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Leonardo 07737 Leonardo
548 Ocean Boulevard
$386,500
● House - Off Market

548 Ocean Boulevard

Leonardo, NJ 07737
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,566 Ft²
$501,447
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Lovely home in the Leonardo section of Middletown Township offering an updated kitchen with granite counter tops & stainless appliances, an open floor plan, hardwood floors, new Furnace, new Noritz tankless on demand hot water system, & new (2018) timberline roof with solar panels, attached garage, 2 full baths and family room with sliders to a lovely fenced back yard to enjoy!  Close to marina, lovely Atlantic Highlands with fabulous restaurants, NYC fast ferry & shopping, beaches & all the beautiful Monmouth County Parks! Property info gathered from County Records. Please confirm schools with Middletown Board Of Education. All info & dimensions approximate.
Unit Size
1,566 Ft²
Days on Market
-
Land Size
-
Price per sqft
$239
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1978

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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 #22031999)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Sep 8, 2020 Listed by C21 Thomson & Co. $375,000
Listed by C21 Thomson & Co.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,625
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,566
  • Building Area: 1,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,566
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 29
  • Account Number: 8-4-1.5
  • District: 32
  • Parcel: 32 00342-0000-00014
  • Block: 342
  • Lot: 14
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4187
  • Longitude: -74.0666

    Address

  • Full Address: 548 Ocean Blvd
  • Address - House Number: 548
  • Address - Street Name: Ocean
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1139
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $767,327

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 566,132
  • High Value: 673,699
  • Low Value: 458,565

    Market Valuation

  • Market Total Value: $441,500
  • Market Land Value: $250,100
  • Market Improvement Value: $191,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $441,500
  • Assessed Land Value: $250,100
  • Assessed Improvements Value: $191,400

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Nov 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020135923
  • Previous Sale Recording Date: Jul 31, 2017
  • Previous Sale Contract Date: Jul 17, 2017
  • Previous Sale Amount: $319,000
  • 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 Leonardo

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$381

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1276 ft²

Average Home Age

86.6 years

Currently For Sale

7 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 149 11th Street, Belford, NJ, 07718

$3,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,238 ft²
149 11th Street, Belford, NJ, 07718 Listing by Carly M York
Unit for rent at 16 Browns Lane, Atlantic Highlands, NJ, 07716

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
16 Browns Lane, Atlantic Highlands, NJ, 07716 Listing by Betsy I O'Connor

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Norma L Walling, C21 Thomson & Co.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22031999
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 548 Ocean Boulevard built and last sold?
The property at 548 Ocean Boulevard was built in 1978 and last sold on Oct 29, 2020 for $386,500.
How much is this home worth?
The estimated value of the home located at 548 Ocean Boulevard is $0.
What are some comparable homes to 548 Ocean Boulevard?
There are currently no comparable homes to 548 Ocean Boulevard.
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