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285 Bay Ave, Highlands, NJ, 07732

$897,500

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
Multi

Location

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285 Bay Ave, Highlands$897,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street, Detached, Oversized
Garage1 space
Year Built1933
CoolingMulti Unit(s)
MLS #22433239
Lot Size0.06 Acres
StatusActive

About 285 Bay Ave

This turn key 3 family property produces $85,000/year in rent with room for improvement. 2 one bedroom units and 1, three bedroom unit. Detached 1.5 garage. All recently renovated. Back flat roof just recently replaced. Short walk to the beach. Truly a cash cow!

Property Details

Property Features

Property Information:

  • Year Built: 1933

Listing Office:

  • Office Name: Melrose Realty, LLC
  • Listing Agent: David Sgalambro

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Laminate, Ceramic Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: On Street, Detached, Oversized

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Cooling: Multi Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $897,500

Tax Information:

  • Annual Amount: $7,800
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Highlands, NJ.

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Highlands, NJ

City

Med. Sold Price

$505K

Med. Price/SqFt

$385

Avg. Days On Market

47

# of Sold Homes

11

285 Bay Ave vs Highlands

33 DAYS ON ROCKET

-14 Days

$897,500

+$392.5K More

KEY TAKEAWAY

This property is $392.5K more than the Median Sold Price in Highlands, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22433239

Listing Office:

  • Office Name: Melrose Realty, LLC
  • Listing Agent: David Sgalambro

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 9:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,800$314,000
2019$6,794$247,200
2018$6,795$242,500
2017$6,819$242,500

History based on county public records data.

Payment Calculator

$4,547

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,757

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1165722
4
/10

  • Highlands Elementary School

  • 360 Navesink Ave # 36

  • 0.22 miles

  • Public District Grades PK-6

school-card-donut-1165723
8
/10

  • Navesink Elementary School

  • 151 Monmouth Ave

  • 2.09 miles

  • Public District Grades KG-5

school-card-donut-1165724
6
/10

  • Atlantic Highlands Elementary School

  • 140 1st Ave

  • 2.49 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,201. The majority of Highlands, NJ residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Monmouth County›Highlands›07732›285 Bay Ave

This home is located at 285 Bay Ave in Highlands, NJ and zip code 07732. This home, which was built in 1933, sits on a 0.06 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $897,500.

In November 2024 more than 3 listings in Highlands, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Highlands, NJ decreased by 7.3% between October 2024 and November 2024. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $505,000.

From Rocket Homes Real Estate and based on county public records data.

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