$2,810,000
●
House -
Off Market
401 1st Avenue
Spring Lake, NJ 07762
6 Beds
4 Baths
4,000 Ft²
$4,054,039
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Incredible opportunity for a beautifully sleek & modern coastal
home just steps from the beach! No expense spared in 2016 when this
landmark building was transformed into the ultimate Beach House,
preserving the original footprint - you simply can not duplicate
the size or views of this house on 50' x 150' corner lot in Spring
Lake. Approx. 4,000 sq. ft., it was designed for family living &
entertaining w/ large-scale open floor plan and 11' ceilings that
flow onto a 600 sq. ft. patio w/ ocean views. More ocean views from
several bedrooms, especially the luxurious Master Suite! 2-Car
Garage and ROOM FOR A POOL!! All of this just 1 block from the
beach, and 2 blocks from a stroll around the Lake and into
Downtown!
Unit Size
4,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$750
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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: 2 years ago (MOMLS #22011558)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 30, 2020 | Listed by Coldwell Banker Realty | $2,999,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 8, 2020 | Price Increased |
$3,140,000
↑ $150K
(5%) | |
| Price Increased | |||
| Jan 13, 2020 | Listed | $2,990,000 | |
| Listed | |||
| | |||
|
Incredible opportunity for a beautifully sleek & modern coastal home just steps from the beach! Owners spared no expense in 2016 when they transformed this landmark building into the ultimate Beach House, preserving the original footprint - you simply can not duplicate the size or views of this house on 50' x 150' corner lot in Spring Lake. Over 4,000 sq. ft., it was designed for family living & entertaining w/ large-scale open floor plan and 11' ceilings that flow onto a 600 sq. ft. patio w/ ocean views. More ocean views from several bedrooms, especially the luxurious Master Suite! Amazing amount of southern exposure sunlight through walls of windows and French Doors. All of this just 1 block from the beach, and 2 blocks from a stroll around the Lake into Downtown's shops and restaurants! The manager has listed the unit size as 4200 square feet.
| |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Spring Lake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gregory M Rice, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22011558
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# 22011558
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017