$765,000
●
House -
Off Market
71 Forrest Avenue
Rumson, NJ 07760
3 Beds
1 Bath
$801,241
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Opportunity awaits! Charming cottage by the seashore! Perfect for
the first time buyer looking to move into town, a summer getaway,
or expand to make it your own! Large corner lot offers tons
of options! This sweet home features a nice size master bedroom,
wood floors throughout most of the house, a living room plus family
room, efficient kitchen, great storage in the heated
basement, and privacy in the back yard.
Great location within blocks of school, shopping and a quick ride to the beach!
Property runs to West St. Attached is survey and town requirements, buyer to do due diligence if looking to completely rebuild .
Although well maintained, selling ''as is'', and subject to sellers relocation.
Great location within blocks of school, shopping and a quick ride to the beach!
Property runs to West St. Attached is survey and town requirements, buyer to do due diligence if looking to completely rebuild .
Although well maintained, selling ''as is'', and subject to sellers relocation.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$672
HOA Dues
-
Year Built
1922
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22312017)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| May 5, 2023 | Listed by Heritage House Sotheby's International Realty | $799,900 | |
| Listed by Heritage House Sotheby's International Realty | |||
| Apr 8, 2023 | No longer available | - | |
| No longer available | |||
| Oct 10, 2022 | Listed by Keller Williams Realty East Monmouth | $849,000 | |
| Listed by Keller Williams Realty East Monmouth | |||
| | |||
|
Location, Location, Location! Quaint cottage located in the heart of Rumson. Walking distance to schools, restaurants, shops, parks and much more. Bring your vision to this exiting beautiful home and property and make it your own. Corner lot with plenty of room for expansion on the existing home. The home is being sold ''AS IS''. An amazing opportunity on a great property and location! Enjoy all that Rumson has to offer, just a stroll away... Tremendous value in the property alone. Primed for New Construction. Explore the opportunities and make it your own! The new home elevation is an example of what can be built on the property.
| |||
Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Rumson - Fair Haven
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Rosanne Egidio, Heritage House Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22312017
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# 22312017
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017