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Highlands 07732 Highlands
20 Gravelly Point Road
$55,000
● House - Off Market

20 Gravelly Point Road

Highlands, NJ 07732
bedrooms
1 Bed
bathrooms
1 Bath
$117,564
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

OPPORTUNITY KNOCKS. BUNGALOW THAT IS READY FOR REHAB AFTER SUPERSTORM SANDY. MAY POSSIBLY BE RAISED TO MEET NEW FEMA CODES OR RAZED FOR A NEW HOME. WALK TO PRIVATE BEACH MANAGED BY THE GRAVELLY POINT BEACH ASSOCIATION. COME GET THIS PROPERTY WHILE YOU CAN.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$60
Year Built
2017

Payment Calculator

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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 #21311704)

Price History

Date / Event Date Event Price
Jun 27, 2013 Sold
Premium
Sold
Apr 8, 2013 Listed by Berkshire Hathaway HomeServices Healy Realtors $59,900
Listed by Berkshire Hathaway HomeServices Healy Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Garage Square Area: 756
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 715
  • Total Building Area: 2,376
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANVELLY POINT BEACH
  • Land Acres: 0000000016
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Highlands Borough School District
  • Census Tract: 800101

Zoning

  • Zoning: 3929

Geography

  • Account Number: 00017950
  • District: 19
  • Parcel: 19 00100-0000-00026- 20
  • Block: 100
  • Lot: 26.20
  • Municipality: HIGHLANDS BORO
  • Latitude: 40.4066
  • Longitude: -73.996

    Address

  • Full Address: 20 Gravelly Point Rd
  • Address - House Number: 20
  • Address - Street Name: Gravelly Point
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Highlands
  • Carrier Code: C001
  • 4-Digit Zip Code: 1417
  • Zip Code: 07732

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,197,381

    Appraisal Valuation

  • Standard Deviation: 0.1364
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 797,260
  • High Value: 906,068
  • Low Value: 688,452

    Market Valuation

  • Market Total Value: $596,900
  • Market Land Value: $220,000
  • Market Improvement Value: $376,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596,900
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $376,900

    Sales

  • Current Sale Contract Date: May 19, 2017
  • Current Sale Recording Date: Jun 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017058360
  • Previous Sale Recording Date: Feb 04, 2014
  • Previous Sale Contract Date: Jan 27, 2014
  • Previous Sale Amount: $59,000
  • Previous Sale Document Type: 27
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 Highlands

Stats & Trends

Median Asking:

$644,000

Sale Price/ft²

$443

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1350 ft²

Average Home Age

55.7 years

Currently For Sale

22 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 1 Scenic Drive, Highlands, NJ, 07732

$2,500 /mo

  • 1 Bed
  • 1 Bath
  • 893 ft²
1 Scenic Drive #501, Highlands, NJ, 07732 Listing by Elizabeth Justin

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Paul A Moravek, Berkshire Hathaway HomeServices Healy Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21311704
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 20 Gravelly Point Road built and last sold?
The property at 20 Gravelly Point Road was built in 2017 and last sold on May 19, 2017 for $80,000.
How much is this home worth?
The estimated value of the home located at 20 Gravelly Point Road is $60,499.
What are some comparable homes to 20 Gravelly Point Road?
There are currently no comparable homes to 20 Gravelly Point Road.
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