$3,000,000
●
House -
Off Market
216 Monroe Avenue
Spring Lake, NJ 07762
5 Beds
7 Baths,
1
Half Bath
3,978 Ft²
$4,314,671
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Overlooking the canopy of mature trees heading toward the north end
beach, this architecturally intriguing brand new 5/6 BR home will
provide years of memories for your family & friends. The deep
front porch & flared cedar shake siding greet you. Upon
arrival, you're impressed with the hint of shiplap wall covering &
French white oak flooring that are thematic throughout the home.
The open floor plan suggests casual entertaining & weekend
dinner parties. The gourmet Kitchen is complemented by Wolfe &
SubZero appliances. The 1st level BR w/ en suite Bath is an
unexpected bonus. The Master BR/Sitting Room/Bath is a stunning
retreat with an expansive His/Hers closet. The finished basement,
outdoor BBQ & private rear yard offer amenities that are sure to
enhance your Jersey Shore lifestyle!
Unit Size
3,978 Ft²
Days on Market
-
Land Size
-
Price per sqft
$792
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #21935174)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2020 | Sold | ||
| Sold | |||
| Aug 26, 2019 | Listed by Ward Wight Sotheby's International Realty | $3,150,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Apr 6, 2018 | Sold | ||
| Sold | |||
| Sep 26, 2017 | Listed by Ward Wight Sotheby's International Realty | $1,450,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| | |||
|
This property is a rare gem in Spring Lake's desirable north end and rests east of 3rd Avenue. The home is a well maintained, recently updated Cape Cod that is set high on the lot overlooking a charming, desirable neighborhood. The grandfathered front entry garage on this 50 x 150 lot has translated into a beautifully landscaped and manicured rear yard that can easily accommodate an impressive in ground pool - perhaps one of only a few lots of its kind in the north end! Move in now and enjoy or take advantage of this home's unique ability to accommodate additions and renovations. The fabulous location with direct access to the beach and new North End Pavilion awaits you. Don’t miss out on this exceptional investment opportunity...they don’t come around like this too often!
| |||
| Feb 20, 2014 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Spring Lake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Michael Skea, Ward Wight Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21935174
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: 2 years ago
Data Source: MOMMLS, MLS# 21935174
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017