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Union Beach 07735
405 Florence Avenue
$205,000
● House - Off Market

405 Florence Avenue

Union Beach, NJ 07735
bedrooms
1 Bed
bathrooms
1 Bath
$265,099
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Big value.....Little price!  This adorable & affordable gem is 2 blocks to the Beach!  Absolute turn-key home.  Just place your furniture and enjoy.  Maintenance free vinyl siding.  New front and rear porches.  Paved driveway for off street parking will accommodate at least 2 cars.  Full appliance package included.  Central air, HWBB & FHA heating systems.  Tankless Hot Water heater.  New laminate flooring.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1930

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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: 2 years ago (MOMLS #22037021)

Price History

Date / Event Date Event Price
Nov 25, 2020 Sold
Premium
Sold
Oct 12, 2020 Listed by Heritage House Sotheby's International Realty $200,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 300
  • Total Building Area: 704
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Union Beach Borough School District
  • Census Tract: 801800

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: TAX MAP 2
  • Account Number: 117
  • District: 50
  • Parcel: 50 00017-0000-00006
  • Block: 17
  • Lot: 6
  • Municipality: UNION BEACH BORO
  • Latitude: 40.4504
  • Longitude: -74.1736

    Address

  • Full Address: 405 Florence Ave
  • Address - House Number: 405
  • Address - Street Name: Florence
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union Beach
  • Carrier Code: C010
  • 4-Digit Zip Code: 2526
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $509,320

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 293,456
  • High Value: 348,215
  • Low Value: 238,697

    Market Valuation

  • Market Total Value: $238,000
  • Market Land Value: $127,000
  • Market Improvement Value: $111,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,000
  • Assessed Land Value: $127,000
  • Assessed Improvements Value: $111,000

    Sales

  • Current Sale Contract Date: Nov 25, 2020
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021005017
  • Previous Sale Recording Date: May 30, 1995
  • Previous Sale Contract Date: Apr 27, 1995
  • Previous Sale Amount: $48,000
  • 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 Union Beach

Stats & Trends

Median Asking:

$599,999

Sale Price/ft²

$350

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1460 ft²

Average Home Age

73.1 years

Currently For Sale

37 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

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MOMMLS

Listed by: Dorothy Carney Donlin, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22037021
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 405 Florence Avenue built and last sold?
The property at 405 Florence Avenue was built in 1930 and last sold on Nov 25, 2020 for $205,000.
How much is this home worth?
The estimated value of the home located at 405 Florence Avenue is $0.
What are some comparable homes to 405 Florence Avenue?
There are currently no comparable homes to 405 Florence Avenue.
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