$362,500
●
Condo -
Off Market
2 Vessel Road #5
Waretown, NJ 08758
2 Beds
2 Baths,
1
Half Bath
1,176 Ft²
$2,331
Est. Monthly
$163
HOA / Fees
6.21%
Cap Rate
About This Property
Look no further, your personal Waterfront Property is right here!
With outstanding views of the Barnegat Bay & Light House, you can
wake up and enjoy your morning coffee on your personal Balcony.
This 2 Bed 1.5 Bath has been cleaned thoroughly and has an open floor plan that will wow anyone!
Whether you're enjoying the beautiful weather in the screen porch or the private Balcony the smell of the ocean is in the air.
This won't last long; Sellers are highly motivated, and this outstanding waterfront condo could be yours today!
Home Sale is As-Is. No Access to the Property without a approved appointment.
This 2 Bed 1.5 Bath has been cleaned thoroughly and has an open floor plan that will wow anyone!
Whether you're enjoying the beautiful weather in the screen porch or the private Balcony the smell of the ocean is in the air.
This won't last long; Sellers are highly motivated, and this outstanding waterfront condo could be yours today!
Home Sale is As-Is. No Access to the Property without a approved appointment.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$313
Property Type
Condo
Property Taxes
$359
HOA Dues
$163
Year Built
1984
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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 #22330600)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Aug 4, 2026 | Listed by Coldwell Banker Realty | $515,000 | |
| Listed by Coldwell Banker Realty | |||
   | |||
|
Welcome to Bayview Condos, a rare 6-unit bayfront community nestled along Barnegat Bay. This meticulously updated 2-bedroom, 1.5-bath condo offers breathtaking panoramic views of Barnegat Bay and the iconic Barnegat Lighthouse (''Old Barney''). The open first-floor living area is designed to maximize the stunning waterfront setting, while the spacious primary bedroom features a private balcony overlooking the bay--the perfect place to enjoy spectacular sunrises. Outdoor living includes upper & lower decks plus a screened-in porch, providing multiple spaces to relax & entertain. Recent updates include a freshly painted kitchen and 2 beautifully renovated bathrooms (2026). Bring your kayak, paddle board, or other water toys and embrace the Jersey Shore lifestyle. Spencers Marina is walkable
| |||
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2023 | Listed by Roth Group Real Estate | $368,500 | |
| Listed by Roth Group Real Estate | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Common, None
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Interior Features: Attic - Pull Down Stairs, Balcony, Sliding Door
Crawl Space
Exterior Details
Year Built: 1984
Parcel Number: 21-00170-0000-00008-05
Inclusions: Outdoor Lighting, Washer, Blinds/Shades, Ceiling Fan(s), Dryer, Light Fixtures, Microwave, Stove, Refrigerator, Screens
Exterior Features: Balcony, Deck, Porch - Screened
Roof: Other - See Remarks
Architectural Style: Condo, 2 Story
Bayfront, Bayside, Bulkhead
Lot Size Acres: 0.01
Lot Size Square Feet: 435.6
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $198,100
Tax Year: 2022
Tax Annual Amount: $4,305
Association Fee Includes: Trash, Common Area, Lawn Maintenance, Mgmt Fees, Snow Removal
Association Amenities: Association
Association Fee: $1,950
Association Fee Frequency: Semi-Annually
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer Information: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2026
|
2 Bed
|
1 Bath
|
1176 ft²
|
$515,000
2 Bed
1 Bath
1176 ft²
|
-
-
|
Laura Bach
Coldwell Banker Realty
| |
|
11/03/2023
|
2 Bed
|
2 Bath
|
1176 ft²
|
$368,500
2 Bed
2 Bath
1176 ft²
|
$362,500
-1.63%
01/19/2024
|
Dylan Bailey
Roth Group Real Estate
| |
|
10/06/2020
|
2 Bed
|
2 Bath
|
-
|
$300,000
2 Bed
2 Bath
|
-
-
|
-
|
Building Info
About Waretown
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Listed by: Dylan M Bailey, Roth Group Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22330600
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22330600
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