$385,000
●
House -
Off Market
550 Smith Drive
Point Pleasant, NJ 08742
3 Beds
3 Baths,
1
Half Bath
$677,955
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model
About This Property
Charming 3 bedroom raised ranch boasts front porch, hardwood floors
throughout first level, new Timberline roof and updated bathroom.
Custom built-ins surround gas fireplace in living room and opens to
dining room and kitchen. Finished basement with full bath, extra
room for office or possible 4th bedroom and private entrance is
perfect for weekend guests. Be in by summer to enjoy the heated
inground pool with new liner, screened porch, retractable awning
and beautiful, private landscaped yard! Short bike ride to river
and park.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1963
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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: 2 years ago (MOMLS #21518233)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2017 | Sold | ||
| Sold | |||
| Jan 13, 2017 | Listed by Real Estate, LTD | $400,000 | |
| Listed by Real Estate, LTD | |||
| | |||
|
Gorgeous ranch home with 3 BRs, 2.5 bathrooms, full finished basement, garage & an inground pool. When entering you'll notice the hardwood floors extending from the living room into the dining room & kitchen areas. You'll also take notice of the beautiful built in gas fireplace surround as the living room focal point. The kitchen features great cabinet & counter space & is open to the dining room & living room as well as having a great view of the pool & yard areas. All 3 BRs are on the same floor, along with the updated bathroom. The walk out finished basement is a great size with a full bathroom & an extra space which could possibly be used as a 4th BR or an office. Don't forget the large fenced in backyard with multi paver patios, back deck with awning and a wonderful inground pool!
| |||
| Sep 10, 2015 | Sold | ||
| Sold | |||
| May 10, 2015 | Listed by Diane Turton, Realtors-Spring Lake | $382,000 | |
| Listed by Diane Turton, Realtors-Spring Lake | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Point Pleasant
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Listed by: Colleen A Tobin, Diane Turton, Realtors-Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21518233
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21518233
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