$615,000
●
House -
Off Market
356 Silver Bay Road
Toms River, NJ 08753
3 Beds
3 Baths
2,444 Ft²
$862,271
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Do not miss this opportunity to wake up every morning to the
gorgeous sunrise over the bay and spend your evenings waterfront
watching the beautiful sunset! Come see this beautiful two-story
home with an open floor plan and breathtaking, unobstructed views
of the lagoon! Located at the end of Silver Bay Road, this custom
built 2,450 SF updated home with vaulted living room ceilings
features a beautiful upgraded kitchen with stainless steel
appliances and granite countertops. Upstairs, you will find three
bedrooms plus a bonus loft and two fully updated bathrooms. The
lower level of the home provides an additional full bath. This home
features hardwoods floors throughout, a gas fireplace in the living
room, a built in vacuum system, as well as a newer Trex bulkhead
and a two car garage. The home is FEMA compliant with low insurance
rates and additionally offers peace of mind to potential buyers
with a security system and exterior video camera system. The only
thing missing here is you.
Unit Size
2,444 Ft²
Days on Market
-
Land Size
-
Price per sqft
$252
Property Type
House
Property Taxes
$838
HOA Dues
-
Year Built
1987
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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 #22005578)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2020 | Sold | ||
| Sold | |||
| Feb 10, 2020 | Listed by Coldwell Banker Flanagan Realty | $615,000 | |
| Listed by Coldwell Banker Flanagan Realty | |||
| Aug 7, 2015 | Sold | ||
| Sold | |||
| Mar 6, 2015 | Listed by Crossroads Realty Executive Office | $585,000 | |
| Listed by Crossroads Realty Executive Office | |||
| | |||
|
Custom Home with open floor plan nestled at the end of Silver Bay Road. The Kitchen comes with a Stainless Steal Appliance Package including Wine Cooler. Bulkhead, Paver Patio, Kitchen and the 3 Baths have been upgraded. Great water view one lagoon to Silver Bay. Elec at the dock. This is a must see. Great home for entertaining. Gleaming hardwood floors with inlays. Lots of natural light flows through this lovely home. Jump on your jet ski and have breakfast in Ortley Beach. Bring all your water toys. Flood Elevation is attached. Call today to make the appointment. Be in for the summer season.
| |||
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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About Toms River
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Listed by: Douglas Tortorelli, Coldwell Banker Flanagan Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22005578
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# 22005578
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