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Leonardo 07737 Leonardo
45 Washington Avenue
$455,000
● House - Off Market

45 Washington Avenue

Leonardo, NJ 07737
bedrooms
3 Beds
bathrooms
1 Bath
$2,867
Est. Monthly
8.00%
Cap Rate

About This Property

Welcome to Leonardo, NJ! This charming farmhouse-style home has 3 bedrooms, 1 bath with a gorgeous wrap around porch.  This Charming property sits on an oversized lot, offering privacy and plenty of room to roam.

What a beautiful neighborhood! New Sewer line, newer Washer Dryer and HWH.

Location is idyllic! You'll be just a short distance from the beautiful beaches and the NYC fast ferry.  Downtown Atlantic Highlands is also nearby, providing a variety of shops, restaurants, and entertainment options to explore.

Middletown / Leonardo offers an abundance of amenities to enhance your daily life. From outdoor activities and local parks to the nearby Henry Hudson and Leonardo Marina, there is something for everyone. .
Unit Size
-
Days on Market
71 days
Land Size
0.29 acres
Price per sqft
-
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1923

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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: 12 months ago (MOMLS #22328491)

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold
Premium
Sold
Oct 12, 2023 Listed by Keller Williams Realty West Monmouth $474,900
Listed by Keller Williams Realty West Monmouth
Oct 22, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by Two River Realty $299,900
Listed by Two River Realty
Great Opportunity To Own Near The Shore! This home features 3BR / 1BA, living room w/fireplace and vaulted ceiling, dining room, and kitchen w/coffee bar. Master bedroom offers double closets, hardwood flooring, and beamed ceilings. Spacious fenced-in-yard that offers plenty of space for outdoor activities. Close to both NYC ferries and beaches. Must See To Appreciate, This Property Won't Last!!

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 140
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,032
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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 00369-0000-00009
  • Block: 369
  • Lot: 9
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4167
  • Longitude: -74.0616

    Address

  • Full Address: 45 Washington Ave
  • Address - House Number: 45
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C004
  • 4-Digit Zip Code: 1411
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $683,729

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 469,210
  • High Value: 563,220
  • Low Value: 375,199

    Market Valuation

  • Market Total Value: $393,400
  • Market Land Value: $279,100
  • Market Improvement Value: $114,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,400
  • Assessed Land Value: $279,100
  • Assessed Improvements Value: $114,300

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12357
  • Previous Sale Recording Date: Dec 03, 2020
  • Previous Sale Contract Date: Oct 20, 2020
  • Previous Sale Amount: $319,000
  • 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 Leonardo

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$385

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1318 ft²

Average Home Age

88.7 years

Currently For Sale

8 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

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,645 ft²
1 Central Avenue #20, Atlantic Highlands, NJ, 07716 Listing by Renee Astacio
Unit for rent at 16 Browns Lane, Atlantic Highlands, NJ, 07716

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Valerie Vargas, Keller Williams Realty West Monmouth
Last Updated: 12 months ago
Data Source: MOMMLS, MLS# 22328491
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 Washington Avenue built and last sold?
The property at 45 Washington Avenue was built in 1923 and last sold on Dec 14, 2023 for $455,000.
How much is this home worth?
The estimated value of the home located at 45 Washington Avenue is $479,649.
What are some comparable homes to 45 Washington Avenue?
There are currently no comparable homes to 45 Washington Avenue.
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