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Ocean 08533
198 Hemlock Drive
$90,000
● Land - Off Market

198 Hemlock Drive

Plumsted, NJ 08533
bedrooms
Studio
bathrooms
0 Bath
$150,671
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

This quiet and quaint beautiful tree line 6+ acres lot is waiting for a new home. Build your dream home and enjoy the privacy that comes with a wooded lot located in a Cul-De-Sac. It's a smart deal if you want to build and live or for the savvy investor with resources to build and sell. Approved documents (modular home builder) include building plans, Septic and Well, Survey and Wetlands Delineation. Hurry! Once you see it, you'll fall in love. Come take a look!
Unit Size
-
Days on Market
-
Land Size
6.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
$336
HOA Dues
-
Year Built
2022

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 #21929766)

Price History

Date / Event Date Event Price
Aug 13, 2020 Sold
Premium
Sold
Jul 18, 2019 Listed by Keller Williams Realty Monmouth/Ocean $110,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 288,367
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000006620
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Plumsted Township School District
  • Census Tract: 718000

Zoning

  • Zoning: RA2

Geography

  • Assessors Map Reference: TAX MAP 6
  • District: 24
  • Parcel: 24 00046-0000-00037- 02
  • Block: 46
  • Lot: 37.02
  • Municipality: PLUMSTED TWP
  • Latitude: 40.0938
  • Longitude: -74.4784

    Address

  • Full Address: 198 Hemlock Dr
  • Address - House Number: 198
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: New Egypt
  • Carrier Code: R002
  • 4-Digit Zip Code: 2762
  • Zip Code: 08533

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,233,482

    Market Valuation

  • Market Total Value: $445,300
  • Market Land Value: $125,600
  • Market Improvement Value: $319,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $445,300
  • Assessed Land Value: $125,600
  • Assessed Improvements Value: $319,700

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020088305
  • Previous Sale Recording Date: Jul 29, 2011
  • Previous Sale Contract Date: Jul 27, 2011
  • Previous Sale Amount: $190,000
  • 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

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3042 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

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MOMMLS

Listed by: Troy E Davis, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21929766
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 198 Hemlock Drive built and last sold?
The property at 198 Hemlock Drive was built in 2022 and last sold on Aug 13, 2020 for $90,000.
How much is this home worth?
The estimated value of the home located at 198 Hemlock Drive is $0.
What are some comparable homes to 198 Hemlock Drive?
There are currently no comparable homes to 198 Hemlock Drive.
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