ACT 12 $1,649,167 $799.70 $1,474,500 $1,149,000 $2,599,000 223
Currently Beachfront, Riverside Drive, 1st Ave, Captains Ct and Long Ave are represented here with 12 active listings; the lowest price home $1,149,000 is located on the 357 Beachfront, 568 Riverside Drive $1,699,000 and the highest is located on 19 Captains Court $2,599,000. So location and condition still have something to do with price. It will be interesting to see what they will sell for; right now the average days on the market equals 223.
Elizabeth H Jones, GRI
--Information deemed reliable but not guaranteed--Copyright: 2012 by the Monmouth County Association of REALTORSÂ®
1/23/2012 12:06:11 AM
As you probably know, there are only a handful of single family residences on Riverside so there isn't much selling there historically. For the last few years, the most expensive to sell was #556 which sold for just over $1M. It was a small cottage/teardown. Currently there are active listings on Riverside for $1.2M and $1.9M . The house for $1.2 is another cottage while the other for $1.9 is new construction.
If the new construction that is for sale on Riverside was on the beachfront, it would cost more, but how much more? That's hard to say because the most expensive home to sell on the beachfront in the last few years sold for $2.1. Valuewise and for resale purposes, stick with the beachfront. More people want to wake up to the sound and site of the ocean than that of the inlet.