48 Sage Street
About This Property
Main level living space continues with a soaring two-story great room featuring dramatic floor to ceiling custom gas fireplace with extensive moldings. Expansive windows with light filtering plantation shutters are ideal and make this family gathering spot warm and inviting. Doorways lead to the conservatory, with walls of windows, Hunter Douglas window treatments, built in wall unit and lovely moldings with amazing views of the pool that create a relaxing atmosphere with flexible space. Completing the first floor, is a unique and large mudroom with stone tile, comprised of large walk-in pantry with built ins and pocket doors, bench area with shelving, entry to upgraded laundry with sink and stone countertops. Full bath with access door to outside shower and walkway to pool. Entrance to 2-car heated garage, WIFI enabled doors, Garage-Tek storage and sound system. The second level doesn't disappoint with wainscot molding, plantation shutters and fans throughout. Enjoy a luxurious primary bedroom featuring a tray ceiling, his/hers walk-in California style closets and en-suite spa bath with jacuzzi and separate shower. The princess suite is enchanting with private bath, decorative moldings, walk -in closet, chandelier and every detail a "little princess" would desire! Jack and Jill bedrooms each have walk-in closets and are generously sized. Hall closets are amply appointed and provide additional storage. Fully finished lower level offers high ceilings, recessed lighting, bedroom with large walk-in closet with built-ins, full bath, family room, recreational/flex space, mirrored gym w/ rubber flooring, storage/utility room and sliders to rear yard. This home is meticulously maintained and not to be missed! Top-rated Holmdel School District, proximity to NYC transportation, Bell Works, PNC Arts Center, Holmdel Park, shopping, dining and the Jersey Shore beaches. Additional Upgrades include Newer HVAC, Furnace, Hot Water Heater, 6 Zone AC, Pool Pump/Lights/WIFI Control System, Niles Sound System, 16 Zone Sprinkler System & 4 Zone Landscape Lighting.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Relisted | $1,689,000 | |
| Relisted | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by Jason Mitchell Real Estate New Jersey | $1,689,000 | |
| Listed by Jason Mitchell Real Estate New Jersey | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017