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Ocean Acres 08050
196 Wave Road
$265,000
● House - Off Market

196 Wave Road

Manahawkin, NJ 08050
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,855 Ft²
$414,176
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

This Tupperlake Contemporary 3 bedroom 2 bath home features a bedroom on the first floor. The open floor plan with vaulted ceilings, recessed lighting, is fabulous for entertaining family and friends.  The Master bedroom is huge with a large walk in closet.  There is lots of storage in this home, plus pull down stairs to the attic storage above the one car garage.  The full basement is ready for you to design your own space perfect for a media room, home gym, home office plus lots more storage space.  Enjoy the summer on the patio overlooking the in ground pool.  Located in Ocean Acres and close to everything – shopping, restaurants, movies, entertainment, Long Beach Island and so much more.  Call today to see this home.
Unit Size
1,855 Ft²
Days on Market
-
Land Size
-
Price per sqft
$146
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1994

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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 #21807936)

Price History

Date / Event Date Event Price
Apr 20, 2018 Sold
Premium
Sold
Mar 1, 2018 Listed by Mary Allen Realty, Inc. $269,900
Listed by Mary Allen Realty, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,054
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,341
  • Lot Size Depth Feet: 1,109
  • Lot Size Frontage Feet: 752
  • Total Building Area: 1,855
  • Building Area: 1,855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,855
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000191
  • 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 30
  • District: 31
  • Parcel: 31 00044- 144-00044
  • Block: 44.144
  • Lot: 44
  • Municipality: STAFFORD TWP
  • Latitude: 39.7398
  • Longitude: -74.2911

    Address

  • Full Address: 196 Wave Rd
  • Address - House Number: 196
  • Address - Street Name: Wave
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C014
  • 4-Digit Zip Code: 1714
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $601,918

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 497,538
  • High Value: 593,810
  • Low Value: 401,266

    Market Valuation

  • Market Total Value: $255,700
  • Market Land Value: $63,100
  • Market Improvement Value: $192,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,700
  • Assessed Land Value: $63,100
  • Assessed Improvements Value: $192,600

    Sales

  • Current Sale Contract Date: Apr 20, 2018
  • Current Sale Recording Date: Apr 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018039370
  • Previous Sale Recording Date: Jul 22, 2002
  • Previous Sale Contract Date: Jun 17, 2002
  • Previous Sale Amount: $210,000
  • 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 Ocean Acres

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

67

Average Home Size

1602 ft²

Average Home Age

25.7 years

Currently For Sale

60 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 90 Atlantis Avenue, Manahawkin, NJ, 08050

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,221 ft²
90 Atlantis Avenue, Manahawkin, NJ, 08050 Listing by Mary Weidenhof
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: Thomas J Smith, Mary Allen Realty, Inc.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21807936
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 Wave Road built and last sold?
The property at 196 Wave Road was built in 1994 and last sold on Apr 20, 2018 for $265,000.
How much is this home worth?
The estimated value of the home located at 196 Wave Road is $0.
What are some comparable homes to 196 Wave Road?
There are currently no comparable homes to 196 Wave Road.
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