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Ocean Acres 08050
1178 Barnacle Drive
$297,000
● House - Off Market

1178 Barnacle Drive

Manahawkin, NJ 08050
bedrooms
3 Beds
bathrooms
1 Bath
square feet
988 Ft²
$318,160
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Welcome to the market this ranch-style home located in the desirable Ocean Acres section of Stafford Twp.  This home offers three bedrooms, one bath, a rear deck, a fenced yard, and neutral finishes.  Located close to area amenities, major roadways, medical facilities, and the beaches of Long Beach Island. This house is ready to become your home.
Unit Size
988 Ft²
Days on Market
165 days
Land Size
0.22 acres
Price per sqft
$304
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
1977

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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: 12 months ago (MOMLS #22221225)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Premium
Sold
Jul 6, 2022 Listed by Home Alliance Realty, LLC $299,900
Listed by Home Alliance Realty, LLC

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: 9,433
  • Lot Size Depth Feet: 1,048
  • Lot Size Frontage Feet: 900
  • Total Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 988
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000216
  • 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 37
  • District: 31
  • Parcel: 31 00044- 18-00034
  • Block: 44.18
  • Lot: 34
  • Municipality: STAFFORD TWP
  • Latitude: 39.7243
  • Longitude: -74.2858

    Address

  • Full Address: 1178 Barnacle Dr
  • Address - House Number: 1178
  • Address - Street Name: Barnacle
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2408
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $342,507

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 301,022
  • High Value: 328,162
  • Low Value: 273,882

    Market Valuation

  • Market Total Value: $145,500
  • Market Land Value: $64,400
  • Market Improvement Value: $81,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,500
  • Assessed Land Value: $64,400
  • Assessed Improvements Value: $81,100

    Sales

  • Current Sale Contract Date: Dec 06, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 129685
  • Previous Sale Recording Date: Apr 10, 2017
  • Previous Sale Contract Date: Jan 30, 2017
  • Previous Sale Document Type: 64
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 90 Atlantis Avenue, Manahawkin, NJ, 08050

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,221 ft²
90 Atlantis Avenue, Manahawkin, NJ, 08050 Listing by Mary Weidenhof

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# 22221225
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 1178 Barnacle Drive built and last sold?
The property at 1178 Barnacle Drive was built in 1977 and last sold on Dec 6, 2022 for $297,000.
How much is this home worth?
The estimated value of the home located at 1178 Barnacle Drive is $0.
What are some comparable homes to 1178 Barnacle Drive?
There are currently no comparable homes to 1178 Barnacle Drive.
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