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Cliffwood Beach 07735
1008 Sunset Way
$244,000
● House - Off Market

1008 Sunset Way

Cliffwood Beach, NJ 07735
bedrooms
3 Beds
bathrooms
1 Bath
$447,288
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Perfect Location! Perfect Home! Waterviews!--save up and maybe in the future you can put a second story addition on for even more spectacular waterviews! This is a three bedroom with one full bath. This home was basically all redone 5 years ago. It was a small bungalow style home and brought to perfection. It does feature a finished basement with tile flooring. Laundry area is down in the basement. Great for a children's playroom or a huge family room. No need to have all your stuff upstairs. Front porch area and an amazing deck with awesome views. Watch the sailboats, cruise ships or simply relax on the deck. You will feel like your on vacation every day. High and dry property so no flood insurance is necessary. Room size are approx.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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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: 3 years ago (MOMLS #21532993)

Price History

Date / Event Date Event Price
Dec 23, 2015 Sold
Premium
Sold
Aug 24, 2015 Listed by Realty Connect Group, LLC $252,000
Listed by Realty Connect Group, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,152
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,648
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Matawan-Aberdeen Regional School District
  • Census Tract: 802500

Zoning

  • Zoning: 9100

Geography

  • Assessors Map Reference: TAX MAP 102
  • District: 01
  • Parcel: 01 00372-0000-00007
  • Block: 372
  • Lot: 7
  • Municipality: ABERDEEN TWP
  • Latitude: 40.4451
  • Longitude: -74.2095

    Address

  • Full Address: 1008 Sunset Way
  • Address - House Number: 1008
  • Address - Street Name: Sunset
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Keyport
  • Carrier Code: C013
  • 4-Digit Zip Code: 5522
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $720,426

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 442,253
  • High Value: 530,916
  • Low Value: 353,591

    Market Valuation

  • Market Total Value: $332,300
  • Market Land Value: $241,800
  • Market Improvement Value: $90,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $332,300
  • Assessed Land Value: $241,800
  • Assessed Improvements Value: $90,500

    Sales

  • Current Sale Contract Date: Dec 21, 2018
  • Current Sale Recording Date: Jan 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019000240
  • Previous Sale Recording Date: Jan 08, 2016
  • Previous Sale Contract Date: Dec 29, 2015
  • Previous Sale Amount: $244,000
  • 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 Cliffwood Beach

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1114 ft²

Average Home Age

73.6 years

Currently For Sale

25 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 769 Cliffwood Avenue, Keyport, NJ, 07735

$3,350 /mo

  • 3 Beds
  • 2 Baths
769 Cliffwood Avenue, Keyport, NJ, 07735 Listing by Joseph Ciaglia

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Arlene Fetta, Realty Connect Group, LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21532993
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 1008 Sunset Way built and last sold?
The property at 1008 Sunset Way was built in 1956 and last sold on Dec 21, 2018 for $290,000.
How much is this home worth?
The estimated value of the home located at 1008 Sunset Way is $0.
What are some comparable homes to 1008 Sunset Way?
There are currently no comparable homes to 1008 Sunset Way.
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