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Monmouth 07711
506 N Edgemere Drive
$1,500,000
● House - Off Market

506 N Edgemere Drive

West Allenhurst, NJ 07711
bedrooms
7 Beds
bathrooms
7 Baths, 2 Half Baths
$2,311,532
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

ake View Home, with subdividable lot. & Bedrooms 5 full and 2 half baths in West Allenhurst.
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,270
HOA Dues
-
Year Built
1917

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 #22116818)

Price History

Date / Event Date Event Price
Jul 22, 2021 Sold
Premium
Sold
Apr 4, 2021 Listed by Gavin Agency $1,999,999
Listed by Gavin Agency

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 904
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,816
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 2,290
  • Total Building Area: 3,529
  • Building Area: 3,529
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,529
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000547
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 806300

Zoning

  • Zoning: 195

Geography

  • Assessors Map Reference: TAX MAP 41
  • District: 37
  • Parcel: 37 00067-0000-00002
  • Block: 67
  • Lot: 2
  • Municipality: OCEAN TWP
  • Latitude: 40.2383
  • Longitude: -74.0097

    Address

  • Full Address: 506 N Edgemere Dr
  • Address - House Number: 506
  • Street Direction: N
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Allenhurst
  • Carrier Code: C001
  • 4-Digit Zip Code: 1300
  • Zip Code: 07711

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,864,040

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,861,441
  • High Value: 2,214,361
  • Low Value: 1,508,521

    Market Valuation

  • Market Total Value: $1,197,200
  • Market Land Value: $840,400
  • Market Improvement Value: $356,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,197,200
  • Assessed Land Value: $840,400
  • Assessed Improvements Value: $356,800

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021112852
  • Previous Sale Recording Date: May 23, 2007
  • Previous Sale Contract Date: May 11, 2007
  • Previous Sale Amount: $900,000
  • 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 Monmouth

Stats & Trends

Median Asking:

$739,999

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

71

Average Home Size

2017 ft²

Average Home Age

45.6 years

Currently For Sale

1757 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 1101 Ocean Avenue, Asbury Park, NJ, 07712

$15,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,908 ft²
1101 Ocean Avenue #1102, Asbury Park, NJ, 07712 Listing by Robert N Lange

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Timothy Siciliano, Gavin Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22116818
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 506 North Edgemere Drive built and last sold?
The property at 506 North Edgemere Drive was built in 1917 and last sold on Jul 19, 2021 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 506 North Edgemere Drive is $2,019,999.
What are some comparable homes to 506 North Edgemere Drive?
There are currently no comparable homes to 506 North Edgemere Drive.
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