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Ocean 08005
203 Bay Shore Drive
$107,500
● House - Off Market

203 Bay Shore Drive

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
2 Baths
$255,146
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

This waterfront home was gently touched by Sandy but the newer roof, siding & windows are still intact. New upper kitchen cabinets, tiled back splash & counter tops OK. Sheetrock was removed & home is clean. Mold remediation was done. The homeowner just installed a beautiful new vinyl bulkhead & dock which were untouched by the storm. Outdoor features include white vinyl fencing, cement patio, & shed. Selling as is, buyer responsible for all inspections of electric, HVAC & water systems.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1965

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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 #21317955)

Price History

Date / Event Date Event Price
Jun 28, 2013 Sold
Premium
Sold
May 23, 2013 Listed by Weichert Realtors - Forked River $130,000
Listed by Weichert Realtors - Forked River
This waterfront home was gently touched by Sandy but the newer roof, siding & windows are still intact. New upper kitchen cabinets, tiled back splash & counter tops are OK. Sheetrock was removed & home is clean. Mold remediation was done. The homeowner just installed a beautiful new vinyl bulkhead and dock which were untouched by the storm. Outdoor features include white vinyl fencing, cement patio & shed. Selling as is, buyer responsible for all inspections of electric, HVAC & water systems and any required township inspections.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,040
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734002

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 122
  • District: 01
  • Parcel: 01 00198-0000-00010
  • Block: 198
  • Lot: 10
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7646
  • Longitude: -74.2023

    Address

  • Full Address: 203 Bay Shore Dr
  • Address - House Number: 203
  • Address - Street Name: Bay Shore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R004
  • 4-Digit Zip Code: 2601
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $671,291

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 449,269
  • High Value: 545,765
  • Low Value: 352,774

    Market Valuation

  • Market Total Value: $238,300
  • Market Land Value: $160,900
  • Market Improvement Value: $77,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,300
  • Assessed Land Value: $160,900
  • Assessed Improvements Value: $77,400

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021066204
  • Previous Sale Recording Date: Jul 02, 2013
  • Previous Sale Contract Date: Jun 28, 2013
  • Previous Sale Amount: $107,500
  • 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

1583 ft²

Average Home Age

32.4 years

Currently For Sale

3037 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 21 Pohatcong Avenue, Waretown, NJ, 08758

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
21 Pohatcong Avenue, Waretown, NJ, 08758 Listing by Mary Albanese
Unit for rent at 46 Tulsa Drive, Barnegat, NJ, 08005

$2,700 /mo

  • 2 Beds
  • 1 Bath
46 Tulsa Drive, Barnegat, NJ, 08005 Listing by Donna M Gidley

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Toni A Gleason, Weichert Realtors-Forked River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21317955
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 203 Bayshore Drive built and last sold?
The property at 203 Bayshore Drive was built in 1965 and last sold on Apr 23, 2021 for $365,000.
How much is this home worth?
The estimated value of the home located at 203 Bayshore Drive is $0.
What are some comparable homes to 203 Bayshore Drive?
There are currently no comparable homes to 203 Bayshore Drive.
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