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Ocean 08758
124 Marine Road
$410,000
● House - Off Market

124 Marine Road

Waretown, NJ 08758
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,702 Ft²
$473,868
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Plan your escape to this nice, raised Jersey Shore Cape and enjoy the vacation season all year long!  This Barnegat Beach community home can be your year-round paradise since it is within walking distance to Marinas, restaurant, and Bay access. There is plenty of space, inside and out, as the home features four spacious bedrooms, 2 Full Baths, and a large Living Room.  The open Kitchen and Dining Room areas integrate well with the outdoor, wrap-around deck, creating a fun, entertaining space. So if fishing and boating are part of your dreams or savoring the solitude of a Jersey Shore breeze: This home is for you!
Unit Size
1,702 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$238
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1994

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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 #22112169)

Price History

Date / Event Date Event Price
Jun 9, 2021 Sold
Premium
Sold
Apr 23, 2021 Listed by Keller Williams Realty West Monmouth $405,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 900
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,702
  • Building Area: 1,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,702
  • Heating Fuel Type: 3

    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: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: WD

Geography

  • Assessors Map Reference: TAX MAP 25
  • District: 21
  • Parcel: 21 00240-0000-00014- 16
  • Block: 240
  • Lot: 14.16
  • Municipality: OCEAN TWP
  • Latitude: 39.774
  • Longitude: -74.1887

    Address

  • Full Address: 124 Marine Rd
  • Address - House Number: 124
  • Address - Street Name: Marine
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R802
  • 4-Digit Zip Code: 2847
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $460,024
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2728
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 516,877
  • High Value: 657,898
  • Low Value: 375,856

    Market Valuation

  • Market Total Value: $211,700
  • Market Land Value: $81,700
  • Market Improvement Value: $130,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,700
  • Assessed Land Value: $81,700
  • Assessed Improvements Value: $130,000

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021114401
  • Previous Sale Recording Date: Jun 14, 2021
  • Previous Sale Contract Date: Jun 08, 2021
  • Previous Sale Amount: $410,000
  • 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

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4265 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 102 Demmy Avenue, Waretown, NJ, 08758

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
102 Demmy Avenue, Waretown, NJ, 08758 Listing by Mary Albanese

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Pamela El-Ghoul, Keller Williams Realty West Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22112169
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 124 Marine Road built and last sold?
The property at 124 Marine Road was built in 1994 and last sold on Jun 8, 2021 for $410,000.
How much is this home worth?
The estimated value of the home located at 124 Marine Road is $0.
What are some comparable homes to 124 Marine Road?
There are currently no comparable homes to 124 Marine Road.
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