$70,000
●
Land -
Off Market
217 Bay Terrace
Seaside Heights, NJ 08751
Studio
0 Bath
$119,176
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Easy 5 minute walk to the bay or the beach. Build your dream
home. Lot consider a double lot in this area of Seaside
Heights. As per the owner. Build one large 2 story home
with garage underneath or two separate homes. House
also for Sale. 211 Bay Ter. Buy both and use this for
parking.
Unit Size
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Property Type
Land
Property Taxes
$118
HOA Dues
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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 #22005715)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2023 | Sold | ||
| Sold | |||
| Mar 10, 2023 | Listed by Homelister of NJ, Inc | $749,000 | |
| Listed by Homelister of NJ, Inc | |||
| | |||
|
Beautiful new construction home on 25 x 50 lot with stunning bay views from rooftop deck. Located only 2.5 blocks from seaside heights boardwalk/beach and 1 block from seaside park. This custom home features 3 floors including 2.5 car garage parking under living area. Main floor consists of modern kitchen w/waterfall counter & stainless steel appliances, dining/living rooms and deck with open layout perfect for entertaining or just enjoying your new shore house. 2nd floor consists of master bedroom with walk in closet and private bathroom/deck, 2 bedrooms with cathedral ceilings, laundry room and bathroom. 3rd floor has loft with private bathroom and wet bar, including roof top deck with beautiful views. Home buyer 10yr warranty and Avg summer weekly rentals 4k-5k.
| |||
| Oct 16, 2021 | No longer available | - | |
| No longer available | |||
| Aug 7, 2021 | Price Decreased |
$219,900
↓ $50K
(18.5%) | |
| Price Decreased | |||
| Apr 21, 2021 | Listed by Seaside Heights Realty Inc. | $269,900 | |
| Listed by Seaside Heights Realty Inc. | |||
| | |||
|
Newly sub-divided buildable lot. See attached plans in the documents tab to build your new +/-2,000 square foot shore home w a 3 car garage, 4 bedrooms and 4 baths. Includes rooftop deck with bay views on a quiet street. Build your own new Shore home or owner will build this dream house for you. 2 blocks to the Seaside Heights and Seaside Park Beaches. Walk to restaurants, shopping, rides, boardwalk. 1 Hr from NYC, AC and Philly off Exit 82 on the GS PKY.
| |||
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About Seaside Heights
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Listed by: Susan Lucas-Sterling, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22005715
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# 22005715
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Phone: 425-283-2930
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