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Ocean 08759
1981 Newark Avenue
$509,900
● House - Off Market

1981 Newark Avenue

Whiting, NJ 08759
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,904 Ft²
$498,040
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

THIS .....highly maintained ''sprawling'' 3 bedroom 2 1/2 bath ranch situated on 1 lush acre of property is sure to amaze!!!! Wood floors, kitchen pantry, brand new bed/living rm carpet a bonus home office, new septic (2017), skylights, large rooms throughout, burning stove to cozy up to, double sliding doors leading out to an oversized deck overlooking a very tranquil serene property. This beautiful home features a large flowing floor pan, oversized 2car garage, built in entertainment center, french doors, shed, sprinkler system, central vac, huge mud room, master bedroom suite, Anderson windows, sprinkler system....and ''so much more''. Gas is at the street! Welcome to paradise! Truly a ''must'' see. Full appliance pkg included.Be prepared to fall in love.......truly a MUST see!
Unit Size
1,904 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$263
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
1987

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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: 2 years ago (MOMLS #22324874)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Sep 7, 2023 Listed by Coldwell Banker Flanagan Realty $499,900
Listed by Coldwell Banker Flanagan Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 43,996
  • Total Building Area: 1,904
  • Building Area: 1,904
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,904
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720001

Zoning

  • Zoning: WT40

Geography

  • Assessors Map Reference: TAX MAP 2608
  • District: 19
  • Parcel: 19 00099- 88-00010
  • Block: 99.88
  • Lot: 10
  • Municipality: MANCHESTER TWP
  • Latitude: 39.9374
  • Longitude: -74.3778

    Address

  • Full Address: 1981 Newark Ave
  • Address - House Number: 1981
  • Address - Street Name: Newark
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Whiting
  • Carrier Code: C020
  • 4-Digit Zip Code: 2738
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $622,002

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 511,895
  • High Value: 610,945
  • Low Value: 412,846

    Market Valuation

  • Market Total Value: $292,100
  • Market Land Value: $85,000
  • Market Improvement Value: $207,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,100
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $207,100

    Exemptions

  • Widow Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 81856
  • Previous Sale Recording Date: Oct 28, 2003
  • Previous Sale Contract Date: Sep 17, 2003
  • Previous Sale Amount: $300,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29.2 years

Currently For Sale

4414 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: Michele McDermott, Coldwell Banker Flanagan Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22324874
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 1981 Newark Avenue built and last sold?
The property at 1981 Newark Avenue was built in 1987 and last sold on Oct 25, 2023 for $509,900.
How much is this home worth?
The estimated value of the home located at 1981 Newark Avenue is $0.
What are some comparable homes to 1981 Newark Avenue?
There are currently no comparable homes to 1981 Newark Avenue.
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