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Ocean Acres 08050
1916 Breakers Drive
$69,000
● Land - Off Market

1916 Breakers Drive

Manahawkin, NJ 08050
bedrooms
Studio
bathrooms
0 Bath
$141,980
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Buildable corner lot in the Atlantic Estates Subdivision of Ocean Acres being offered at a price below assessed value. Electric, Gas, Public Sewer and Public Water is available at street. Lot is being offered with all permits and approvals the responsibility of the buyer. Personal property stored on the property is available for purchase. Call listing Agent for information.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$210
HOA Dues
-
Year Built
2016

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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 #21227401)

Price History

Date / Event Date Event Price
Sep 29, 2015 Sold
Premium
Sold
Jul 30, 2012 Listed by Pacesetter Realty $80,000
Listed by Pacesetter Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 12,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,847
  • Building Area: 1,847
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,847
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN OF LOTS OCEAN ACRES INC SECTION 17
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735001

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: TAX MAP 19
  • District: 31
  • Parcel: 31 00044- 195-00001
  • Block: 44.195
  • Lot: 1
  • Municipality: STAFFORD TWP
  • Latitude: 39.7482
  • Longitude: -74.29

    Address

  • Full Address: 1916 Breakers Dr
  • Address - House Number: 1916
  • Address - Street Name: Breakers
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C016
  • 4-Digit Zip Code: 4726
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,379

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 542,571
  • High Value: 647,557
  • Low Value: 437,586

    Market Valuation

  • Market Total Value: $302,200
  • Market Land Value: $64,400
  • Market Improvement Value: $237,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,200
  • Assessed Land Value: $64,400
  • Assessed Improvements Value: $237,800

    Sales

  • Current Sale Contract Date: Sep 29, 2015
  • Current Sale Recording Date: Oct 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015102418
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 Acres

Stats & Trends

Median Asking:

$542,200

Sale Price/ft²

$291

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1709 ft²

Average Home Age

29.2 years

Currently For Sale

84 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

Rentals Near You

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MOMMLS

Listed by: Daniel Stevens, Pacesetter Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21227401
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 1916 Breakers Drive built and last sold?
The property at 1916 Breakers Drive was built in 2016 and last sold on Sep 29, 2015 for $69,000.
How much is this home worth?
The estimated value of the home located at 1916 Breakers Drive is $0.
What are some comparable homes to 1916 Breakers Drive?
There are currently no comparable homes to 1916 Breakers Drive.
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