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Highlands 07732 Highlands
38 Ocean Avenue
$51,124
● House - Off Market

38 Ocean Avenue

Highlands, NJ 07732
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,476 Ft²
$147,003
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Foreclosure, As-Is, 4 bedrooms, 2 baths, first floor open floor plan. Frist floor damaged from Hurricane Sandy. Cash, FHA 203K loan or home renovation loans only. Buyer responsible for all inspections, permits and CO.
Unit Size
1,476 Ft²
Days on Market
-
Land Size
-
Price per sqft
$51
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1943

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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 #21232526)

Price History

Date / Event Date Event Price
Jan 4, 2021 Sold
Premium
Sold
Aug 26, 2020 Listed by KeyTide Realty Group $249,900
Listed by KeyTide Realty Group
Don't Miss this opportunity to live near the beach. This 4 Bedroom, 2 Bathroom home was renovated in 2013 includes: HARDWOOD FLOORS, an eat-in Kitchen with Granite countertops and stainless steel appliances, 2 Full Bathrooms, and 3 to 4 Bedrooms. The home is just mins to local beaches, marinas, and the NYC Ferry. Possible investment opportunity with a solid rental history. Per owner home doe not require raising but does require flood insurance.
Nov 16, 2019 No longer available -
No longer available
Sep 25, 2019 Listed $225,000
Listed
Don't Miss this opportunity to live near the beach. This 4 Bedroom, 2 Bathroom home was renovated in 2013 includes: HARDWOOD FLOORS, an eat-in Kitchen with Granite countertops and stainless steel appliances, 2 Full Bathrooms, and 3 to 4 Bedrooms. The home is just mins to local beaches, marinas, and the NYC Ferry. Possible investment opportunity with a solid rental history. Per owner home doe not require raising but does require flood insurance. The manager has listed the unit size as 1602 square feet.
Jun 6, 2013 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,375
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,602
  • Building Area: 1,602
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,602
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000055
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Highlands Borough School District
  • Census Tract: 800101

Zoning

  • Zoning: 8717

Geography

  • Account Number: 00017640
  • District: 19
  • Parcel: 19 00100-0000-00004
  • Block: 100
  • Lot: 4
  • Municipality: HIGHLANDS BORO
  • Latitude: 40.4062
  • Longitude: -73.9959

    Address

  • Full Address: 38 Ocean Ave
  • Address - House Number: 38
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Highlands
  • Carrier Code: C001
  • 4-Digit Zip Code: 1411
  • Zip Code: 07732

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $748,439

    Appraisal Valuation

  • Standard Deviation: 0.2066
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 456,760
  • High Value: 551,139
  • Low Value: 362,382

    Market Valuation

  • Market Total Value: $373,100
  • Market Land Value: $186,800
  • Market Improvement Value: $186,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,100
  • Assessed Land Value: $186,800
  • Assessed Improvements Value: $186,300

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021018699
  • Previous Sale Recording Date: Jun 13, 2013
  • Previous Sale Contract Date: Jun 05, 2013
  • Previous Sale Amount: $51,124
  • Previous Sale Document Type: 27
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 Highlands

Stats & Trends

Median Asking:

$639,000

Sale Price/ft²

$443

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1299 ft²

Average Home Age

57 years

Currently For Sale

26 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 150 Navesink Avenue, Highlands, NJ, 07732

$4,100 /mo

  • 2 Beds
  • 3 Baths
  • 1,154 ft²
150 Navesink Avenue, Highlands, NJ, 07732 Listing by Gina Farkouh
Unit for rent at 9 Sea Drift Avenue, Highlands, NJ, 07732

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,868 ft²
9 Sea Drift Avenue, Highlands, NJ, 07732 Listing by Colleen Flynn

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michael Scott, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21232526
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 38 Ocean Avenue built and last sold?
The property at 38 Ocean Avenue was built in 1943 and last sold on Jan 4, 2021 for $235,000.
How much is this home worth?
The estimated value of the home located at 38 Ocean Avenue is $0.
What are some comparable homes to 38 Ocean Avenue?
There are currently no comparable homes to 38 Ocean Avenue.
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