637 Point Avenue
About This Property
Natural light floods in and illuminates the two-story foyer with custom flooring, elegant wainscoting and crown molding. From here, you're drawn into the expansive kitchen, dining and living room with a fireplace.
A center island, high-end appliances and ample cabinetry will delight the avid cook along with direct access to the entertainer's patio. Imagine hosting guests as you take in the sensational outlook over the sparkling in-ground pool to the river beyond.
There is a den, with an attached bath, on this level along with a half bath, a mudroom and an attached garage.
Four bedrooms are housed on the second floor including the primary bedroom with two walk-in closets, access to a balcony and a primary bath with a tub. One of the guest bedrooms has a private bath and a walk-in closet while two share a Jack-and-Jill bath. A laundry room completes this level of the home.
Adding incredible versatility is a third-level family room, a full bath and attic space while the basement offers a large rec room, three additional bedrooms, a bath and utility room. Extra must-have features include Cedar Impression siding, Andersen Windows, a Timberline Roof and paver stone accents throughout the driveway.
Outside, you're treated to a professional outdoor kitchen, a boat lift and a prized position directly opposite the Metedeconk River Yacht Club.
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2023 | Sold | ||
| Sold | |||
| Oct 21, 2022 | Listed by RE/MAX Revolution | $3,150,000 | |
| Listed by RE/MAX Revolution | |||
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Opulent Waterfront Property located on a Cul-de-Sac on the Metedeconk River. Neighboring Homes are Some of the Most Exquisite in Ocean County. With close to 5,000 sq ft, this custom 6 Bedroom 6.5 Bath Home with 2 Car Garage and Finished Basement (1,100sq ft) will take your Breath Away from the moment you enter the 2-Story Foyer by its' Glistening Hardwood Floors, Chef's Kitchen w/ VIKING Appliances, Interior and Exterior Surround Sound, and Living Room and Dining Room w/ a Wall of Windows. All Overlooking the Outdoor Kitchen and Pool and 300' Dock (Riparian Grant). The Dock also Boasts NEW 18,000lb Boat Lift and 2 Wave Runner Lifts Across the River from the Metedeconk River Yacht Club. Low Flood Insurance $728 per yer. No Sandy Damage.
1st Floor Office/Bedroom with En Suite, Mud Room, 1 Full and 1 Half bath, XL Pantry was designed with an elevator in mind.
2nd Floor- (4 Bedrooms, 4 Bathrooms, XL Closet possibility of an Elevator in the future) Large Front Bedroom with Sitting area with Walk-In Closet and attached En Suite, Laundry Room, 2 Bedrooms with Jack and Jill Bathroom and Balcony overlooking river, Master Bedroom w/Balcony and 2 Walk-in Closets, En Suite with Double Sinks, Deep Soaking Tub, Custom Shower w/ Seamless Glass Shower Door and Private Commode and Bidet.
3rd Floor- Bedroom/Office with Deck Overlooking river with En Suite and Attic Door Access. XL Closet
Basement- Finished and Furnished-Large Storage Rooms along w/ 3 Additional Bonus Rooms and a Full Bath
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| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jun 28, 2021 | Listed by Clayton & Clayton Inc.Realtors | $2,695,000 | |
| Listed by Clayton & Clayton Inc.Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017