$677,500
●
House -
Off Market
642 Locust Point Road
Locust, NJ 07760
2 Beds
1 Bath
$3,700
Est. Monthly
About This Property
Charming 2-bedroom cottage on a .28 acre lot in the
sought-after Locust section of Middletown. The new eat-in kitchen
features quartz counters, luxury vinyl tile flooring and all new
appliances. 9 foot ceilings, tremendous natural light &
bright walls give the home an airy, beachy feel. There is new
HVAC, plus freshly painted inside and out. Out back, a detached
two-car garage and a large yard look out over to neighboring horse
farm. The kind of setting that is hard to find and harder to
replace. A relaxed weekend retreat or an easy full-time home, close
to the beach and the ferry to NYC
Unit Size
-
Days on Market
63 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$758
HOA Dues
-
Year Built
1919
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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: 15 days ago (MOMLS #22626159)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by Heritage House Sotheby's International Realty | $599,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| May 30, 2023 | Sold | ||
| Sold | |||
| Apr 10, 2023 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | $399,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank | |||
| | |||
|
This cozy 2 bedroom bungalow features a front porch, low-pitched roof, and a compact layout. Located in the sought-after Locust section of Middletown boasts a large level lot, providing ample outdoor space for relaxation and entertainment. The front porch is not only a lovely feature of the home but also provides an ideal place to enjoy the outdoors and soak up the neighborhood's peaceful ambiance. Inside, the home includes 2 bdrms and one bath, providing a comfortable living space for a small family or a couple. Additionally, there is an unfinished basement that can be used for storage, a playroom, or potentially finished to provide add'l living space. The rear of the property features a det 2 car gar currently used as an artist studio.
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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 Monmouth
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Listed by: Kelly Zaccaro, Heritage House Sotheby's International Realty
Last Updated: 15 days ago
Data Source: MOMMLS, MLS# 22626159
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: 15 days ago
Data Source: MOMMLS, MLS# 22626159
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