$462,000
●
House -
Off Market
2 Roop Avenue
Leonardo, NJ 07737
2 Beds
1 Bath
1,500 Ft²
$637,427
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
Be the first to see this two bedroom waterfront Ranch with
spectacular water views sitting on about a 3/4 acre lot. Many
possibilities including raising existing structure or build your
dream house on this large waterfront lot. Riparian rights are
included in the purchase. Possible subdivision is also an option.
Hurry will not last at this price!!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$280
Property Type
House
Property Taxes
$1,113
HOA Dues
-
Year Built
1978
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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 #21840094)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2018 | Sold | ||
| Sold | |||
| Oct 10, 2018 | Listed by EXIT Realty East Coast Shirvanian | $420,000 | |
| Listed by EXIT Realty East Coast Shirvanian | |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $749,900 | |
| Listed | |||
| | |||
|
Did you know it was possible to have a private beach in Middletown? Roop Avenue is a hidden gem in Leonardo that provides sweeping waterfront views of New York City and Sandy Hook. This huge lot can possibly be developed/ sub divided or the current bungalow house can be raised and kept for the perfect downsizing option with tremendous privacy. Riparian rights included in this purchase make it an excellent location for the fishing enthusiast. Options are endless with this one of a kind property. The manager has listed the unit size as 1500 square feet.
| |||
| Jul 29, 2017 | Listed | $779,000 | |
| Listed | |||
| | |||
|
Did you know it was possible to have a private beach in Middletown? Roop Avenue is a hidden gem in Leonardo that provides sweeping waterfront views of New York City and Sandy Hook. This huge lot can possibly be developed/ sub divided or the current bungalow house can be kept for the perfect downsizing option with tremendous privacy. Riparian rights included in this purchase make it an excellent location for the fishing enthusiast. Options are endless with this one of a kind property. The manager has listed the unit size as 1500 square feet.
| |||
Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
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ft²
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HOA + Taxes
About Leonardo
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Listed by: Richard Shirvanian, EXIT Realty East Coast Shirvanian
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21840094
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# 21840094
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