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Union Beach 07735
502 Front Street
$117,500
● Land - Off Market

502 Front Street

Union Beach, NJ 07735
bedrooms
Studio
bathrooms
0 Bath
$308,159
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Waterfront Lot! Here's your chance to Build your dream home overlooking the NYC skyline. Vacant, cleared, ready to build. Union Beach simply said is a lovely waterfront community with a strong heart. Rebirth, regrowth and renewal..a ''hidden gem''. Local events held regularly such as Lobsterfest, Kick off to Summer Beach Party, Teen Dances, Boat Rides, Volleyball Matches, 80's Dance Party, Library Story time as well as Team Effort Missions to help families in need. You can have it all here in Union Beach! Only 45 minutes to NYC and just over an hour to Philly.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$221
HOA Dues
-
Year Built
-

Payment Calculator

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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: 3 years ago (MOMLS #21635482)

Price History

Date / Event Date Event Price
Apr 3, 2017 Sold
Premium
Sold
Sep 10, 2016 Listed by Keller Williams Realty East Monmouth $189,000
Listed by Keller Williams Realty East Monmouth

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000138
  • Standard Land Use Code: 8000
  • County Land Use Code: 1

Neighborhood

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

Zoning

  • Zoning: 838

Geography

  • Account Number: 190
  • District: 50
  • Parcel: 50 00021-0000-00001
  • Block: 21
  • Lot: 1
  • Municipality: UNION BEACH BORO
  • Latitude: 40.4516
  • Longitude: -74.1714

    Address

  • Full Address: 502 Front St
  • Address - House Number: 502
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Union Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 2833
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,252

    Market Valuation

  • Market Total Value: $211,800
  • Market Land Value: $211,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,800
  • Assessed Land Value: $211,800

    Sales

  • Current Sale Contract Date: Mar 30, 2017
  • Current Sale Recording Date: Apr 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2017036430
  • Previous Sale Recording Date: Sep 26, 2003
  • Previous Sale Contract Date: Aug 13, 2003
  • Previous Sale Amount: $115,000
  • 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:

$599,000

Sale Price/ft²

$348

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1377 ft²

Average Home Age

64 years

Currently For Sale

66 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: Elisabeth Spurrier, Keller Williams Realty East Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21635482
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 502 Front Street built and last sold?
The property at 502 Front Street was built in and last sold on Mar 30, 2017 for $117,500.
How much is this home worth?
The estimated value of the home located at 502 Front Street is $190,890.
What are some comparable homes to 502 Front Street?
There are currently no comparable homes to 502 Front Street.
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