$825,000
●
House -
Off Market
611 13th Avenue
Belmar, NJ 07719
3 Beds
2 Baths
$1,195,172
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Awesome Opportunity ~ This could be a wonderful Income Producing
Investment! Live in the main house and rent out the back house or
rent out both. The main house was completely renovated from the
ground up including new footings and concrete slab and the back
house was completely rebuilt. Some of the exterior details include
HardiePlank siding, bluestone front porch, stone patio's & walkways
and spray foam insulation. The main house offers three bedrooms,
two full baths, family room, dining area open to the spacious
kitchen with center island and a full unfinished basement. The back
house has a bedroom, bath, family room, kitchen with dining area,
laundry closet and a private side patio to relax on. Convenient
location to Main Street, restaurants and shops and a short distance
to the beach.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1903
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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 #21904240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 22, 2019 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Ward Wight Sotheby's International Realty | $799,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Dec 8, 2017 | Sold | ||
| Sold | |||
| Sep 29, 2017 | Listed by Keller Williams Realty East Monmouth | $365,000 | |
| Listed by Keller Williams Realty East Monmouth | |||
| | |||
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This is a single family home approximately 1,400 sq. ft. It contains 3 bedrooms and 1 bath.Entertain in the cozy living room or in the dining room off the eat in kitchen. Sit and relax on the wrap around front porch. Walk along the long driveway to the fenced in backyard where you will find a small, quaint cottage. The cottage could be restored and used as a rental property for income. Come see this gem today!
For showing appointments please contact Showing time. Property is being sold ''As-Is.'' Buyer is responsible for obtaining CO and any other city inspections.
| |||
Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Belmar
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Listed by: Denise Dreyer, Ward Wight Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21904240
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: 2 years ago
Data Source: MOMMLS, MLS# 21904240
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017