$440,000
●
House -
Off Market
35 E Plover Way
Lavallette, NJ 08735
2 Beds
1 Bath
500 Ft²
$465,261
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
***BEACH BLOCK HOME*** Your Beautifully Updated ''Ocean Beach 3'' home is ready for you! This 2 Bedroom, 1 Full Bath home is just
steps to the beach. Newer flooring, All New Doors, Newer AC . 2
Off-Street Parking Spaces. Sale Subject to current rentals in place
for Summer 2022. Rentals bring in over $30,000 a season when all
weeks are rented. Current Land Lease is $8,385 per year. *ALL
Furnishings Included with a full Price offer* Quite a few
weeks are already rented for the 2022 season and that revenue will
be transferred to the new owner. An investment property
that's already making you money!
Unit Size
500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$900
Property Type
House
Property Taxes
$557
HOA Dues
$66
Year Built
1952
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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 #22213505)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2022 | Sold | ||
| Sold | |||
| May 5, 2022 | Listed by RE/MAX Revolution | $450,000 | |
| Listed by RE/MAX Revolution | |||
| May 26, 2017 | Sold | ||
| Sold | |||
| Nov 3, 2016 | Listed by RE/MAX New Beginnings Realty | $219,000 | |
| Listed by RE/MAX New Beginnings Realty | |||
| | |||
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OCEANBLOCK remodeled & updated Cottage. A wonderful opportunity to own a beach getaway without having to cross a major highway to access the wide, level, sunny beach. New energy efficient windows saves u money, new Vinyl Siding, new rear-yard decking across the back is great for added outdoor family space. There is also an outdoor shower to keep the beach outside where it belongs. New appliances, & NEW heating system. This home was updated last year, & is ready to go for the upcoming beach season. The interior has been neutrally painted in todays soft earth tones, very warm and inviting. The Location creates a rental opportunity as well to offset the taxes. Leased land great for Tax writeoff too. Peak summer weeks for these cottages are renting within a range of $1700-$2000 per week. Initial Association fee may be required.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Dover Beaches North
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Listed by: Candace Golembeski, RE/MAX Revolution
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22213505
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# 22213505
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