507 Ocean Boulevard #7
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by Compass New England, LLC | $788,000 | |
| Listed by Compass New England, LLC | |||
| | |||
|
***Property is under agreement, but still able to be shown for back up offers.*** Classy, Stylish, Modern, this young townhome is all that & much more. The best part is the neighborhood, perfectly placed between popular North Beach, world famous Hampton beach & scenic Boars Head. This end unit is peacefully tucked off Ocean Blvd, in a small well managed complex where homes rarely come up for sale. Thoughtfully designed & well built in 2001, beautifully maintained ever since. This spacious property offers room for year round living with wide open concept 1st floor that enjoys a big kitchen w/ large dining space & island. This area flows into both living room & family room w/ gathering area by the fireplace that has ample space for a couch / chair combination. This is the ideal flow for entertaining so that no one ever feels left out of the fun. Popular main level primary suite w/ private custom bath includes tile shower, large tub & great closet space. Half bath w/ laundry. Upstairs there's 2 more nicely sized bedrooms, w/ skylights & full bath. Hampton beach offers a 1.35-mile stretch of pristine sandy beach, complemented by a vibrant boardwalk. With the abundance of popular area amenities, coffee shops, restaurants, shopping, recreation spots, nightlife, live music, food festivals close by you'll feel like you are on vacation year round. Instead of sitting in traffic simply cross Ocean Blvd. 14 miles to Portsmouth, 8 to Newburyport, 45 to Boston.
| |||
| Mar 27, 2020 | Listed by McGuirk Properties, LLC | $525,000 | |
| Listed by McGuirk Properties, LLC | |||
| Oct 19, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/12/2024
|
3 Bed
|
3 Bath
|
1694 ft²
|
$788,000
3 Bed
3 Bath
1694 ft²
|
$770,000
-2.28%
09/16/2024
|
Sean Bakhtiari
Compass New England, LLC
| |
|
04/18/2023
|
3 Bed
|
3 Bath
|
1680 ft²
|
$659,000
3 Bed
3 Bath
1680 ft²
|
$659,000
06/22/2023
|
Jonathan McInnis
Harris Real Estate
| |
|
03/27/2020
|
3 Bed
|
3 Bath
|
1694 ft²
|
$525,000
3 Bed
3 Bath
1694 ft²
|
$525,000
03/27/2020
|
Tom McGuirk
McGuirk Properties, LLC
| |
|
06/04/2019
|
3 Bed
|
3 Bath
|
1694 ft²
|
$559,900
3 Bed
3 Bath
1694 ft²
|
-
-
|
-
| |
|
05/11/2015
|
3 Bed
|
3 Bath
|
1680 ft²
|
$450,000
3 Bed
3 Bath
1680 ft²
|
$440,000
-2.22%
07/02/2015
|
Jane Currivan
Coldwell Banker Realty Portsmouth NH
| |
|
03/06/2009
|
3 Bed
|
3 Bath
|
1680 ft²
|
$359,900
3 Bed
3 Bath
1680 ft²
|
$350,000
-2.75%
09/16/2009
|
Lauren Stone
Carey Giampa, LLC/Rye
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017