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Waretown 08758
194 Royal Oak Drive
$393,000
● House - Off Market

194 Royal Oak Drive

Waretown, NJ 08758
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,702 Ft²
$604,942
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Very private 4 Bed 3 Bath on oversized deep lot backing to wooded area. Great open Kitchen/Family Room area with high efficiency fireplace insert adjacent to large deck and pool. First floor Bedroom and Full Bath, Formal Living Room and Dining Room. Second floor has 3 Full Bedrooms, Main Bath and open loft area at foyer. Great Master Bedroom and Bath with shower and soaking tub. Basement has Separate Bilco door entrance. Walls have been framed and finished. (if desired sheetrock or drop ceiling and flooring will achieve a full finished basement adding approximately 1200 Sf of living area to the home)Rear yard is Park-like beyond the deck and pool area. Gravel drive area adjacent to concrete drive for RV or Boat storage. Great home and location for you and your family to enjoy!
Unit Size
2,702 Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
2000

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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 #21826733)

Price History

Date / Event Date Event Price
Aug 31, 2018 Sold
Premium
Sold
Jul 5, 2018 Listed by RE/MAX at Barnegat Bay $399,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 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: 1,354
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,700
  • Lot Size Depth Feet: 2,270
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,462
  • Building Area: 2,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,462
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000521
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 9.02
  • District: 21
  • Parcel: 21 00053- 01-00010
  • Block: 53.01
  • Lot: 10
  • Municipality: OCEAN TWP
  • Latitude: 39.789
  • Longitude: -74.2094

    Address

  • Full Address: 194 Royal Oak Dr
  • Address - House Number: 194
  • Address - Street Name: Royal Oak
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R804
  • 4-Digit Zip Code: 2624
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $734,474
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.194
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 629,719
  • High Value: 751,892
  • Low Value: 507,547

    Market Valuation

  • Market Total Value: $338,000
  • Market Land Value: $97,900
  • Market Improvement Value: $240,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,000
  • Assessed Land Value: $97,900
  • Assessed Improvements Value: $240,100

    Sales

  • Current Sale Contract Date: Aug 30, 2018
  • Current Sale Recording Date: Sep 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018088611
  • Previous Sale Recording Date: Jan 10, 2001
  • Previous Sale Contract Date: Jan 04, 2001
  • Previous Sale Amount: $199,900
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$474,500

Sale Price/ft²

$310

Below Asking

0.01%

Average Days on Market

71

Average Home Size

1941 ft²

Average Home Age

36.1 years

Currently For Sale

9 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 25 Pennsylvania Avenue, Waretown, NJ, 08758

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,516 ft²
25 Pennsylvania Avenue, Waretown, NJ, 08758 Listing by Robert N Lange

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Alan Seeland, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21826733
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 194 Royal Oaks Drive built and last sold?
The property at 194 Royal Oaks Drive was built in 2000 and last sold on Aug 30, 2018 for $393,000.
How much is this home worth?
The estimated value of the home located at 194 Royal Oaks Drive is $0.
What are some comparable homes to 194 Royal Oaks Drive?
There are currently no comparable homes to 194 Royal Oaks Drive.
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