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Ocean Acres 08050
115 Flipper Avenue
$330,000
● House - Off Market

115 Flipper Avenue

Stafford, NJ 08050
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$1,919
Est. Monthly
12.55%
Cap Rate

About This Property

Ocean Acres- Welcome to this rustic ranch home featuring 4 bedrooms, eat in kitchen, fenced yard. Front deck and rear patio. Free standing gas fireplace in the living room, electric baseboard heat and wall gas space heater in rear primary room. Natural gas is connected to the house.
Unit Size
1,092 Ft²
Days on Market
49 days
Land Size
0.21 acres
Price per sqft
$302
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 12 months ago (MOMLS #22330477)

Price History

Date / Event Date Event Price
Jan 18, 2024 Sold
Premium
Sold
Nov 1, 2023 Listed by Home Alliance Realty $329,900
Listed by Home Alliance Realty
Ocean Acres- Welcome to this rustic ranch home featuring 4 bedrooms, eat in kitchen, fenced yard. Front deck and rear patio. Free standing gas fireplace in the living room, electric baseboard heat and wall gas space heater in rear primary room. Natural gas is connected to the house.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735004

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: TAX MAP 34
  • District: 31
  • Parcel: 31 00044- 114-00029
  • Block: 44.114
  • Lot: 29
  • Municipality: STAFFORD TWP
  • Latitude: 39.7317
  • Longitude: -74.2884

    Address

  • Full Address: 115 Flipper Ave
  • Address - House Number: 115
  • Address - Street Name: Flipper
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C014
  • 4-Digit Zip Code: 1834
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $358,279

    Appraisal Valuation

  • Standard Deviation: 0.224
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 334,851
  • High Value: 409,864
  • Low Value: 259,837

    Market Valuation

  • Market Total Value: $152,200
  • Market Land Value: $61,600
  • Market Improvement Value: $90,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,200
  • Assessed Land Value: $61,600
  • Assessed Improvements Value: $90,600

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6047
  • Previous Sale Recording Date: Jul 24, 2023
  • Previous Sale Contract Date: Jul 18, 2023
  • Previous Sale Amount: $152,200
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: ADJ
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 Ocean Acres

Stats & Trends

Median Asking:

$567,500

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

70

Average Home Size

1619 ft²

Average Home Age

27.7 years

Currently For Sale

59 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 1186 Galley Avenue, Manahawkin, NJ, 08050

$3,695 /mo

  • 5 Beds
  • 2 Baths
  • 2,108 ft²
1186 Galley Avenue, Manahawkin, NJ, 08050 Listing by Joshua Weingarten
Unit for rent at 399 Golfview Drive, Stafford, NJ, 08050

$3,600 /mo

  • 4 Beds
  • 4 Baths
  • 3,356 ft²
399 Golfview Drive, Stafford, NJ, 08050 Listing by Katty Velez

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa G Lopez, Home Alliance Realty, LLC
Last Updated: 12 months ago
Data Source: MOMMLS, MLS# 22330477
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 115 Flipper Avenue built and last sold?
The property at 115 Flipper Avenue was built in 1980 and last sold on Jan 18, 2024 for $330,000.
How much is this home worth?
The estimated value of the home located at 115 Flipper Avenue is $0.
What are some comparable homes to 115 Flipper Avenue?
There are currently no comparable homes to 115 Flipper Avenue.
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