Avenue
$2,675,000
● House - Off Market

1900 Ocean Avenue

Belmar, NJ 07719
bedrooms
6 Beds
bathrooms
4 Baths
square feet
2,958 Ft²
$15,377
Est. Monthly
2.73%
Cap Rate

About This Property

Once you experience the sights, sounds and scent of the ocean, you'll never accept anything less. If your dream is to build a luxury home at the beach, this is your chance.  While working with your Architect, cover your costs by renting both 3 BR, 2 bath units in this legal 2 family. If your practical side prevails, you can keep the home as an investment, with a spacious beachfront apartment and another for family, friends or income. A huge basement and convenient garage has plenty of space for kayaks, paddleboards, or a car. Multiple decks will provide panoramic ocean views as a constant reminder of why your lifestyle will never be the same. Savvy buyers see the value just blocks from the Prestigious Spring Lake under going plenty of new homes & renovations.
Unit Size
2,958 Ft²
Days on Market
322 days
Land Size
0.14 acres
Price per sqft
$946
Property Type
House
Property Taxes
$1,633
HOA Dues
-
Year Built
1960

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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: 2 years ago (MOMLS #22312671)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
May 9, 2023 Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake $2,799,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,479
  • Garage Type: 4
  • Garage Square Area: 322
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,958
  • Building Area: 2,958
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,958
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Belmar Borough School District
  • Census Tract: 808402

Zoning

  • Zoning: R250

Geography

  • Assessors Map Reference: TAX MAP 28
  • Account Number: 900
  • District: 07
  • Parcel: 07 00190-0000-00001
  • Block: 190
  • Lot: 1
  • Municipality: BELMAR BORO
  • Latitude: 40.1694
  • Longitude: -74.0168

    Address

  • Full Address: 1900 Ocean Ave
  • Address - House Number: 1900
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Belmar
  • Carrier Code: C006
  • 4-Digit Zip Code: 2635
  • Zip Code: 07719

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,030,545

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 2,663,576
  • High Value: 2,891,426
  • Low Value: 2,435,726

    Market Valuation

  • Market Total Value: $1,444,200
  • Market Land Value: $1,180,000
  • Market Improvement Value: $264,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,444,200
  • Assessed Land Value: $1,180,000
  • Assessed Improvements Value: $264,200
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 Belmar

Stats & Trends

Median Asking:

$997,000

Sale Price/ft²

$696

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1740 ft²

Average Home Age

71.6 years

Currently For Sale

8 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 38 Vroom Avenue, Spring Lake, NJ, 07762

$8,500 /mo

  • 7 Beds
  • 4 Baths
38 Vroom Avenue, Spring Lake, NJ, 07762 Listing by Kristin Brauth
Unit for rent at 106 2nd Avenue, Belmar, NJ, 07719

$8,500 /mo

  • 4 Beds
  • 4 Baths
106 2nd Avenue, Belmar, NJ, 07719 Listing by Jesse Decker

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Edward James Szumski, Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22312671
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 1900 Ocean Avenue built and last sold?
The property at 1900 Ocean Avenue was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1900 Ocean Avenue is $2,826,990.
What are some comparable homes to 1900 Ocean Avenue?
There are currently no comparable homes to 1900 Ocean Avenue.
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