297 Cedar Avenue
About This Property
for a fast closing so this home's new family can start making memories as they enjoy the rest of the summer in NJ's best beach town & make some new friends before school starts!
Beautiful,spacious colonial home with open floor plan located on one of Manasquan?s best tree-lined streets in great family neighborhood! This is a must-see home!
Renovated 3 years ago, this home offers 4 to 5 bedrooms and 3 full bathrooms (could easily convert to 6 bedrooms 4 full bathrooms). Custom painted interior with stained oak hardwood flooring throughout, crown molding, plantation shutters, upgraded window/door trim, Carrera marble master bathroom tops, custom kitchen counter and tile backsplash, soft close kitchen cabinets and drawers, House completely renovated in 2014. All new maintenance free exterior, Timberline roof, vinyl siding & shutters. Anderson high performance windows with grilles and screens. New electrical, plumbing and HVAC systems; 2 zone forced Rheem gas heat and air conditioning. Navian hot water system. Partial full basement.
Exterior: Fenced-in hard, enclosed outdoor hot/cold shower. Extended paver patio. Asphalt driveway with plenty of off-street parking. Landscaped yard with in-ground sprinkler system. Natural gas line for grill. Detached 2 car garage with one electric door opener: completely finished with extra bonus man/woman cave, cable TV, recessed hi-hat lights and ceiling fan; garage is like having an extra TV/entertaining space in the house.
Perfectly located: east of Route 71, a short bike ride (9 Blocks) to the beach and walking distance to parks, Glimmer Glass and downtown Main Street including train station. Great family neighborhood Owners considering yearly rental $4500 a mo. Credit ck, 1.5 mo sec,proof of salary,tax ret etc
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2017 | Sold | ||
| Sold | |||
| Jul 17, 2017 | Listed by Coldwell Banker Realty | $959,000 | |
| Listed by Coldwell Banker Realty | |||
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About Manasquan
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017