$1,425,000
●
Condo -
Off Market
384 Ocean Avenue #PH7D
Long Branch, NJ 07740
3 Beds
4 Baths,
1
Half Bath
3,246 Ft²
$2,096,090
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
EXTRAORDINARY OCEANFRONT PENTHOUSE WITH PANORAMIC UNOBSTRUCTED
VIEWS! Dramatic 300 degrees of east, south, west , & north views
including Manhattan skyline! This spacious 3 bed, 3.5 bath unit w/
over 3200 SQ FT unit shows like a model. A truly unique
corner penthouse that offers 2 oceanfront balconies. Spacious
master suite w/ luxurious bath. Prepare to be amazed w/ the
expansive 700 SQ FT master balcony w/ endless shoreline views! Wake
up to amazing sunrises from your bed! All new high end Pella
windows & sliders. 3 Parking spaces w/ 2 underground. Completely
renovated poolside cabana. Beach access is less than 100ft away.
This is the ultimate in beachfront living & truly a must see!
Change your view and make this lifestyle your reality. Don't miss
this unique opportunity!
Unit Size
3,246 Ft²
Days on Market
-
Land Size
-
Price per sqft
$461
Property Type
Condo
Property Taxes
$2,145
HOA Dues
$1,088
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #21946879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed by RE/MAX Paradigm Realty Group | $1,495,000 | |
| Listed by RE/MAX Paradigm Realty Group | |||
Property Highlights
Parking Available
Garage
Elevator
Parking Details
Has Garage
Parking Features: Assigned, Underground
Garage Spaces: 2
Total Garage and Parking Spaces: 3
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Half Bathrooms: 1
Interior Features: Built-Ins, Dec Molding, Wet Bar, Breakfast Bar, Recessed Lighting
Flooring Type: Ceramic Tile, Marble, Wood
Rooms: 8
None
Exterior Details
Year Built: 1994
Parcel Number: 27-00425-0000-00013-704
Inclusions: Washer, Window Treatments, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Stove, Refrigerator
Exterior Features: Balcony, BBQ, Private Storage, Storage, Swimming
Roof: Other - See Remarks, Shingle
Construction Materials: Stucco
Pool Features: Cabana, In Ground
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $1,231,300
Tax Year: 2018
Tax Annual Amount: $25,734
Association Fee: $1,088
Association Fee Frequency: Monthly
Utilities Details
Cooling Type: 3+ Zoned AC
Heating Type: Natural Gas, 3+ Zoned Heat
Sewer Information: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/21/2023
|
2 Bed
|
3 Bath
|
-
|
$899,000
2 Bed
3 Bath
|
$899,000
01/05/2024
|
Kerrin O'Brien
O'Brien Realty
| |
|
02/19/2020
|
2 Bed
|
3 Bath
|
-
|
$895,000
2 Bed
3 Bath
|
$875,000
-2.23%
07/31/2020
|
Gerard Scala
O'Brien Realty, LLC
| |
|
01/10/2020
|
3 Bed
|
4 Bath
|
3246 ft²
|
$1,495,000
3 Bed
4 Bath
3246 ft²
|
$1,425,000
-4.68%
06/25/2020
|
Paul Kiernan
RE/MAX Paradigm Realty Group
| |
|
10/09/2015
|
3 Bed
|
4 Bath
|
2800 ft²
|
$1,199,000
3 Bed
4 Bath
2800 ft²
|
$999,000
-16.68%
06/10/2016
|
Allison Coyne
Keller Williams Realty East Monmouth
| |
|
11/11/2014
|
3 Bed
|
3 Bath
|
2456 ft²
|
$899,474
3 Bed
3 Bath
2456 ft²
|
$872,500
-3.00%
03/30/2015
|
Richard Martel
Berkshire Hathaway HomeServices New Jersey Properties
| |
|
05/23/2013
|
3 Bed
|
2 Bath
|
2436 ft²
|
$949,000
3 Bed
2 Bath
2436 ft²
|
$874,000
-7.90%
08/06/2013
|
Christine Stout
Keller Williams Realty Central Monmouth
| |
|
02/07/2012
|
2 Bed
|
3 Bath
|
2008 ft²
|
$675,000
2 Bed
3 Bath
2008 ft²
|
$632,500
-6.30%
06/15/2012
|
Richard Martel
Berkshire Hathaway HomeServices New Jersey Properties
|
Building Info
About Long Branch City
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Listed by: Paul Kiernan, RE/MAX Paradigm Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21946879
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: 3 years ago
Data Source: MOMMLS, MLS# 21946879
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017