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Beachwood 08722
625 Cable Avenue
$229,000
● House - Off Market

625 Cable Avenue

Beachwood, NJ 08722
bedrooms
1 Bed
bathrooms
1 Bath
square feet
624 Ft²
$219,300
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

OWNER ONLY CONSIDERING CASH AND CONVENTIONAL LOAN OFFERS. AGENTS READ NOTES PRIOR TO MAKING APPOINTMENT. Lot to the left of the house is not for sale.*** Opportunity Awaits! This cozy home featuring 1 bedroom and 1 bathroom awaits your creative touch. Natural light floods the living room through the skylights and boasts vaulted ceilings and fireplace. The eat-in kitchen is equipped with solid wood cabinets and an additional skylight. The property also features two sheds (one is large enough to be a workshop) and an outdoor shower for added convenience. With 101 ft frontage, this property offers ample space for outdoor activities and entertainment. Come take a look and imagine the possibilities!
Unit Size
624 Ft²
Days on Market
-
Land Size
-
Price per sqft
$352
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1950

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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 #22308235)

Price History

Date / Event Date Event Price
Jul 1, 2023 Sold
Premium
Sold
Mar 29, 2023 Listed by RE/MAX Revolution $219,900
Listed by RE/MAX Revolution

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 624
  • Building Area: 624
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 624
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 725002

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 12
  • District: 05
  • Parcel: 05 00011- 02-00005- 01
  • Block: 11.02
  • Lot: 5.01
  • Municipality: BEACHWOOD BORO
  • Latitude: 39.931
  • Longitude: -74.1949

    Address

  • Full Address: 625 Cable Ave
  • Address - House Number: 625
  • Address - Street Name: Cable
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Beachwood
  • Carrier Code: C002
  • 4-Digit Zip Code: 3637
  • Zip Code: 08722

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,607

    Appraisal Valuation

  • Standard Deviation: 0.2063
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 320,366
  • High Value: 386,467
  • Low Value: 254,264

    Market Valuation

  • Market Total Value: $177,100
  • Market Land Value: $130,000
  • Market Improvement Value: $47,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,100
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $47,100

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 51214
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 Beachwood

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$312

Above Asking

0.00%

Average Days on Market

63

Average Home Size

1683 ft²

Average Home Age

49.1 years

Currently For Sale

24 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

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MOMMLS

Listed by: Jaime Pluta, RE/MAX Revolution
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22308235
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 625 Cable Avenue built and last sold?
The property at 625 Cable Avenue was built in 1950 and last sold on Jun 29, 2023 for $229,000.
How much is this home worth?
The estimated value of the home located at 625 Cable Avenue is $0.
What are some comparable homes to 625 Cable Avenue?
There are currently no comparable homes to 625 Cable Avenue.
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