$749,000
●
Condo -
Off Market
7 Pine Drive
Spring Lake Heights, NJ 07762
2 Beds
3 Baths,
1
Half Bath
$754,807
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
One of a kind complete down to the studs renovation. Replaced whole
house sheetrock, insulation, electrical, plumbing, windows, sliding
doors, trane a/c, gas heat, gas tankless hot water heater, HVAC
system in attic with damper to separate upstairs from downstairs,
Gas cooktop, wall oven and microwave, Gas dryer and matching LG
washer, 3/4 hardwood floors throughout and much more. Two bedrooms
and two and a half bathrooms, two walk in closets in the Master
Bedroom. Nicely done outside living as well paved patio and privacy
fence. Completely finished garage with pull down stairs to attic
storage. Fairway Mews lifestyle at its best, club house with pool,
golf, tennis. bocci and social events. All this and only blocks
from Spring Lakes beaches, parks and NJ Transit Trains.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$528
HOA Dues
$460
Year Built
1978
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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 #22303055)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2023 | Sold | ||
| Sold | |||
| Feb 3, 2023 | Listed by RE/MAX Imperial | $749,000 | |
| Listed by RE/MAX Imperial | |||
Property Highlights
Air Conditioning
Parking Details
Has Garage
Parking Features: Common
Garage Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Half Bathrooms: 1
Interior Features: Attic - Pull Down Stairs, Balcony, Sliding Door
Flooring Type: Wood
None
Exterior Details
Year Built: 1978
Parcel Number: 48-00042-03-00005
Inclusions: Washer, Wall Oven, Blinds/Shades, Ceiling Fan(s), Counter Top Range, Dishwasher, Dryer, Light Fixtures, Microwave, Refrigerator, Garage Door Opener, Gas Cooking
Exterior Features: Balcony
Roof: Shingle
Architectural Style: Detached, Townhouse
Pool Features: Common, In Ground
Lot Size Acres: 0.04
Lot Size Square Feet: 1742.4
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $505,100
Tax Year: 2022
Tax Annual Amount: $6,334
Association Fee Includes: Trash, Exterior Maint, Lawn Maintenance, Pool, Snow Removal
Association Amenities: Tennis Court, Professional Management, Association, Swimming, Pool, Golf Course, Clubhouse, Common Area, Bocci
Association Fee: $460
Association Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air, 2 Zoned AC
Heating Type: Natural Gas, Forced Air, 2 Zoned Heat
Sewer Information: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/03/2023
| |
2 Bed
|
3 Bath
|
-
|
$749,000
2 Bed
3 Bath
|
$749,000
05/03/2023
|
Nicholas Bruno
RE/MAX Imperial
|
Building Info
About Spring Lake Heights
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Listed by: Nicholas Bruno, RE/MAX Imperial
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22303055
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: 3 years ago
Data Source: MOMMLS, MLS# 22303055
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