$919,000
●
House -
Off Market
3 Horicon Drive
Ocean Twp, NJ 07712
4 Beds
4 Baths,
2
Half Baths
3,005 Ft²
$5,538
Est. Monthly
4.15%
Cap Rate
About This Property
Don't miss this special and unique home located in desirable
Wayside. Mid Century modern home is set on just over a half acre
and offers four bedrooms, two full bathrooms, and two half baths,
Open floor plan connects the eat-in kitchen, dining room, and great
room, creating an ideal space for hosting gatherings. The sunken
living room serves as the heart of the home, featuring a cozy
wood-burning fireplace, a wet bar, and wooden planked details in
the ceiling. Spacious full finished basement provides additional
living space and storage. Private fenced in backyard is a tranquil
oasis, complete with a swimming pool and paver patio. Professional
landscaping enhances the peaceful setting, coming to life in the
spring and providing a beautiful backdrop for outdoor enjoyment.
Unit Size
3,005 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$306
Property Type
House
Property Taxes
$1,025
HOA Dues
-
Year Built
1968
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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 #22405277)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2024 | Sold | ||
| Sold | |||
| Feb 27, 2024 | Listed by Heritage House Sotheby's International Realty | $919,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| May 11, 2018 | Sold | ||
| Sold | |||
| Feb 9, 2018 | Listed by Long & Foster Real Estate, Inc. | $589,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| | |||
|
A true gem! Mission Revival and Mid-Century Modern schools of architecture blend harmoniously to create this expansive California Contemporary home. This home has been meticulously maintained and boasts many unique details such as a platform hallway, decorative trim, recessed ceiling wells, and skylights abound. The en-suite master bedroom comes complete with a magnificent sunken shower that has no need for an enclosure. The landscape has been planted with the seasons in mind so there is rarely a lack of blossoms and the trees are trimmed to artistic standards. The backyard is extremely private to allow for an enjoyable afternoon relaxing on the patio or taking a dip in the inground pool. Located in the sought-after Wayside section of Ocean Township.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Monmouth
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Listed by: Kathleen Gay, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22405277
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: 2 years ago
Data Source: MOMMLS, MLS# 22405277
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