$930,000
●
House -
Off Market
508 Bayview Drive
Toms River, NJ 08753
4 Beds
3 Baths,
1
Half Bath
$5,560
Est. Monthly
4.14%
Cap Rate
About This Property
Welcome to waterfront living with this beautiful colonial home
located in the Green Island section of Toms River! This 4-bedroom,
3.5-bathroom home, built in 2015, offers modern features and a
practical design The home has been lifted to meet FEMA guidelines,
and includes many additional upgrades including a tankless hot
water heater, paver patio and outdoor shower. The vinyl bulkhead,
redone in 2020, ensures durability and low maintenance, making it
ideal for waterfront living. The floor plan includes a kitchen that
flows into the dining and living area. The primary suite includes
an en-suite bathroom and a walk-in closet. Three additional
bedrooms and 2.5 bathrooms make this home perfect for shore living.
Asking price is BELOW appraisal price and ready to sell. Green
Island also features a private club to join, which features a
private beach, clubhouse and much more
Unit Size
-
Days on Market
127 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$993
HOA Dues
-
Year Built
1964
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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: 11 months ago (MOMLS #22501256)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Listed by RE/MAX First Class | $930,000 | |
| Listed by RE/MAX First Class | |||
| Jan 6, 2025 | Price Decreased |
$949,900
↓ $15K
(1.6%) | |
| Price Decreased | |||
| Dec 2, 2024 | Listed | $965,000 | |
| Listed | |||
| | |||
|
Welcome to waterfront living with this beautiful colonial home located in the Green Island section of Toms River! This 4-bedroom, 3.5-bathroom home, built in 2015, offers modern features and a practical design The home has been lifted to meet FEMA guidelines, and includes many additional upgrades including a tankless hot water heater, paver patio and outdoor shower. The vinyl bulkhead, redone in 2020, ensures durability and low maintenance, making it ideal for waterfront living. The floor plan includes a kitchen that flows into the dining and living area. The primary suite includes an en-suite bathroom and a walk-in closet. Three additional bedrooms and 2.5 bathrooms make this home perfect for shore living. Asking price is BELOW appraisal price and ready to sell. Island Community which features a beach, clubhouse, and much more!
| |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Toms River
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Listed by: Ryan Koehler, RE/MAX First Class
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 22501256
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: 11 months ago
Data Source: MOMMLS, MLS# 22501256
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