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Point Pleasant 08742 Point Pleasant
304 Cedar Road
$290,000
● Land - Off Market

304 Cedar Road

Point Pleasant, NJ 08742
bedrooms
Studio
bathrooms
0 Bath
$463,050
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$303
HOA Dues
-
Year Built
2020

Payment Calculator

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Cap Rate Calculator

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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 #21917142)

Price History

Date / Event Date Event Price
Jun 24, 2019 Sold
Premium
Sold
Apr 24, 2019 Listed by Diane Turton, Realtors-Point Pleasant Boro $315,000
Listed by Diane Turton, Realtors-Point Pleasant Boro

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,530
  • Building Area: 2,530
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,530
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Point Pleasant Borough School District
  • Census Tract: 711200

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 4
  • District: 25
  • Parcel: 25 00037-0000-00065
  • Block: 37
  • Lot: 65
  • Municipality: POINT PLEASANT BORO
  • Latitude: 40.0849
  • Longitude: -74.0693

    Address

  • Full Address: 304 Cedar Rd
  • Address - House Number: 304
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Point Pleasant Boro
  • Carrier Code: C034
  • 4-Digit Zip Code: 2207
  • Zip Code: 08742

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,337,268

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,092,637
  • High Value: 1,259,898
  • Low Value: 925,375

    Market Valuation

  • Market Total Value: $624,600
  • Market Land Value: $190,000
  • Market Improvement Value: $434,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $624,600
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $434,600

    Sales

  • Current Sale Contract Date: Jul 01, 2019
  • Current Sale Recording Date: Jul 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019061899
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Point Pleasant

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.02%

Average Days on Market

67

Average Home Size

1878 ft²

Average Home Age

35 years

Currently For Sale

47 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 310 Maryland Avenue, Point Pleasant Beach, NJ, 08742

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 704 ft²
310 Maryland Avenue #19B, Point Pleasant Beach, NJ, 08742 Listing by Gloria Carpinello

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Barbara Quartier, Diane Turton, Realtors-Point Pleasant Boro
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21917142
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.

Frequently Asked Questions

When was property at 304 Cedar Road built and last sold?
The property at 304 Cedar Road was built in 2020 and last sold on Jul 1, 2019 for $290,000.
How much is this home worth?
The estimated value of the home located at 304 Cedar Road is $0.
What are some comparable homes to 304 Cedar Road?
There are currently no comparable homes to 304 Cedar Road.
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