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Ocean 08758
16 Cable Road
$205,000
● House - Off Market

16 Cable Road

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$344,196
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Fishermen's Dream!  Located 5 minutes from Barnegat Bay and direct access to Barnegat Inlet..  Don't miss this well maintained 2 bedroom, (originally 3) 1.5 bath home on a wide deep lagoon.  Bulkhead and dock in good condition with water and electric. Endless possibilities for this great home. Included are garage/workshop, outside shower, plenty of storage and much more.  Let your imagination soar.  Convenient location to shopping, restaurants, Long Beach Island, Garden State Parkway and Atlantic City etc..  Truly a must see!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1954

Payment Calculator

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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 #21924587)

Price History

Date / Event Date Event Price
Oct 2, 2019 Sold
Premium
Sold
Jun 12, 2019 Listed by Diane Turton REALTORS $235,000
Listed by Diane Turton REALTORS
Fishermen?s Dream! Located 5 minutes from Barnegat Bay and direct access to Barnegat Inlet.. Don?t miss this well maintained 2 bedroom Originally 3), 1.5 bath home on a wide deep lagoon. Bulkhead and dock in good condition with water and electric. Endless possibilities for this great home. Included are garage/workshop, outside shower, plenty of storage and much more. Let your imagination soar. Convenient location to shopping, restaurants, Long Beach Island, Garden State Parkway and Atlantic City etc.. Truly a must see!

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 2
  • 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: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,380
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,014
  • Building Area: 1,014
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,014
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDS POINT HARBOR
  • Land Acres: 0000000146
  • 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 13
  • District: 21
  • Parcel: 21 00089-0000-00012
  • Block: 89
  • Lot: 12
  • Municipality: OCEAN TWP
  • Latitude: 39.8074
  • Longitude: -74.18

    Address

  • Full Address: 16 Cable Rd
  • Address - House Number: 16
  • Address - Street Name: Cable
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R801
  • 4-Digit Zip Code: 1615
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $559,982

    Market Valuation

  • Market Total Value: $257,700
  • Market Land Value: $184,100
  • Market Improvement Value: $73,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,700
  • Assessed Land Value: $184,100
  • Assessed Improvements Value: $73,600

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019099662
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.7 years

Currently For Sale

4267 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 115 Parker Avenue, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 680 ft²
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski
Unit for rent at 1 Memorial Drive, Waretown, NJ, 08758

$2,000 /mo

  • 2 Beds
  • 1 Bath
1 Memorial Drive #203, Waretown, NJ, 08758 Listing by Ellen Hall

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia Eppolito, Diane Turton, Realtors-Lacey
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21924587
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 16 Cable Road built and last sold?
The property at 16 Cable Road was built in 1954 and last sold on Oct 4, 2019 for $205,000.
How much is this home worth?
The estimated value of the home located at 16 Cable Road is $0.
What are some comparable homes to 16 Cable Road?
There are currently no comparable homes to 16 Cable Road.
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