$685,000
●
House -
Off Market
614 7th Avenue
Belmar, NJ 07719
3 Beds
2 Baths
1,250 Ft²
$770,800
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Modern north Belmar beach house with covered front porch,
incredible kitchen, attractive plank tile flooring, renovated first
floor bath, three full sized bedrooms, master with walk-in closet,
full bath with shower in tub upstairs, full basement with laundry &
Bilco doors leading to the home's fantastic patio! Home is equipped
with central air, a roomy paved driveway and is located near the
beach, marina, train station, Silver Lake Park, Pyanoe Plaza, as
well as many great shops, restaurants, pubs, pizzerias & cafe's.
This home is perfect for a primary residence, second home or
investment property! Home is leased from 5/28-9/6; seller prefers
to close after term (appx 9/10), but will entertain offers from
buyers motivated to assume the lease & receive net proceeds from
the $28k gross rent.
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$543
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
2001
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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 #22114040)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2021 | Sold | ||
| Sold | |||
| May 5, 2021 | Listed by Ward Wight Sotheby's International Realty | $679,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Nov 30, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $419,000 | |
| Listed | |||
| | |||
|
Not too much maintenance to worry about so you can enjoy the beach, and the popular downtown events just steps away. The North end is red hot, with a lot of new development coming on Main Street. This home has all of the convenience of a condo, without the maintenance fee (or lower re-sale value). The first level includes a Living Room, Kitchen and Dining area leading out, through sliding glass doors, to a convenient deck on the side of the home. There is also a full bath on this floor. Upstairs, there are three good sized bedrooms and another bath. The basement is full and ready to finish, with a walk out through bilco doors. The driveway can fit two cars; but you may not need them, since everything including the train station is nearby. Vacant and ready for immediate occupancy.
| |||
| May 4, 2017 | Listed by Gloria Nilson & Co. Real Estate | $419,000 | |
| Listed by Gloria Nilson & Co. Real Estate | |||
| | |||
|
Not too much maintenance to worry about so you can enjoy the beach, and the popular downtown events just steps away. The North end is red hot, with a lot of new development coming on Main Street. This home has all of the convenience of a condo, without the maintenance fee (or lower re-sale value). The first level includes a Living Room, Kitchen and Dining area leading out, through sliding glass doors, to a convenient deck on the side of the home. There is also a full bath on this floor. Upstairs, there are three good sized bedrooms and another bath. The basement is full and ready to finish, with a walk out through bilco doors. The driveway can fit two cars; but you may not need them, since everything including the train station is nearby. Vacant and ready for immediate occupancy.
| |||
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: Jacob L Smith, Ward Wight Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22114040
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# 22114040
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