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Ocean 08721
15 Pine Tree Drive
$290,000
● House - Off Market

15 Pine Tree Drive

Bayville, NJ 08721
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,870 Ft²
$356,044
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Mid-Century 4 bed, 2 bath Bi-level with 2-car garage has been well-maintained over the years by original owner and boasts beautiful hardwood floors upstairs in 3 bedrooms, kitchen, living & dining areas... 800 sq.ft. lower level is great additional living space or would make perfect suite for extended or handicapped family member with huge bedroom, half bath and add'l room for den or office, plus 2nd living area w/French doors for ground level access, garage access or laundry/utility area access. Newer Timberline roof is 12 years old, furnace and A/C units are 14 years old...Home is really in great condition and centrally located just off Route 9, close to shopping, schools, parks & beaches in Bayville and all that's fun to do when you are living in Ocean County at the Jersey Shore!
Unit Size
1,870 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$150
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1964

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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 #22039302)

Price History

Date / Event Date Event Price
Feb 9, 2021 Sold
Premium
Sold
Nov 2, 2020 Listed by Keller Williams Preferred Properties,Bayville $279,900
Listed by Keller Williams Preferred Properties,Bayville

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,960
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Berkeley Township School District
  • Census Tract: 731102

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: TAX MAP 85
  • District: 06
  • Parcel: 06 00844-0000-00017
  • Block: 844
  • Lot: 17
  • Municipality: BERKELEY TWP
  • Latitude: 39.9181
  • Longitude: -74.1602

    Address

  • Full Address: 15 Pine Tree Dr
  • Address - House Number: 15
  • Address - Street Name: Pine Tree
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Bayville
  • Carrier Code: C013
  • 4-Digit Zip Code: 1711
  • Zip Code: 08721

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $528,264

    Appraisal Valuation

  • Standard Deviation: 0.2157
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 441,927
  • High Value: 537,290
  • Low Value: 346,565

    Market Valuation

  • Market Total Value: $232,000
  • Market Land Value: $119,900
  • Market Improvement Value: $112,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,000
  • Assessed Land Value: $119,900
  • Assessed Improvements Value: $112,100

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021023583
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

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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 90 Spinnaker Court, Bayville, NJ, 08721

$4,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,285 ft²
90 Spinnaker Court, Bayville, NJ, 08721 Listing by William R Hagan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Laurie Kelly, Keller Williams Preferred Properties,Bayville
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22039302
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 Pine Tree Drive built and last sold?
The property at 15 Pine Tree Drive was built in 1964 and last sold on Jan 4, 2021 for $290,000.
How much is this home worth?
The estimated value of the home located at 15 Pine Tree Drive is $0.
What are some comparable homes to 15 Pine Tree Drive?
There are currently no comparable homes to 15 Pine Tree Drive.
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