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Ocean 08758
16 N Olympia Drive
$206,000
● House - Off Market

16 N Olympia Drive

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,712 Ft²
$333,739
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Great Opportunity to Live or Invest in this much desired well maintained community.  This Colonial has 3 bedrooms and 2-1/2 baths on a large lot.  All it needs is some TLC and vision to be your dream home.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$128
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
2000

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: 3 years ago (MOMLS #21823009)

Price History

Date / Event Date Event Price
Nov 19, 2018 Sold
Premium
Sold
Jun 9, 2018 Listed by Real Estate, LTD $219,900
Listed by Real Estate, LTD

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,008
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 1,712
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 17
  • District: 21
  • Parcel: 21 00129-0000-00015- 01
  • Block: 129
  • Lot: 15.01
  • Municipality: OCEAN TWP
  • Latitude: 39.8032
  • Longitude: -74.1946

    Address

  • Full Address: 16 N Olympia Dr
  • Address - House Number: 16
  • Street Direction: N
  • Address - Street Name: Olympia
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R804
  • 4-Digit Zip Code: 3305
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $550,856
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 484,258
  • High Value: 577,960
  • Low Value: 390,556

    Market Valuation

  • Market Total Value: $253,500
  • Market Land Value: $81,000
  • Market Improvement Value: $172,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,500
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $172,500

    Sales

  • Current Sale Contract Date: Nov 29, 2018
  • Current Sale Recording Date: Nov 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018117490
  • Previous Sale Recording Date: Nov 13, 2017
  • Previous Sale Contract Date: Sep 18, 2017
  • Previous Sale Document Type: 64
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

24.2 years

Currently For Sale

4244 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 30 Walnut Street, Waretown, NJ, 08758

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,008 ft²
30 Walnut Street, Waretown, NJ, 08758 Listing by Beth M Huntley
Unit for rent at 4 Pirate Drive, Waretown, NJ, 08758

$3,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,104 ft²
4 Pirate Drive, Waretown, NJ, 08758 Listing by Kevin Spader

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Wendy Parris, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21823009
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 North Olympia Drive built and last sold?
The property at 16 North Olympia Drive was built in 2000 and last sold on Nov 29, 2018 for $206,000.
How much is this home worth?
The estimated value of the home located at 16 North Olympia Drive is $0.
What are some comparable homes to 16 North Olympia Drive?
There are currently no comparable homes to 16 North Olympia Drive.
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