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Ocean 08759
1340 Newark Avenue
$340,000
● House - Off Market

1340 Newark Avenue

Whiting, NJ 08759
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,284 Ft²
$413,343
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

CHARMING 3 BEDROOM 2 FULL BATH HOME, UPDATED TASTEFULLY IS WAITING FOR YOU! LOCATED IN ROOSEVELT CITY SITTING ON OVER AN ACRE OF ''PRIVATE'' PROPERTY, NO BUILDING NEXT TO YOU OR ACROSS THE STREET! MANY BIG TICKET ITEMS ARE BRAND NEW  INCLUDING ROOF - WINDOWS - DOORS -SLIDER - FLOORS - CARPET - BATHROOMS - NEW HOT WATER HEATER - NEW CENTRAL AIR - NEW FORCED HOT AIR HEAT (CONVERTED FROM OIL) - NEW SEPTIC LEACH FIELD - NEW DEHUMIDIFIER IN CRAWL SPACE PLUS MORE! THIS MOVE IN READY HOME HAS MANY MORE POSSIBILITYS FOR A GROWING FAMILY DUE TO LARGE BACK YARD - THIS HOME IS A TRUE'' HOME SWEET HOME'' - WILL NOT LAST!
Unit Size
1,284 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$265
Property Type
House
Property Taxes
$395
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 #22102771)

Price History

Date / Event Date Event Price
Apr 16, 2021 Sold
Premium
Sold
Jan 29, 2021 Listed by Better Homes and Gardens Real Estate Murphy & Co $339,900
Listed by Better Homes and Gardens Real Estate Murphy & Co

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 1,284
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720001

Zoning

  • Zoning: WT40

Geography

  • Assessors Map Reference: TAX MAP 2611
  • District: 19
  • Parcel: 19 00099- 233-00003
  • Block: 99.233
  • Lot: 3
  • Municipality: MANCHESTER TWP
  • Latitude: 39.9233
  • Longitude: -74.3623

    Address

  • Full Address: 1340 Newark Ave
  • Address - House Number: 1340
  • Address - Street Name: Newark
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Whiting
  • Carrier Code: C020
  • 4-Digit Zip Code: 3912
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $497,932

    Appraisal Valuation

  • Standard Deviation: 0.2146
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 395,489
  • High Value: 480,391
  • Low Value: 310,587

    Market Valuation

  • Market Total Value: $224,800
  • Market Land Value: $85,000
  • Market Improvement Value: $139,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,800
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $139,800

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021061584
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3002 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

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MOMMLS

Listed by: Diana Haskell, Better Homes and Gardens Real Estate Murphy & Co
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22102771
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 1340 Newark Avenue built and last sold?
The property at 1340 Newark Avenue was built in 1994 and last sold on Apr 13, 2021 for $340,000.
How much is this home worth?
The estimated value of the home located at 1340 Newark Avenue is $343,622.
What are some comparable homes to 1340 Newark Avenue?
There are currently no comparable homes to 1340 Newark Avenue.
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