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Leonardo 07737 Leonardo
87 Hamilton Avenue
$299,000
● House - Off Market

87 Hamilton Avenue

Leonardo, NJ 07737
bedrooms
2 Beds
bathrooms
2 Baths
$371,799
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

BUY ME!! A Bayshore cottage in the best kept secret in Middletown- Leonardo! This charming two bedroom, two bath home features a cozy front porch perfect for admiring the fall foliage on this tree lined street. New hardwood floor in the living room & new full bath!  The large front and back yards feature a huge driveway, and a patio off of the eat in kitchen for outdoor entertaining! Big living room with full bath. Just blocks from the Leonardo Marina and beach, this is seaside living all year round! Convenient location close to NYC ferries, buses, and trains for quick commuting!  Great Middletown South schools!  A nice place to live!
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1923

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22103274)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Mar 25, 2021 Sold
Premium
Sold
Feb 4, 2021 Listed by Resources Real Estate $299,000
Listed by Resources Real Estate
Jan 28, 2021 In contract -
In contract
Nov 22, 2020 Relisted $299,000
Relisted
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 648
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 950
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 950
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 800400

Zoning

  • Zoning: 8163

Geography

  • Assessors Map Reference: TAX MAP 30
  • Account Number: 212-1
  • District: 32
  • Parcel: 32 00349-0000-00005
  • Block: 349
  • Lot: 5
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.4186
  • Longitude: -74.0645

    Address

  • Full Address: 87 Hamilton Ave
  • Address - House Number: 87
  • Address - Street Name: Hamilton
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Leonardo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1119
  • Zip Code: 07737

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $610,733

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 421,420
  • High Value: 507,629
  • Low Value: 335,211

    Market Valuation

  • Market Total Value: $351,400
  • Market Land Value: $221,200
  • Market Improvement Value: $130,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,400
  • Assessed Land Value: $221,200
  • Assessed Improvements Value: $130,200

    Sales

  • Current Sale Contract Date: Mar 08, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021061547
  • Previous Sale Recording Date: Jan 18, 2018
  • Previous Sale Contract Date: Dec 22, 2017
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 27
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 Leonardo

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$381

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1267 ft²

Average Home Age

81.3 years

Currently For Sale

6 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 10 Ocean Boulevard, Atlantic Highlands, NJ, 07716

$3,100 /mo

  • 1 Bed
  • 1 Bath
10 Ocean Boulevard #3C, Atlantic Highlands, NJ, 07716 Listing by Lisa Musillo
Unit for rent at 48 1st Avenue, Atlantic Highlands, NJ, 07716

$2,650 /mo

  • 1 Bed
  • 1 Bath
  • 11,162 ft²
48 1st Avenue #44, Atlantic Highlands, NJ, 07716 Listing by Christopher Cornette

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Mary Lynn Hughes, Resources Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22103274
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 87 Hamilton Avenue built and last sold?
The property at 87 Hamilton Avenue was built in 1923 and last sold on Mar 8, 2021 for $299,000.
How much is this home worth?
The estimated value of the home located at 87 Hamilton Avenue is $301,990.
What are some comparable homes to 87 Hamilton Avenue?
There are currently no comparable homes to 87 Hamilton Avenue.
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