$1,824,000
●
House -
Off Market
503 7th Avenue
Belmar, NJ 07719
4 Beds
3 Baths,
1
Half Bath
3,250 Ft²
$8,932
Est. Monthly
About This Property
The possibilities are endless, and the time is NOW to create your
dream home in the Jersey Shore's most popular town. Perfect choice
for those who want the coastal lifestyle, convenience to the beach,
downtown and mass transportation. Award winning restaurants are
within walking distance. Great shopping, theatres and every type of
nightlife is nearby, and the only thing missing.-is YOU. Rare
opportunity to purchase an approved lot, and let our
partners--NorthEnd Builders--build to your specs (or choose from 2
NEW plans from RICE & BROWN Architects.. You can create a design of
3 or 4 bedrooms on 3 levels (approx. 3250sf) with a long list of
luxurious amenities and features. Listing photos are examples of
the Builder's other homes.
Unit Size
3,250 Ft²
Days on Market
1033 days
Land Size
-
Price per sqft
$560
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
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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 #22137102)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| May 6, 2022 | Sold | ||
| Sold | |||
| Nov 18, 2021 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | $819,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Spring Lake | |||
| | |||
|
Approved three lot subdivision with lake views in North Belmar. 50 x 100 foot properties are ready for your dream home in the perfect spot between the beach and downtown and just steps away from Silver Lake. The plans include a rear lane for access to all three properties. This parcel is the center lot for the listed price. Enjoy the red hot Belmar lifestyle with a new home (of your choice) or let us create it for you (Designed by RICE-BROWN Architects and built by NorthEnd Builders) Opportunities like this are rarely available in the most popular area of this Jersey Shore destination. The time is now to create your perfect year round or vacation home. For new home listings, see MLS # 22137102
| |||
| Apr 5, 2021 | No longer available | - | |
| No longer available | |||
| Feb 3, 2021 | Listed | $1,739,000 | |
| Listed | |||
| | |||
|
The possibilities are endless, and the time is NOW to create your dream home in the Jersey Shore's most popular town. The North End of Belmar is the choice for those who want the coastal lifestyle, convenience to the beach, downtown and mass transportation. Award winning restaurants are within walking distance. Great shopping, theatres and every type of nightlife is nearby, and the only thing missing.-is YOU. This is a rare opportunity to purchase an approved lot, and let our partners--NorthEnd Builders--build to your specifications. All photos shown are examples of work from our Builder.Finished homes will be between 3000 and approximately 3250 square feet of luxury living space. You can create a design of 3 or 4 bedrooms on 3 levels with a long list of amenities and features. The manager has listed the unit size as 3250 square feet.
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Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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About Belmar
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Listed by: Brian M Church, Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22137102
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22137102
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