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Bradley Beach 07720 Bradley Beach
504 Madison Avenue
$357,000
● House - Off Market

504 Madison Avenue

Bradley Beach, NJ 07720
bedrooms
2 Beds
bathrooms
1 Bath
$665,569
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Ideal Condo alternative. 2 bedroom ranch just 3 blocks to the beach in desirable southend. Walking distance to  Gazebo with live music all summer, train station and shopping. Features UPDATED bathroom, kitchen, siding, windows and electric. Full basement, hardwood floors, side yard, open front porch. Pull down attic stairs. Possible 2nd floor expansion. Professional landscaping. Little Maintenance. See documents for proposed floor plan. Has room for one parking spot.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1929

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 #21502487)

Price History

Date / Event Date Event Price
Aug 14, 2015 Sold
Premium
Sold
Jan 21, 2015 Listed by Berkshire Hathaway HomeServices Signature Properties $375,000
Listed by Berkshire Hathaway HomeServices Signature Properties

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • 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: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,000
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 400
  • Total Building Area: 704
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000046
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Bradley Beach Borough School District
  • Census Tract: 808202

Zoning

  • Zoning: SF05

Geography

  • Account Number: 1.B
  • District: 08
  • Parcel: 08 00049-0000-00024
  • Block: 49
  • Lot: 24
  • Municipality: BRADLEY BEACH BORO
  • Latitude: 40.2016
  • Longitude: -74.0129

    Address

  • Full Address: 504 Madison Ave
  • Address - House Number: 504
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Bradley Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1232
  • Zip Code: 07720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $571,875

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 685,722
  • High Value: 808,221
  • Low Value: 563,222

    Market Valuation

  • Market Total Value: $605,800
  • Market Land Value: $459,200
  • Market Improvement Value: $146,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $605,800
  • Assessed Land Value: $459,200
  • Assessed Improvements Value: $146,600

    Sales

  • Current Sale Contract Date: Aug 14, 2015
  • Current Sale Recording Date: Aug 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015077299
  • Previous Sale Recording Date: Apr 06, 1994
  • Previous Sale Contract Date: Mar 25, 1994
  • Previous Sale Amount: $79,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Bradley Beach

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$761

Below Asking

0.02%

Average Days on Market

61

Average Home Size

959 ft²

Average Home Age

97.6 years

Currently For Sale

9 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 103 17th Avenue, Belmar, NJ, 07719

$2,600 /mo

  • 1 Bed
  • 1 Bath
103 17th Avenue #FRONTHOUSE, Belmar, NJ, 07719 Listing by Edward James Szumski
Unit for rent at 1700 Webb Street, Asbury Park, NJ, 07712

$2,500 /mo

  • 1 Bed
  • 1 Bath
1700 Webb Street #5B, Asbury Park, NJ, 07712 Listing by Travis Newarski
Unit for rent at 109 Second Avenue, Bradley Beach, NJ, 07720

$2,380 /mo

  • 1 Bed
  • 1 Bath
109 Second Avenue #A, Bradley Beach, NJ, 07720 Listing by Barbara Elmer

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Davidson, Berkshire Hathaway HomeServices Signature Properties
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21502487
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 504 Madison Avenue built and last sold?
The property at 504 Madison Avenue was built in 1929 and last sold on Aug 14, 2015 for $357,000.
How much is this home worth?
The estimated value of the home located at 504 Madison Avenue is $378,750.
What are some comparable homes to 504 Madison Avenue?
There are currently no comparable homes to 504 Madison Avenue.
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