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Waretown 08758
15 Cutlass Way
$278,000
● House - Off Market

15 Cutlass Way

Waretown, NJ 08758
bedrooms
6 Beds
bathrooms
3 Baths
square feet
2,800 Ft²
$615,890
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Amazing home located on beautiful lot in Skippers Cove comm. Seconds to the Bay (no wake zone), minutes to the Ocean, this home is a great summer retreat or year around serene oasis.NO damage from Sandy here! Dock your boat/jet ski at the newer dock & bulkhead just out your back door. 6 large bedrooms and 3 full baths make it a great home for entertaining or housing extended family. Huge eat-in kitchen and dining area. Wonderful 3 season room + florida rm. Tons of storage. 13 mo Home warranty.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21435851)

Price History

Date / Event Date Event Price
Nov 26, 2014 Sold
Premium
Sold
Sep 3, 2014 Listed by Keller Williams Realty West Monmouth $330,000
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,834
  • Building Area: 2,834
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,834
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 19
  • District: 21
  • Parcel: 21 00153-0000-00008
  • Block: 153
  • Lot: 8
  • Municipality: OCEAN TWP
  • Latitude: 39.7952
  • Longitude: -74.1839

    Address

  • Full Address: 15 Cutlass Way
  • Address - House Number: 15
  • Address - Street Name: Cutlass
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2105
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,477,423
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.1988
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 963,380
  • High Value: 1,154,918
  • Low Value: 771,842

    Market Valuation

  • Market Total Value: $679,900
  • Market Land Value: $205,000
  • Market Improvement Value: $474,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $679,900
  • Assessed Land Value: $205,000
  • Assessed Improvements Value: $474,900

    Sales

  • Current Sale Contract Date: Nov 26, 2014
  • Current Sale Recording Date: Dec 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2014106835
  • Previous Sale Recording Date: Aug 07, 1997
  • Previous Sale Contract Date: Jul 09, 1997
  • Previous Sale Amount: $186,200
  • 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

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MOMMLS

Listed by: Carol Kozlowski, Keller Williams Realty West Monmouth
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21435851
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 Cutlass Way built and last sold?
The property at 15 Cutlass Way was built in 1962 and last sold on Nov 26, 2014 for $278,000.
How much is this home worth?
The estimated value of the home located at 15 Cutlass Way is $329,609.
What are some comparable homes to 15 Cutlass Way?
There are currently no comparable homes to 15 Cutlass Way.
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