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Ocean Acres 08050
196 Neptune Drive
$242,500
● House - Off Market

196 Neptune Drive

Manahawkin, NJ 08050
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,790 Ft²
$516,671
RealtyHop Estimate
115.28%
Since Jan 1, 2013
National-US
Primary Model

About This Property

Beautiful Custom Cape Cod in sought after Ocean Acres. This home is in Amazing Condition. The living room and dining room provide you with a spacious and bright open floor plan with views of the Deck. The Custom Kitchen offers up White Cabinetry and gorgeous granite counters that go on forever. Sliders and French Doors lead you to a large Custom Designed Mahogany Deck, large Master Bath with his & hers sink,Driveway with Custom Pavers, and so much more.
Unit Size
1,790 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1997

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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 #21208509)

Price History

Date / Event Date Event Price
Dec 19, 2012 Sold
Premium
Sold
Mar 4, 2012 Listed by Pacesetter Realty $240,000
Listed by Pacesetter Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,790
  • Building Area: 1,790
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,790
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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 22
  • District: 31
  • Parcel: 31 00044- 172-00015
  • Block: 44.172
  • Lot: 15
  • Municipality: STAFFORD TWP
  • Latitude: 39.7416
  • Longitude: -74.2946

    Address

  • Full Address: 196 Neptune Dr
  • Address - House Number: 196
  • Address - Street Name: Neptune
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C007
  • 4-Digit Zip Code: 1750
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $548,482

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 485,791
  • High Value: 590,448
  • Low Value: 381,133

    Market Valuation

  • Market Total Value: $233,000
  • Market Land Value: $61,600
  • Market Improvement Value: $171,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,000
  • Assessed Land Value: $61,600
  • Assessed Improvements Value: $171,400

    Sales

  • Current Sale Contract Date: Dec 18, 2012
  • Current Sale Recording Date: Dec 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2012131032
  • Previous Sale Recording Date: Sep 20, 2001
  • Previous Sale Contract Date: Jul 27, 2001
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: 27
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:

$546,750

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

64

Average Home Size

1714 ft²

Average Home Age

29.1 years

Currently For Sale

88 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 135 Nautilus Drive, Manahawkin, NJ, 08050

$3,100 /mo

  • 3 Beds
  • 1 Bath
  • 996 ft²
135 Nautilus Drive, Manahawkin, NJ, 08050 Listing by David Breitweiser

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Silvia Miceli, Pacesetter Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21208509
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 196 Neptune Drive built and last sold?
The property at 196 Neptune Drive was built in 1997 and last sold on Dec 18, 2012 for $242,500.
How much is this home worth?
The estimated value of the home located at 196 Neptune Drive is $0.
What are some comparable homes to 196 Neptune Drive?
There are currently no comparable homes to 196 Neptune Drive.
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