$816,000
●
House -
Off Market
2557 River Road
Manasquan, NJ 08736
4 Beds
3 Baths,
2
Half Baths
$1,354,815
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
Rare opportunity for Manasquan River waterfront home! Keep and
renovate this storybook cottage or come build your ultimate dream
home with expanded water views and access. Riparian grant included,
build your own dock and park your boat hillside right at your own
back door. Pricing reflects the value of the land. Property
strictly being sold as-is.
Unit Size
-
Days on Market
-
Land Size
0.45 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,342
HOA Dues
-
Year Built
1935
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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 #21837595)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2022 | Sold | ||
| Sold | |||
| Mar 9, 2022 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Sea Girt | $1,600,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Sea Girt | |||
| | |||
|
Magnificent views on highly sought-after River Road, one of the best waterfront locations on the Jersey Shore. Comes with Riparian Grant, not a lease, which is superior, plus a Brand New dock has been completed and a New bulkhead is being installed now. The old step to the water have been removed. This old world, charming home is not in a flood zone and sits high and dry with some of the most breathtaking Manasquan River views, access to both calm waters and the sea. The house could be a renovate project, or you can build your dream home in this premium neighborhood. Minutes to downtown and beaches of Manasquan, Spring Lake and Sea Girt. Access to GSP, Rt 35, Rt 34, shopping and dining. 2 small BRs on the 1st floor, 2 tiny rooms on the second floor. Value is in this great piece of property
| |||
| May 18, 2020 | Sold | ||
| Sold | |||
| Mar 24, 2020 | Listed by RE/MAX Paradigm Realty Group | $999,000 | |
| Listed by RE/MAX Paradigm Realty Group | |||
| | |||
|
*VACANT & EASY TO SHOW* Great opportunity to own a home in one of the best waterfront locations on the Jersey Shore: the beautiful and highly sought-after River Road. Home comes with a Riparian Grant, which is superior to a lease, plus a new Dock approval that allows you almost 5 years to build at your own convenience. This old world charming home is not in a flood zone and in fact sits high and dry with some of the most breathtaking Manasquan River views. The house can be a fun project to renovate, or you can build your dream home and have no worries for decades to come. Minutes to the downtowns and beaches of Manasquan, Spring Lake and Sea Girt. Easy access to GSP, Rt 34, Rt 35, & close to shopping and dining. An affordable way to live in a paradise setting like this is not easy to find!
| |||
| Oct 22, 2019 | Sold | ||
| Sold | |||
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About Monmouth
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Listed by: Ethan O'Malley, D'Amico & McConnell Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21837595
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# 21837595
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