$999,000
●
House -
Off Market
31 Lower Prospect Road
Atlantic Highlands, NJ 07716
4 Beds
2 Baths,
1
Half Bath
2,297 Ft²
$5,945
Est. Monthly
5.35%
Cap Rate
About This Property
Winter water views in the hills of Atlantic Highlands! Spacious 4
bedroom center hall Colonial with light & bright living room
leading to large family room with sliders to the huge level back
yard-perfect for sports & entertaining. Large eat in kitchen with
tons of storage & skylight lead to formal dining room w/spectacular
windows and French doors. Hardwood floors throughout the home. Four
large bedrooms upstairs. Primary suite with dual walk in closets,
primary bath with tub as well as bonus space for office/nursery!
Two additional bedrooms plus a dedicated office to work from home!
Large unfinished basement & oversized 2 car garage. Mins to NYC
ferry & bus! A short ride to beaches, harbor & town.
Unit Size
2,297 Ft²
Days on Market
69 days
Land Size
0.63 acres
Price per sqft
$429
Property Type
House
Property Taxes
$1,108
HOA Dues
-
Year Built
-
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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 #22507747)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Listed by Heritage House Sotheby's International Realty | $985,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| Jun 21, 2018 | Sold | ||
| Sold | |||
| Mar 23, 2018 | Listed by Weichert Realtors-Rumson | $699,900 | |
| Listed by Weichert Realtors-Rumson | |||
| | |||
|
Wonderful, sun-drenched center hall colonial with winter water views priced under new 2018 assessment of $714,100. The rooms are generously sized and have wood floors. You'll appreciate the newer custom kitchen with granite counters, tons of cabinet space, center island, dining area, and tile floor. Glass-paned French doors lead from the kitchen to the dining room. The living room and family room adjoin each other, and sliders open from the family room to the patio overlooking the huge, flat backyard. This is a gardener's delight! The large master bedroom on the 2nd floor has an attached full bath, walk in closet & cedar closet. 3 more bedrooms and a bath are on this floor. Atlantic Highlands is a vibrant town w. great restaurants, shops, & many town events. Near fast ferry and beaches.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
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About Atlantic Highlands
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Listed by: Erin Hughes, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22507747
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22507747
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Address: 335 Madison Avenue, New York, NY 10017