$3,750,000
●
House -
Off Market
2409 Prospect Avenue
Spring Lake, NJ 07762
5 Beds
4 Baths
$8,300,895
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model
About This Property
One of the HIGHEST ELEVATIONS IN ALL OF SPRING LAKE. Expansive,
Unobstructed Oceanfront views without being on well-traveled Ocean
Ave. Oversized 105 by 117 by 150 corner lot. A mix of original
charm with newer kitchen make this home ready to enjoy now or
provides the option of collecting substantial rent while making
plans to build. Extremely rare and desirable locations such as this
can take 30 years to come to market.
Unit Size
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Days on Market
-
Land Size
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Price per sqft
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Property Type
House
Property Taxes
$1,703
HOA Dues
-
Year Built
1958
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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 #21936317)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 10, 2020 | No longer available | - | |
| No longer available | |||
| Sep 10, 2020 | In contract | - | |
| In contract | |||
| Aug 8, 2020 | Listed | $5,199,000 | |
| Listed | |||
| | |||
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Dream it, build it and create a lifestyle for the finest coastal living in Spring Lake. This is a ''one of a kind'' opportunity to build your dream home, overlooking a ''Green Acres'' protected park, straight across to the Atlantic Ocean. It's not very often that a property with expansive unobstructed ocean views on an oversized corner lot, comes along. The possibilities are endless, (already approved) for a 8,311 SF home, with 16 x 20 pool, cabana, 2 car garage and more. Bring your vision and live your best life in Spring Lake. Existing charming home has 5 beds/4 baths and is being sold ''as is''.
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| Jun 20, 2020 | Listed | $7,700,000 | |
| Listed | |||
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PREMIER LOCATION Enjoy captivating ocean views from the privacy of your own custom estate in Spring Lake's North End. This is a unique opportunity to create your own custom home in this very sought-after location. Experience the breathtaking views and expansive vistas of the ocean, or gaze out at the sunrise and sunset from your own master suite or porch. Take a swim in your private pool or a dip in the ocean, just a few steps away. This home has been masterfully designed for the optimal lifestyle by the renowned M.B. Hearn Architectural firm and to be built by quality craftsmen and the reliability of prominent local Spring Lake builders. Start planning the lifestyle you have always dreamed of living....and call Spring Lake your home. The manager has listed the unit size as 8311 square feet.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Spring Lake
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Listed by: Patrick Butera, RE/MAX Paradigm Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21936317
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# 21936317
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017