Ocean
86 Cedar Island Drive
$1,250,000
●
House -
Off Market
86 Cedar Island Drive
Brick, NJ 08723
4 Beds
3 Baths
$977,248
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
JUST UNPACK & ENJOY! Look no further than this beautiful waterfront
home with gorgeous sunrise and sunset views. Gourmet chef's kitchen
with custom cabinetry, Wolf cooktop, Viking French-door double oven
with warming drawer, Subzero refrigeration and wine storage, and
Marvel built in ice maker. 1st floor features extensive custom
woodwork with gas fireplace, plus a newly renovated full bath. 2nd
floor boasts 4 bedrooms and 2 full bathrooms. Outside, everything
is designed for maximum enjoyment. Step into the heated in-ground
salt-water pool or the HotSpring salt-water hot tub for the
ultimate relaxation with spectacular sunset views. An 80' dock with
wave runner lifts & large deck provides great space to entertain.
Optional membership for Shore Acres Yacht Club. Close to nearby
beaches.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,217
HOA Dues
-
Year Built
1998
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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 #22205035)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2022 | Sold | ||
| Sold | |||
| May 18, 2022 | Listed by NextHome Force Premier Realty | $1,250,000 | |
| Listed by NextHome Force Premier Realty | |||
| | |||
|
This is a Coming Soon and cannot be seen until Friday May 20th. Welcome to this beautiful waterfront home! You are welcomed by a spacious living and dining room area. Gourmet chef's kitchen with a beautiful blue, oversized island that features a wolf cooktop, Viking French-door double oven with warming drawer, Subzero refrigeration and wine storage, and a built in ice-maker. There is a gas fireplace and spacious living area that overlooks the water.On the lower level you have 1 full bathroom and laundry room. Upstairs you have 4 spacious bedrooms and 2 full bathrooms. Outside you have an oversized deck, in-ground pool and 80 food dock with wave runner lifts.There is an optional membership for Shore Acres Yacht Club. With these views, this is your next dream waterfront home!
| |||
| Mar 25, 2022 | Sold | ||
| Sold | |||
| Feb 24, 2022 | Listed by Coldwell Banker Realty | $949,000 | |
| Listed by Coldwell Banker Realty | |||
| Apr 3, 2017 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Ocean
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Listed by: Jacalyn Grieco, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22205035
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# 22205035
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Phone: 425-283-2930
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