$4,600,000
●
House -
Off Market
23 Pitney Avenue
Spring Lake, NJ 07762
5 Beds
8 Baths,
3
Half Baths
6,126 Ft²
$10,698,810
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model
About This Property
Beautiful new construction located at Spring Lake's North End.
6,126 square feet, 5 bedrooms, 5 full baths and 3 half baths,
elevator, 4 balconies, attached 3 car garage plus 1,022 sf finished
basement. Outstanding design and quality workmanship, just steps to
the beach and Spring Lake boardwalk.
Unit Size
6,126 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$816
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2011
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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 #21218953)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 29, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $5,525,000 | |
| Listed | |||
| | |||
|
Luxury living personified in Spring Lake. Outstanding curb appeal. Built in 2011 and improved with spectacular salt water heated pool and spa. Over 6000 square feet of tastefully designed and elegantly decorated living space throughout this 6 Bedroom, 8 Bath home located just steps to the beach. Chef's kitchen features Wolf double oven, 48 inch gas cooktop, 2 dishwashers, farm sink, and walk-in pantry. Grand master suite with sitting area, fireplace and walk-in closet. Enjoy ocean views and breezes from the upper bedroom balconies and covered porches below. Outdoor space includes Wolf grilling station, impressive landscaping and outdoor shower. Huge lower level with full bath, wine cellar, and tons of storage space. 3 stop paneled elevator and first floor bedroom make this home a winner. The manager has listed the unit size as 6126 square feet.
| |||
| Jun 26, 2017 | Listed by RE/MAX Paradigm Realty Group | $5,525,000 | |
| Listed by RE/MAX Paradigm Realty Group | |||
| | |||
|
Luxury living personified in Spring Lake. Outstanding curb appeal. Built in 2011 and improved with spectacular salt water heated pool and spa. Over 6000 square feet of tastefully designed and elegantly decorated living space throughout this 6 Bedroom, 8 Bath home located just steps to the beach. Chef's kitchen features Wolf double oven, 48 inch gas cooktop, 2 dishwashers, farm sink, and walk-in pantry. Grand master suite with sitting area, fireplace and walk-in closet. Enjoy ocean views and breezes from the upper bedroom balconies and covered porches below. Outdoor space includes Wolf grilling station, impressive landscaping and outdoor shower. Huge lower level with full bath, wine cellar, and tons of storage space. 3 stop paneled elevator and first floor bedroom make this home a winner.
| |||
| Jan 18, 2013 | Sold | ||
| Sold | |||
| May 20, 2012 | Listed by Diane Turton, Realtors-Spring Lake | $4,999,000 | |
| Listed by Diane Turton, Realtors-Spring Lake | |||
Property Highlights
Elevator
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
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About Spring Lake
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Listed by: Diane S Turton, Diane Turton, Realtors-Spring Lake
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21218953
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21218953
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