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Ocean Acres 08050
120 Gaff Road
$380,000
● House - Off Market

120 Gaff Road

Manahawkin, NJ 08050
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,425 Ft²
$557,504
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

A designers delight- meticulously maintained completely updated home.  Beautiful 4 bedroom, 2 1/2 bath, finished basement, tastefully landscaped front yard, totally private backyard with above ground pool, composite deck and pavers.  Located on a quiet dead end street in the highly desired Ocean Acres.

The upgrades are endless, tankless water heater, heat & AC in garage, 3 zone heat & AC, washer & dryer hook-ups in basement and in master bath.   Walk-up storage or attic above garage.
Unit Size
2,425 Ft²
Days on Market
-
Land Size
-
Price per sqft
$157
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
2003

Payment Calculator

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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: 2 years ago (MOMLS #21923643)

Price History

Date / Event Date Event Price
Jul 31, 2019 Sold
Premium
Sold
Jun 7, 2019 Listed by C21/ Action Plus Realty $379,900
Listed by C21/ Action Plus Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 960
  • Garage Type: 2
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,188
  • Building Area: 2,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN ACRES SECTION NO 11
  • Land Acres: 0000000258
  • 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 29
  • District: 31
  • Parcel: 31 00044- 129-00018
  • Block: 44.129
  • Lot: 18
  • Municipality: STAFFORD TWP
  • Latitude: 39.7373
  • Longitude: -74.299

    Address

  • Full Address: 120 Gaff Rd
  • Address - House Number: 120
  • Address - Street Name: Gaff
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C016
  • 4-Digit Zip Code: 5178
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $725,032

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 575,922
  • High Value: 697,815
  • Low Value: 454,029

    Market Valuation

  • Market Total Value: $308,000
  • Market Land Value: $63,800
  • Market Improvement Value: $244,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $308,000
  • Assessed Land Value: $63,800
  • Assessed Improvements Value: $244,200

    Sales

  • Current Sale Contract Date: Jul 31, 2019
  • Current Sale Recording Date: Aug 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019076571
  • Previous Sale Recording Date: Apr 19, 2004
  • Previous Sale Contract Date: Mar 17, 2004
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: 12
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 356 Leeward Road, Manahawkin, NJ, 08050

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
356 Leeward Road, Manahawkin, NJ, 08050 Listing by Jamie Arcykiewicz

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rebecca Wasilewski, C21/ Action Plus Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21923643
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 120 Gaff Road built and last sold?
The property at 120 Gaff Road was built in 2003 and last sold on Jul 31, 2019 for $380,000.
How much is this home worth?
The estimated value of the home located at 120 Gaff Road is $0.
What are some comparable homes to 120 Gaff Road?
There are currently no comparable homes to 120 Gaff Road.
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