324 Cedar Avenue
About This Property
This charming and lovely cape is ideally situated close to colleges, shopping, and amenities. Boasting hardwood floors throughout, updated kitchen, new bathrooms, and 4 spacious bedrooms. This home sits on an oversized 75x206 lot, with a large paver patio, hot tub, and half inground pool with decking out back. This lot offers ample room for expansion, outdoor living, or other creative possibilities. The property also features a detached garage, large storage shed, and an oversized basement with soaring 11-foot ceilings-perfect for additional living space, a home gym, or storage. Don't miss out on this rare gem with incredible potential in a prime location!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2025 | Listed | $1,150,000 | |
| Listed | |||
| | |||
|
Between Woodgate & Van Court, Come see this RENOVATED 4BR home on a 75 ft WIDE & 206 FOOT DEEP Lot in the Heart of Elberon!!! You wont find this land ANYWHERE around ELBERON at this price point!! Located CLOSE to the Beach, restaurants, & MULTIPLE houses of worship. Add your sports court and/or your custom pool. So much potential to finish the full basement with MASSIVE and RARE 13 foot ceilings!!! Enjoy the home the way it is, OR BUILD NEW amongst many new construction homes, & CALL TODAY!
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| Jun 12, 2025 | Price Decreased |
$1,199,000
↓ $51K
(4.1%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed | $1,250,000 | |
| Listed | |||
| | |||
|
WOW! Between Woodgate & Van Court, Come see this RENOVATED 4BR home on a WIDE & 206 FOOT DEEP Lot in the Heart of Elberon!!! You wont find this land ANYWHERE around ELBERON at this price point!! Located CLOSE to the Beach, restaurants, & MULTIPLE houses of worship. Add your sports court and/or your custom pool. So much potential to finish the full basement with MASSIVE and RARE 13 foot ceilings!!! Enjoy the home the way it is, OR BUILD NEW amongst many new construction homes, & CALL TODAY!
| |||
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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About Long Branch City
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,000 /mo
- 2 Beds
- 2 Baths
- 1,771 ft²
$5,000 /mo
- Studio
- 1 Bath
Last Updated: 12 months ago
Data Source: MOMMLS, MLS# 22435439
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017