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Point Pleasant 08742 Point Pleasant
521 Smith Drive
$355,000
● House - Off Market

521 Smith Drive

Point Pleasant, NJ 08742
bedrooms
3 Beds
bathrooms
2 Baths
$424,409
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Nice 3 bedroom 2 full bath home in Point Pleasant Boro. With a little TLC you will have built in equity. Selling AS IS. Kitchen has full appliance package and new self cleaning stove, stackable washer/dryer are included. Home has hardwood floors and gas heat on first floor, electric heat and carpet for the 3rd bedroom on the second floor. The yard is a nice size for outdoor entertaining and has a shed. Driveway can accommodate 2 cars easily. Master bedroom has a master bath with shower. With a walk in attic there is lots of storage space. The den has built in's plus a gas fireplace.  Priced to sell quickly. This is the best deal in the boro.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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: 2 years ago (MOMLS #22106221)

Price History

Date / Event Date Event Price
Apr 14, 2021 Sold
Premium
Sold
Mar 4, 2021 Listed by Berkshire Hathaway HomeServices Fox & Roach $349,000
Listed by Berkshire Hathaway HomeServices Fox & Roach
Nov 15, 2013 Sold
Premium
Sold
Sep 23, 2013 Listed by Global Realty Group $234,900
Listed by Global Realty Group
$$ Priced to Sell $$ Adorable Cape situated on a large lot. Beautiful hardwood throughout, home has been well maintained and is in great condition. On a quiet street, with a park like setting in one of Point Pleasant's nicest neighborhoods! NOT in a flood zone.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,032
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Point Pleasant Borough School District
  • Census Tract: 711200

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 2
  • District: 25
  • Parcel: 25 00066-0000-00004
  • Block: 66
  • Lot: 4
  • Municipality: POINT PLEASANT BORO
  • Latitude: 40.0878
  • Longitude: -74.0884

    Address

  • Full Address: 521 Smith Dr
  • Address - House Number: 521
  • Address - Street Name: Smith
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Point Pleasant Boro
  • Carrier Code: C019
  • 4-Digit Zip Code: 5430
  • Zip Code: 08742

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $582,352

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 500,860
  • High Value: 609,649
  • Low Value: 392,072

    Market Valuation

  • Market Total Value: $272,000
  • Market Land Value: $187,500
  • Market Improvement Value: $84,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,000
  • Assessed Land Value: $187,500
  • Assessed Improvements Value: $84,500

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021061810
  • Previous Sale Recording Date: Nov 20, 2013
  • Previous Sale Contract Date: Nov 12, 2013
  • Previous Sale Amount: $200,000
  • 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 Point Pleasant

Stats & Trends

Median Asking:

$767,000

Sale Price/ft²

$496

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1922 ft²

Average Home Age

35.2 years

Currently For Sale

80 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 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,800 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Ball, Berkshire Hathaway HomeServices Fox & Roach
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22106221
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 521 Smith Drive built and last sold?
The property at 521 Smith Drive was built in 1952 and last sold on Apr 14, 2021 for $355,000.
How much is this home worth?
The estimated value of the home located at 521 Smith Drive is $0.
What are some comparable homes to 521 Smith Drive?
There are currently no comparable homes to 521 Smith Drive.
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