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Leonardo 07737 Leonardo
228 Beach Avenue
$1,090,000
● House - Off Market

228 Beach Avenue

Leonardo, NJ 07737
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
$1,588,362
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Beachfront Living at its Best!  This 4 year young home is perfection! This fabulous home is great for entertaining with gorgeous Chef's kitchen, Thermador appliances, honed granite & quartzite counters & custom cabinets! Open to formal dining & living rm with 36' walls of windows for your NYC skyline & water views & Balcony overlooking the beach! Hardwood floors thru out,2nd floor en suite, plus Master ste & 3rd BR on 3rd floor. 3.5 Stunning marble & glass tile baths! 1st floor den/exercise rm. Dual paver driveways to oversized 2 car garage. Professionally landscaped w/paver covered patio lounge for outdoor fun! With direct access to Sandy Hook Bay beach & just steps to Leonardo Marina for your boat! Close to NYC Ferry & Bus! Mins to shopping & Train! A really nice place to live & breathe!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,300
HOA Dues
-
Year Built
2016

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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: 2 years ago (MOMLS #22013657)

Price History

Date / Event Date Event Price
Sep 9, 2020 Sold
Premium
Sold
May 2, 2020 Listed by Resources Real Estate $1,175,000
Listed by Resources Real Estate
Mar 23, 2020 No longer available -
No longer available
Feb 5, 2020 Listed $1,175,000
Listed
Always wanted to live at the beach? Opportunity knocks! This 3 year old home is perfection! With direct access to Sandy Hook Bay beach & just steps to the Leonardo Marina for your boat! This fabulous home is great for entertaining with gorgeous Chef's kitchen & Thermador appliances, honed granite & quartzite counters & custom cabinets! Open to formal dining & living rm with 36' walls of windows for your NYC skyline & water views & Balcony overlooking the beach! Hardwood floors thru out, en suite on 2nd floor, plus Master ste & 3rd BR on 3rd floor. 3.5 Stunning marble & glass tile baths! 1st floor den/exercise rm. Dual paver driveways to oversized 2 car garage. Professionally landscaped w/paver covered patio lounge for outdoor fun! Close to NYC Ferry & Bus! A really nice place to live!

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,576
  • Building Area: 2,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: TAX MAP 31
  • District: 32
  • Parcel: 32 00374-0000-00013
  • Block: 374
  • Lot: 13
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4226
  • Longitude: -74.06

    Address

  • Full Address: 228 Beach Ave
  • Address - House Number: 228
  • Address - Street Name: Beach
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1431
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,848,015

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,272,469
  • High Value: 1,514,376
  • Low Value: 1,030,562

    Market Valuation

  • Market Total Value: $1,063,300
  • Market Land Value: $500,400
  • Market Improvement Value: $562,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,063,300
  • Assessed Land Value: $500,400
  • Assessed Improvements Value: $562,900

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020104928
  • Previous Sale Recording Date: Apr 28, 2016
  • Previous Sale Contract Date: Apr 18, 2016
  • Previous Sale Amount: $850,000
  • 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 Leonardo

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$381

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1267 ft²

Average Home Age

81.3 years

Currently For Sale

6 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 Central Avenue, Atlantic Highlands, NJ, 07716

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,645 ft²
1 Central Avenue #20, Atlantic Highlands, NJ, 07716 Listing by Renee Astacio
Unit for rent at 16 Browns Lane, Atlantic Highlands, NJ, 07716

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Mary Lynn Hughes, Resources Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22013657
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 228 Beach Avenue built and last sold?
The property at 228 Beach Avenue was built in 2016 and last sold on Sep 8, 2020 for $1,090,000.
How much is this home worth?
The estimated value of the home located at 228 Beach Avenue is $0.
What are some comparable homes to 228 Beach Avenue?
There are currently no comparable homes to 228 Beach Avenue.
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