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Pine Beach 08741
718 New Jersey Avenue
$525,000
● House - Off Market

718 New Jersey Avenue

Pine Beach, NJ 08741
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,650 Ft²
$676,626
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Well cared for Custom Colonial situated on a nice corner lot in the waterfront community of Pine Beach. Features 2650 square feet, 4 bedrooms, 2.5 baths, full finished basement & attached oversized 2-car garage. Welcoming open front porch, 2-story foyer, gleaming hardwood floors, transom windows, raised panel doors, recessed lighting, 2-zone heat & air. Large living room with columns lead into dining area. Family room with gas fireplace & stone accent wall. Spacious eat-in-kitchen with 2-tier counter top, ceramic tile flooring, pantry & full stainless steel appliance package too! Full finished basement offers HUGE bonus space & private bonus room. Additional area for great storage options! Sliders lead out to trex steps & vinyl railing onto your 100X125 lot. Fenced area with 8X12 shed.
Unit Size
2,650 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
2010

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Cap Rate Calculator

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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 #22036748)

Price History

Date / Event Date Event Price
Dec 11, 2020 Sold
Premium
Sold
Oct 11, 2020 Listed by Real Estate, LTD $515,000
Listed by Real Estate, LTD

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,295
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,644
  • Building Area: 2,644
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,644
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 8,9,10

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 730000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 23
  • Parcel: 23 00046-0000-00007
  • Block: 46
  • Lot: 7
  • Municipality: PINE BEACH BORO
  • Latitude: 39.9346
  • Longitude: -74.1713

    Address

  • Full Address: 718 New Jersey Ave
  • Address - House Number: 718
  • Address - Street Name: New Jersey
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Pine Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1612
  • Zip Code: 08741

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,017,764

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 719,625
  • High Value: 870,732
  • Low Value: 568,517

    Market Valuation

  • Market Total Value: $579,500
  • Market Land Value: $150,000
  • Market Improvement Value: $429,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $579,500
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $429,500

    Sales

  • Current Sale Contract Date: Dec 03, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020159314
  • Previous Sale Recording Date: Jul 28, 2010
  • Previous Sale Contract Date: Jul 08, 2010
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pine Beach

Stats & Trends

Median Asking:

$607,000

Sale Price/ft²

$351

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1253 ft²

Average Home Age

93 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 32 Belmont Avenue, Bayville, NJ, 08721

$3,800 /mo

  • 4 Beds
  • 2 Baths
32 Belmont Avenue, Bayville, NJ, 08721 Listing by Halley Fitzsimmons

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lorraine F Petersen, Real Estate, LTD
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22036748
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.

Frequently Asked Questions

When was property at 718 New Jersey Avenue built and last sold?
The property at 718 New Jersey Avenue was built in 2010 and last sold on Dec 3, 2020 for $525,000.
How much is this home worth?
The estimated value of the home located at 718 New Jersey Avenue is $531,038.
What are some comparable homes to 718 New Jersey Avenue?
There are currently no comparable homes to 718 New Jersey Avenue.
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