515 Shark Lane
About This Property
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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 |
|---|---|---|---|
| Jul 20, 2022 | Sold | ||
| Sold | |||
| Jun 2, 2022 | Listed by BHHS Fox & Roach-Washington-Gloucester | $495,000 | |
| Listed by BHHS Fox & Roach-Washington-Gloucester | |||
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Welcome to 515 Shark Lane! This beautiful Ocean Acres charmer boasts over 2300 square feet of comfortable living space plus a full basement. Tastefully updated and upgraded throughout, the home is move-in ready and waiting for new owners to make it their own. The front porch provides an inviting refuge to unwind and entertain while contributing to the property’s overall homey vibe. Entering the attractive home, the spacious 2-story foyer features stylish, driftwood-toned laminate flooring and a neutral greige color pallet–instantaneously creating a warm atmosphere for all who enter and successfully setting the mood for the rest of the interior. In a post-pandemic world where people continue to spend lots of time at home, a flexible layout and using spaces to their fullest potential matters more than ever and this home is a great example of how rooms can be used differently than their intended purpose to meet distinct needs with style. To the left of the foyer sit the traditionally formal living room and dining room. These rooms are currently utilized as the family’s main recreational space and home office respectively in an adaptation that emphasizes practicality over formality. However, the elegant gas fireplace and rich, hardwood floors provide an elevated look for those seeking a conventional dressed-up entertaining space. Situated behind the foyer is the fabulous eat-in kitchen with center island. Crisp, white cabinets are offset by polished, granite countertops that combine muted shades of white and gray with striking dark veins and flecks of browns and blacks. Set against a tile backsplash in complementary earth-tones, the result is modern kitchen with a timeless, sophisticated, flair. Adjacent to the kitchen is the customary family room which presently serves a large dining area for extended friends and family to gather. A sliding glass door off the family room leads to the deck that overlooks the fenced-in backyard. Completing the main floor is the powder room and the laundry room with access to the 2-car garage . A hardwood staircase from the foyer leads upstairs to the 2nd floor which includes the master bedroom with updated en suite bathroom and dual walk-in closets, plus 3 additional generously sized bedrooms and a full hall bathroom. Downstairs, the full basement offers an extra 1100+ square feet of potential living space waiting to be finished or ready to serve your storage needs and rough-in plumbing exists for anyone looking to add an additional full bath. Less than 2 years ago the entire home was totally renovated with fresh paint, new flooring, updated baths, updated kitchen and new appliances. With so much to offer, and proximity to a multitude of shopping, dining, and entertainment venues, as well as major travel routes, this is the home you have been waiting for. Call today to schedule your personal tour.
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| Jan 4, 2021 | Sold | ||
| Sold | |||
| Sep 25, 2020 | Listed by RE/MAX at Barnegat Bay - Forked River | $394,900 | |
| Listed by RE/MAX at Barnegat Bay - Forked River | |||
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This Ocean Acres Colonial offers 4 bedrooms and 2.5 baths! With a 2 car attached garage, open front porch, and fireplace. Newly renovated with fresh paint, new flooring, and new appliances. Kitchen with breakfast bar, formal dining room, family room with sliding doors to rear deck and fenced backyard. Central air and forced hot air gas heat. This is a Fannie Mae Homepath Property.
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About Ocean Acres
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,900 /mo
- 3 Beds
- 1 Bath
- 1,448 ft²
$3,695 /mo
- 5 Beds
- 2 Baths
- 2,108 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017