$1,799,000
●
House -
Off Market
84 Ocean Terrace
Long Branch, NJ 07740
5 Beds
4 Baths,
1
Half Bath
3,504 Ft²
$10,579
Est. Monthly
2.04%
Cap Rate
About This Property
RARE OPPORTUNITY! OCEANSIDE 5 BEDROOM SINGLE FAMILY HOME JUST STEPS
TO THE BEACH & BOARDWALK!! This newer custom built home has a
fantastic open floor plan with extremely spacious rooms. The
ultimate beach home for the entire family with over 3500 sq ft of
living space, 5 beds, 3.5 baths, and parking for up to 5 cars!!
Gorgeous master suite w/ sitting room, luxurious bathroom, & walk
in. Premier location on the quieter end of the boardwalk, but still
a quick stroll to all that Pier Village has to offer. Fully enjoy
the easy summer lifestyle you've always wanted with numerous great
dining options, boutique shops, weekend entertainment, coffee
shops, and much more all within reach. Expansive outdoor living
space set up perfectly for entertaining and very easy maintenance.
Call today!
Unit Size
3,504 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$513
Property Type
House
Property Taxes
$1,745
HOA Dues
-
Year Built
2012
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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 #22330994)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2023 | Listed by RE/MAX Paradigm Realty Group | $1,799,000 | |
| Listed by RE/MAX Paradigm Realty Group | |||
| Sep 18, 2022 | No longer available | - | |
| No longer available | |||
| Jun 29, 2022 | Price Decreased |
$1,799,000
↓ $151K
(7.7%) | |
| Price Decreased | |||
| May 27, 2022 | Listed by RE/MAX Paradigm Realty Group | $1,950,000 | |
| Listed by RE/MAX Paradigm Realty Group | |||
| | |||
|
RARE OPPORTUNITY! OCEANSIDE 5 BEDROOM SINGLE FAMILY HOME JUST STEPS TO THE BEACH & BOARDWALK!! This newer custom built home has a fantastic open floor plan with extremely spacious rooms. The ultimate beach home for the entire family with over 3500 sq ft of living space, 5 beds, 3.5 baths, and parking for up to 5 cars!! Gorgeous master suite w/ sitting room, luxurious bathroom, & walk in. Premier location on the quieter end of the boardwalk, but still a quick stroll to all that Pier Village has to offer. Fully enjoy the easy summer lifestyle you've always wanted with numerous great dining options, boutique shops, weekend entertainment, coffee shops, and much more all within reach. Expansive outdoor living space set up perfectly for entertaining and very easy maintenance. Call today! The manager has listed the unit size as 3504 square feet.
| |||
Property Highlights
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 Long Branch City
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Currently no similar homes aroundNearby Rentals
Listed by: Paul Kiernan, RE/MAX Paradigm Realty Group
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22330994
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# 22330994
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