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Waretown 08758
2 Cutlass Way
$499,900
● House - Off Market

2 Cutlass Way

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,488 Ft²
$576,727
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

The home you've been waiting for in the community of Skippers Cove.  This is a rare opportunity to fall in love with this waterfront home located in a family orientated community.   This home has been well maintained and consists of 3 bedrooms, 2 baths, living room with brick wood burning fireplace, family room, kitchen, attached garage plus a separate garage/workshop.  Park you boat on the 103 ft of bulk headed lagoon. All the above plus a private beach located steps away to enjoy swimming, shuffle board, swings, basketball, bocce, picnicking, activities at the clubhouse. Yearly dues $225.  Truly a must see!!
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$335
Property Type
House
Property Taxes
$624
HOA Dues
$19
Year Built
1962

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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 #22116698)

Price History

Date / Event Date Event Price
Jul 16, 2021 Sold
Premium
Sold
May 27, 2021 Listed by Diane Turton, Realtors-Lacey $499,000
Listed by Diane Turton, Realtors-Lacey

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 19
  • District: 21
  • Parcel: 21 00154-0000-00001
  • Block: 154
  • Lot: 1
  • Municipality: OCEAN TWP
  • Latitude: 39.7965
  • Longitude: -74.1845

    Address

  • Full Address: 2 Cutlass Way
  • Address - House Number: 2
  • Address - Street Name: Cutlass
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2105
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $771,198

    Appraisal Valuation

  • Standard Deviation: 0.2125
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 584,056
  • High Value: 708,215
  • Low Value: 459,897

    Market Valuation

  • Market Total Value: $354,900
  • Market Land Value: $227,900
  • Market Improvement Value: $127,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,900
  • Assessed Land Value: $227,900
  • Assessed Improvements Value: $127,000

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021109020
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:

$519,950

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1689 ft²

Average Home Age

45.4 years

Currently For Sale

11 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 30 Walnut Street, Waretown, NJ, 08758

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,008 ft²
30 Walnut Street, Waretown, NJ, 08758 Listing by Beth M Huntley

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia Eppolito, Diane Turton, Realtors-Lacey
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22116698
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 2 Cutlass Way built and last sold?
The property at 2 Cutlass Way was built in 1962 and last sold on Jul 14, 2021 for $499,900.
How much is this home worth?
The estimated value of the home located at 2 Cutlass Way is $0.
What are some comparable homes to 2 Cutlass Way?
There are currently no comparable homes to 2 Cutlass Way.
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