$750,000
●
House -
Off Market
216 Prospect Avenue
Pine Beach, NJ 08741
4 Beds
2 Baths
2,028 Ft²
$4,430
Est. Monthly
5.03%
Cap Rate
About This Property
Rarely does one property have it all! Thoughtfully designed
expanded ranch with beautiful water views, situated on a double
lot, offers 4 bdrms, 2 baths, ovrszd garage & multiple parking
areas to accommodate a multitude of vehicles/watercrafts. Fabulous
interior & exterior entertainment space provides a perfect setting
for relaxation & social gatherings. Interior flowing floor plan
offers comfort plus great functionality. Exterior features a Gunite
inground pool, multiple patio areas, open/covered porches &
spacious grass area. Enjoy beautiful riverfront views, spectacular
sunsets & front row seats to amazing firework displays, all without
leaving home. Quaint waterfront community, sailing pgms/yacht
club,bike paths/park areas, beachfront pavilions & scenic
riverfront activity!
Unit Size
2,028 Ft²
Days on Market
71 days
Land Size
0.43 acres
Price per sqft
$364
Property Type
House
Property Taxes
$801
HOA Dues
-
Year Built
1949
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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 #22432015)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Nov 17, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by RE/MAX at Barnegat Bay | $739,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| Jun 25, 2015 | Sold | ||
| Sold | |||
| Sep 13, 2014 | Listed by Keller Williams Realty East Monmouth | $274,900 | |
| Listed by Keller Williams Realty East Monmouth | |||
| | |||
|
Amazing buy for sought after Pine Beach! Sprawling Ranch, situated on an oversize, 150x125' lot with *potential to subdivide or build up for unobstructed river views! Supreme location, amidst high end homes. Boat ramp and recreation just steps from the property! Large in ground pool and private backyard. Home offers great room, kitchen with breakfast counter/bar area and maple cabinets. Dining room, formal living room, three bedrooms and two full baths. Gleaming hardwood floors throughout much of the home. Basement. See full gallery.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Pine Beach
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Listed by: Lorraine F Petersen, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22432015
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# 22432015
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