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Leonardo 07737 Leonardo
45 Center Avenue
$282,500
● House - Off Market

45 Center Avenue

Leonardo, NJ 07737
bedrooms
3 Beds
bathrooms
2 Baths
$439,249
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

What a find! This 3br 2bth home oozes original charm from the early 1900's but features many recent upgrades, come and finish the renovations that were already started while you enjoy what has been already finished. Home features Updated Siding, windows and Roof. 2 year old High Efficiency Cooling and Heating System, updated 200 amp Electric, New Eat in Kitchen with sliders to deck, newer Full bath and laundry on the 1st floor as well as a massive Master Bedroom with Vaulted ceilings and skylights.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1908

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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 #21834777)

Price History

Date / Event Date Event Price
Aug 1, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Coldwell Banker Realty $485,000
Listed by Coldwell Banker Realty
Welcome Home to 45 Center! Beautifully updated 3 Bedroom, 2 full Bath Colonial located 2 blocks to the waterfront. Sitting high and dry this home does NOT require flood insurance. Featuring the charm of an older home but the updates today's Buyer desires, this home boasts newer siding, roof, windows, HVAC, Kitchen and Baths. Huge Master Bedroom with vaulted ceilings, walk-in closet and skylights. Main floor boasts a cheerful foyer, Large Kitchen with sliders to the deck, Dining Room open to Living Room and office, Full Bath and Laundry. Enjoy entertaining on your deck overlooking the beautifully landscaped yard. Conveniently located close to transportation to NYC including the Ferry, train and bus, shopping, schools, Parks, the waterfront and downtown Atlantic Highlands.
Oct 12, 2018 Sold
Premium
Sold
Sep 1, 2018 Listed by Keller Williams Realty West Monmouth $290,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • 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: 9
  • Basement Area: 730
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,460
  • Building Area: 1,460
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,460
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 30
  • Account Number: Mar 01, 2006
  • District: 32
  • Parcel: 32 00399-0000-00005
  • Block: 399
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4186
  • Longitude: -74.055

    Address

  • Full Address: 45 Center Ave
  • Address - House Number: 45
  • Address - Street Name: Center
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1533
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $839,280

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 524,940
  • High Value: 630,116
  • Low Value: 419,763

    Market Valuation

  • Market Total Value: $482,900
  • Market Land Value: $214,400
  • Market Improvement Value: $268,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $482,900
  • Assessed Land Value: $214,400
  • Assessed Improvements Value: $268,500

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 82898
  • Previous Sale Recording Date: Oct 17, 2018
  • Previous Sale Contract Date: Oct 11, 2018
  • Previous Sale Amount: $282,500
  • 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 Leonardo

Stats & Trends

Median Asking:

$599,500

Sale Price/ft²

$373

Below Asking

0.02%

Average Days on Market

60

Average Home Size

1267 ft²

Average Home Age

81.3 years

Currently For Sale

6 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 1 Central Avenue, Atlantic Highlands, NJ, 07716

$3,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,645 ft²
1 Central Avenue #20, Atlantic Highlands, NJ, 07716 Listing by Renee Astacio

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Karolina Slupinska, Keller Williams Realty West Monmouth
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21834777
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 45 Center Avenue built and last sold?
The property at 45 Center Avenue was built in 1908 and last sold on Jul 27, 2022 for $532,500.
How much is this home worth?
The estimated value of the home located at 45 Center Avenue is $495,341.
What are some comparable homes to 45 Center Avenue?
There are currently no comparable homes to 45 Center Avenue.
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