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Waretown 08758
11 Peg Leg Way
$217,500
● House - Off Market

11 Peg Leg Way

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,356 Ft²
$386,176
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Enjoy boating, swimming and fishing with your own affordable home on a lagoon in the community of Skippers Cove on Barnegat Bay. This lovely 3 bedroom 1 bath home has newer windows, remodeled bath, heated sun room, fenced yard and much more. The community has a private beach, clubhouse, marina with ramp,playground, picnic area on the beach, basketball court and much more for you and your guests to enjoy life at the Jersey shore. Association dues are $200. yearly.
Unit Size
1,356 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
$436
HOA Dues
$17
Year Built
1962

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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 #21544766)

Price History

Date / Event Date Event Price
May 30, 2017 Sold
Premium
Sold
Dec 1, 2015 Listed by Diane Turton REALTORS $239,000
Listed by Diane Turton REALTORS
Enjoy boating, swimming and fishing with your own affordable home on a lagoon in the community of Skippers Cove on Barnegat Bay. This lovely 3 bedroom 1 bath home has newer windows, remodeled bath, heated sun room, fenced yard and much more. The community has a private beach, clubhouse, marina with ramp,playground, picnic area on the beach, basketball court and much more for you and your guests to enjoy life at the Jersey shore. Association dues are $175. yearly.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,356
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 19
  • District: 21
  • Parcel: 21 00159-0000-00006
  • Block: 159
  • Lot: 6
  • Municipality: OCEAN TWP
  • Latitude: 39.7957
  • Longitude: -74.1876

    Address

  • Full Address: 11 Peg Leg Way
  • Address - House Number: 11
  • Address - Street Name: Peg Leg
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2131
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $660,375

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 481,611
  • High Value: 590,005
  • Low Value: 373,216

    Market Valuation

  • Market Total Value: $303,900
  • Market Land Value: $197,000
  • Market Improvement Value: $106,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,900
  • Assessed Land Value: $197,000
  • Assessed Improvements Value: $106,900

    Sales

  • Current Sale Contract Date: May 22, 2017
  • Current Sale Recording Date: Jul 03, 2017
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017067365
  • Previous Sale Recording Date: Oct 15, 2001
  • Previous Sale Contract Date: Oct 10, 2001
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Waretown

Stats & Trends

Median Asking:

$519,950

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1689 ft²

Average Home Age

45.4 years

Currently For Sale

11 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 30 Walnut Street, Waretown, NJ, 08758

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,008 ft²
30 Walnut Street, Waretown, NJ, 08758 Listing by Beth M Huntley

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia Eppolito, Diane Turton, Realtors-Lacey
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21544766
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 11 Peg Leg Way built and last sold?
The property at 11 Peg Leg Way was built in 1962 and last sold on May 22, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 11 Peg Leg Way is $0.
What are some comparable homes to 11 Peg Leg Way?
There are currently no comparable homes to 11 Peg Leg Way.
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