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Ocean Acres 08050
116 Mooring Road
$245,000
● House - Off Market

116 Mooring Road

Manahawkin, NJ 08050
bedrooms
3 Beds
bathrooms
1 Bath
$314,963
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

This ranch home has a wonderful pleasant feeling from the moment you enter.  

Perfect starter home or retirement.  You will love the fenced yard and open floor plan.  This home features a tankless hot water heater.  The owners recently upgraded all the windows and the electrical panel and had the driveway re-paved. The owners also upgraded the heating and air conditioning to a multi-zone ductless system. There is plenty of space here to expand out!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$271
HOA Dues
-
Year Built
1977

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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: 3 years ago (MOMLS #22104825)

Price History

Date / Event Date Event Price
Apr 23, 2021 Sold
Premium
Sold
Feb 19, 2021 Listed by Keller Williams Atlantic Shore $259,000
Listed by Keller Williams Atlantic Shore
This ranch home has a wonderful pleasant feeling from the moment you enter. Perfect starter home or retirement. You will love the fenced yard and open floor plan. This home features a tankless hot water heater. The owners recently upgraded all the windows and the electrical panel and had the driveway re-paved. The owners also upgraded the heating and air conditioning to a multi-zone ductless system. There is plenty of space here to expand out!

Property Highlights

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • 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: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735001

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: TAX MAP 23
  • District: 31
  • Parcel: 31 00044- 157-00024
  • Block: 44.157
  • Lot: 24
  • Municipality: STAFFORD TWP
  • Latitude: 39.7435
  • Longitude: -74.2846

    Address

  • Full Address: 116 Mooring Rd
  • Address - House Number: 116
  • Address - Street Name: Mooring
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C007
  • 4-Digit Zip Code: 1630
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $334,503

    Appraisal Valuation

  • Standard Deviation: 0.224
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 323,740
  • High Value: 396,265
  • Low Value: 251,215

    Market Valuation

  • Market Total Value: $142,100
  • Market Land Value: $61,600
  • Market Improvement Value: $80,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $142,100
  • Assessed Land Value: $61,600
  • Assessed Improvements Value: $80,500

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021069194
  • Previous Sale Recording Date: Sep 19, 2019
  • Previous Sale Contract Date: Sep 13, 2019
  • Previous Sale Amount: $150,000
  • 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 Ocean Acres

Stats & Trends

Median Asking:

$544,500

Sale Price/ft²

$290

Below Asking

0.01%

Average Days on Market

62

Average Home Size

1701 ft²

Average Home Age

29.3 years

Currently For Sale

84 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 135 Nautilus Drive, Manahawkin, NJ, 08050

$3,100 /mo

  • 3 Beds
  • 1 Bath
  • 996 ft²
135 Nautilus Drive, Manahawkin, NJ, 08050 Listing by David Breitweiser
Unit for rent at 104 Nautilus Drive, Manahawkin, NJ 08050

$3,000 /mo

  • 4 Beds
  • 1.5 Baths
104 Nautilus Drive, Manahawkin, NJ 08050 Listing by DITH PAUL

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia A Formica, Keller Williams Atlantic Shore
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22104825
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 116 Mooring Road built and last sold?
The property at 116 Mooring Road was built in 1977 and last sold on Apr 21, 2021 for $245,000.
How much is this home worth?
The estimated value of the home located at 116 Mooring Road is $0.
What are some comparable homes to 116 Mooring Road?
There are currently no comparable homes to 116 Mooring Road.
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