Score
0Beach Haven, NJ
328 Coral St
1.5M
5 beds
3 baths
2,088 sqft
5 bd • 3 ba • 2,088 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,539,800
Price/Sq.Ft
$737
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 328 Coral St, Beach Haven, NJ offers a spacious 2,088 sqft layout with 5 bedrooms and 3 bathrooms, ideal for large families or as a vacation rental. Its location in Beach Haven, a popular coastal town, suggests strong rental potential. The property's size is 39% larger than the average 3-bedroom home in the area (1,500 sqft), offering excellent value. The exterior appears well-maintained with neutral siding, likely reducing immediate maintenance costs. The presence of mature trees indicates an established neighborhood, potentially increasing property value. The basketball hoop and ample parking space (including a garage and driveway) add recreational value and convenience for residents or renters.
The Bad
At $737.45/sqft, the property is priced 23% above the area's median price of $600/sqft for similar homes, potentially limiting its investment appeal. The lack of detailed property features and description makes it challenging to assess the interior condition and any recent upgrades. The unknown build year raises concerns about potential hidden issues or outdated systems. The property's proximity to other homes suggests limited privacy, which may deter some buyers. The visible power lines in front of the house could be considered an eyesore and may impact resale value.
The Ugly
Beach Haven's location on a barrier island exposes the property to significant flood and hurricane risks. FEMA flood maps indicate a high probability (26% chance over 30 years) of severe flooding, potentially leading to annual flood insurance costs of $3,000-$5,000. Wind damage risk is also high, with potential insurance premiums 30-40% higher than inland properties. The median income of $97,247 in Beach Haven suggests that the $1,539,800 price tag may be out of reach for many local buyers, potentially limiting the resale market. Estimated property taxes could reach $15,000-$20,000 annually based on New Jersey's high property tax rates, significantly increasing the total cost of ownership.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-income families or groups of investors with a combined annual income of $300,000+ (based on a 28% front-end DTI ratio). It's ideal for those seeking a spacious vacation home with strong rental potential, as Beach Haven's popularity could generate weekly rental rates of $3,000-$4,000 during peak season. The 5-bedroom layout works well for multi-generational families or those frequently hosting guests. Investors looking for long-term appreciation in a desirable coastal market may find value, despite the high entry price.
Not For
This property is not suitable for first-time homebuyers or those with household incomes below $200,000 due to the high purchase price and ongoing costs. It's also not ideal for those seeking a quiet, private retreat due to the close proximity of neighboring homes. Risk-averse investors or those unable to manage potential flood and storm-related expenses should avoid this property. Additionally, it's not suitable for buyers looking for a low-maintenance or newly built home, given the unknown construction date and potential for weather-related wear.
Demographics
Area Median Income
$97,247
Property History
Price History
Ownership Timeline
$945,000Financed
Dec 15, 2020Talia S MalkaGrigory Mindlin, Alison Mindlin
Deed
Standard Sale (Purchase/Resales)
$605,000Financed
Jun 15, 2017Carrie Zipf SloweTalia S Malka
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Nov 20, 1997John Slowe, Anne Lynn DixonJohn Slowe
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,146
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,539,800
Price/sqft
$737
Layout
5 bd•3 ba
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$2,255,000
31.7%
Your price is 31.7% below average
Median Price
$2,350,000
34.5%
Based on 5 recent sales
Price per Sq.Ft
$1,036
28.8%
Your price is 28.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 431 AMBER STREET UNIT # A, BEACH HAVEN, NJ 08008 | $1,925,000 | 1,854 | 4 | 3 | $1,03840.8% | 8/22/2024 |
| 334 LEEWARD AVENUE, BEACH HAVEN, NJ 08008 | $2,350,000 | 2,237 | N/A | N/A | $1,05142.5% | 10/22/2024 |
| 334 LEEWARD AVENUE, BEACH HAVEN, NJ 08008 | $2,350,000 | 2,237 | 5 | 4 | $1,05142.5% | 10/22/2024 |
| 112 E 13TH, LONG BEACH TOWNSHIP, NJ 08008 | $2,500,000 | 2,352 | 4 | 4 | $1,06344.1% | 9/8/2024 |
| 407 AMBER ST, BEACH HAVEN, NJ 08008 | $2,150,000 | 2,200 | 4 | 4 | $97732.5% | 7/29/2024 |
431 AMBER STREET UNIT # A, BEACH HAVEN, NJ 08008
Price: $1,925,000
Sq.Ft: 1,854
Beds/Baths: 4/3
$/Sq.Ft:
$1,03840.8%
Sale Date: 8/22/2024
334 LEEWARD AVENUE, BEACH HAVEN, NJ 08008
Price: $2,350,000
Sq.Ft: 2,237
Beds/Baths: N/A/N/A
$/Sq.Ft:
$1,05142.5%
Sale Date: 10/22/2024
334 LEEWARD AVENUE, BEACH HAVEN, NJ 08008
Price: $2,350,000
Sq.Ft: 2,237
Beds/Baths: 5/4
$/Sq.Ft:
$1,05142.5%
Sale Date: 10/22/2024
112 E 13TH, LONG BEACH TOWNSHIP, NJ 08008
Price: $2,500,000
Sq.Ft: 2,352
Beds/Baths: 4/4
$/Sq.Ft:
$1,06344.1%
Sale Date: 9/8/2024
407 AMBER ST, BEACH HAVEN, NJ 08008
Price: $2,150,000
Sq.Ft: 2,200
Beds/Baths: 4/4
$/Sq.Ft:
$97732.5%
Sale Date: 7/29/2024
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