5 Gainsborough Lane
About This Property
As you enter the home, you're welcomed by 9-foot ceilings and an open-concept layout. To the left, a private office provides the perfect space for work. Continuing down the hall, the heart of the home unfolds into a spacious open-concept living area that seamlessly connects the kitchen, dining room, living room, and sunroom, all featuring engineered hardwood flooring. he gourmet kitchen offers an abundance of white cabinetry, granite countertops with a countertop range, a center island with sink and breakfast bar seating, a walk-in pantry, wall oven, and built-in microwave. Additional cabinets and counter space are also found on the back wall, never running out of cabinet space! The open-concept living area seamlessly extends into the sunroom, which offers direct access to the rear patio.
The primary suite is privately situated and features recessed lighting, along with a well-appointed en-suite bathroom complete with a walk-in shower with seating, water closet, and large walk-in closet.The laundry room is conveniently located nearby on this side of the home.
Off the kitchen, you'll find a second bedroom and a full bathroom with a tub/shower combination, ideal for guests. This area also includes a mudroom with convenient access to the two-car garage.
Enjoy your morning coffee or unwind on the covered front porch, perfectly suited for rocking chairs.
BONUS: Owned solar panels (no lease) and recently reduced taxes, approximately $7,300. In 2025 electric bill was $237.61 due to the benefit of the owned out solar panels.
Located in River Pointe, one of Ocean County's premier 55+ communities, residents enjoy exceptional amenities including a clubhouse, indoor and outdoor pools, fitness center, tennis courts, and a wide variety of clubs, activities, and social events.
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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 |
|---|---|---|---|
| May 13, 2026 | Price Decreased |
$519,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by Keller Williams Realty West Monmouth | $529,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
| Sep 5, 2025 | Price Decreased |
$529,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jun 24, 2025 | Listed | $539,900 | |
| Listed | |||
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Beautiful 2014 Castle Rock has 2 bedrooms, 2 bathrooms, an office and Sunroom! It features a modern gourmet kitchen with an abundance of white cabinets, granite counters, breakfast center island with sink, countertop range, walk-in pantry, wall oven and built-in microwave. Additional cabinets and counter are also found on the back wall, never running out of cabinet space. Updates include designer window treatments. The primary bathroom has double sinks, shower stall with seat, linen closet, and walk-in closet. Relax on the front covered porch with sitting area. BONUS: Owned Solar Panels, no lease. Taxes just went down and are approx. $7300. This house is situated on a treed lot, located on a cul de sac in beautiful River Pointe, one of the most desirable 55+ communities in Ocean County beautiful River Pointe, one of the most desirable 55+ communities in Ocean County offering indoor and outdoor pools, bocce, pickleball, clubs, trips and so much more!
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| Sep 9, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017