$420,000
●
House -
Off Market
622 Central Avenue
Spring Lake Heights, NJ 07762
3 Beds
2 Baths,
1
Half Bath
$604,306
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
NEW ROOF, NEW GUTTERS, NEW WATER HEATER, PELLA WINDOWS, FRESH PAINT
& NEW HARDWOOD FLOORS ! This little gem is the perfect shore
getaway or investment property. Views of Wreck Pond from
front yard BUT NOT IN FLOOD ZONE! East of Rt. 71, just 2 blocks to
the edge of Spring Lake & 8 blocks to Spring Lake beach. 3 bedrooms
1.5 baths, MBR with attached bath on first level, 2 car detached
garage, hardwood floors 1st level, NEW HARDWOODS ON 2ND,
higher end vinyl siding, outdoor shower & deck with built in
seating. Great walk ability score for shopping & restaurants.
''PRICELESS PARKING'' FOR UP TO 8 CARS! Also zoned B2; it does have
zoning for commercial use as well. Purchase now to enjoy or
rent out until you are ready. Why wait! Start 2020 off with
your new place
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$485
HOA Dues
-
Year Built
1931
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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: 2 years ago (MOMLS #21933743)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2020 | Sold | ||
| Sold | |||
| Mar 22, 2020 | No longer available | - | |
| No longer available | |||
| Dec 28, 2019 | Listed | $425,000 | |
| Listed | |||
| | |||
|
NEW FLOORS, NEW WATER HEATER, NEW ROOF, NEW GUTTERS & PELLA WINDOWS! Great Investment Property EAST of 71 & 2 blocks to town of Spring Lake & 8 Blocks to Spring Lake Beach! Dual zoned residential single family and also B2 ''Commercial'' which includes a multitude of retail/office uses. Call for Info! JUST REPAINTED! First floor has living room, master bedroom with attached full bath, kitchen & half bath. Second floor has 2 more bedrooms, washer & dryer. Can rent it easily as single family or use for your business. Priceless parking & Walk-able Location! Views of Wreck Pond from front yard! PLENTY OF PARKING. BIG TICKET ITEMS DONE! BEST BUY IN SPRING LAKE AREA! The manager has listed the unit size as 997 square feet.
| |||
| Aug 15, 2019 | Listed by Coldwell Banker Realty | $425,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 12, 2013 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
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
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Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Spring Lake Heights
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Listed by: Susan V Bastardo, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21933743
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# 21933743
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