$600,000
●
House -
Off Market
696 Michael Drive
Toms River, NJ 08753
4 Beds
4 Baths,
1
Half Bath
3,140 Ft²
$578,680
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
Located in the Brookside area of Toms River sits this magnificent
colonial. This grand home with curved staircase features ¾'' Bolivian Rosewood hardwood floors throughout, crown moldings, two
zoned gas baseboard heat and central air, 2 attics and
sprinkler system. Each bedroom is large in size and comes
with its own bathroom. The master offers 2 walk in closets, a
9 x 10 sitting area with sliders leading to a balcony and a huge
master bath with jetted tub and shower room. The basement has
10 ft ceilings with a bilco door leading to the backyard and the
property is .34 acres and has beautiful mature blooms and is
nestled on a private cul-de-sac. The space and functionality in
this home are amazing and some updates and TLC will be required.
This is an outstanding value and great opportunity to
customize your dream home.
Unit Size
3,140 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$170
Property Type
House
Property Taxes
$869
HOA Dues
-
Year Built
1987
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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 #22123019)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by Weichert Realtors-Toms River | $799,000 | |
| Listed by Weichert Realtors-Toms River | |||
| | |||
|
This is a coming soon listing and cannot be shown until 5/6/23. Welcome Home! This Grand Colonial style home features 3/4 in. hardwood floors throughout the living area. Walk in and be greeted with a spectacular curved staircase leading you up to 4 spacious bedrooms. Main bedroom has two walk-in closets, new beautifully tiled en-suite with double sinks and stall shower and 9x10 sitting area with sliders to the balcony. Each bedroom has a full bath attached. Kitchen with center island and wet bar opens to the family room with fireplace and French doors to a new deck. Brand new full bath on first level. The full basement has 15 ft. ceilings and Bilco doors to the fenced in backyard. New roof, new 2 zoned HVAC system, new HWH's, new windows in front of home, new deck and shed. A must see!
| |||
| Jan 10, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2021 | Listed by RE/MAX New Beginnings Realty-Toms River | $535,000 | |
| Listed by RE/MAX New Beginnings Realty-Toms River | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Toms River
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Listed by: Sandra A Bator, RE/MAX New Beginnings Realty-Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22123019
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# 22123019
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