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Waretown 08758
15 Chapel Street
$125,000
● House - Off Market

15 Chapel Street

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
square feet
998 Ft²
$1,597
Est. Monthly
8.92%
Cap Rate

About This Property

Waretown cottage offers 2 bedrooms and detached garage. This is a handyman special with a lot of possibilities for the right buyer.
Unit Size
998 Ft²
Days on Market
1367 days
Land Size
0.22 acres
Price per sqft
$280
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1938

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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 #22127266)

Price History

Date / Event Date Event Price
May 15, 2025 Sold
Premium
Sold
Aug 17, 2021 Listed by RE/MAX at Barnegat Bay $279,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • 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: 576
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 600
  • Total Building Area: 998
  • Building Area: 998
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 998
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: C-2

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 21
  • Parcel: 21 00192-0000-00006
  • Block: 192
  • Lot: 6
  • Municipality: OCEAN TWP
  • Latitude: 39.7922
  • Longitude: -74.1952

    Address

  • Full Address: 15 Chapel St
  • Address - House Number: 15
  • Address - Street Name: Chapel
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R804
  • 4-Digit Zip Code: 2214
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $280,100
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 302,526
  • High Value: 370,615
  • Low Value: 234,438

    Market Valuation

  • Market Total Value: $128,900
  • Market Land Value: $61,900
  • Market Improvement Value: $67,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,900
  • Assessed Land Value: $61,900
  • Assessed Improvements Value: $67,000

    Sales

  • Current Sale Contract Date: Aug 08, 2017
  • Current Sale Recording Date: Aug 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017083466
  • Previous Sale Recording Date: Jun 11, 1998
  • Previous Sale Contract Date: May 26, 1998
  • Previous Sale Amount: $60,000
  • 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 Waretown

Stats & Trends

Median Asking:

$519,950

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1689 ft²

Average Home Age

45.4 years

Currently For Sale

11 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 290 N Main Street, Waretown, NJ, 08758

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 5,276 ft²
290 N Main Street #D5, Waretown, NJ, 08758 Listing by Jayda Santiago

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Vivian Lange, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22127266
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 15 Chapel Street built and last sold?
The property at 15 Chapel Street was built in 1938 and last sold on Aug 8, 2017 for $90,000.
How much is this home worth?
The estimated value of the home located at 15 Chapel Street is $0.
What are some comparable homes to 15 Chapel Street?
There are currently no comparable homes to 15 Chapel Street.
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