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Mystic Island 08087
22 W Boat Drive
$329,000
● House - Off Market

22 W Boat Drive

Little Egg Harbor, NJ 08087
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,520 Ft²
$490,216
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Ready to Go!  Perfect for summer home or full time residence with an interior elevator lift!  This elevated, fully renovated, ranch home has 3 bedrooms, 2 full baths all on one level, open floor plan, gas fireplace, laundry room, and granite counters in the updated white kitchen with newer appliances.  Outside deck to enjoy summers at the Jersey Shore!  2-car garage (1 entry door), with oversized driveway, + fully enclosed lower level with add'l exit door to enter into backyard. New Vinyl Bulkhead and floater (2017). Just in time for summer!
Unit Size
1,520 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1960

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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 #21925499)

Price History

Date / Event Date Event Price
Nov 20, 2019 Sold
Premium
Sold
Jun 19, 2019 Listed by RE/MAX at Barnegat Bay $334,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Parking Available
Elevator
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,520
  • Building Area: 1,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Little Egg Harbor Township School District
  • Census Tract: 736105

Zoning

  • Zoning: R-50

Geography

  • Assessors Map Reference: TAX MAP 52
  • District: 17
  • Parcel: 17 00314-0000-00035
  • Block: 314
  • Lot: 35
  • Municipality: LITTLE EGG HARBOR TWP
  • Latitude: 39.5653
  • Longitude: -74.3713

    Address

  • Full Address: 22 W Boat Dr
  • Address - House Number: 22
  • Street Direction: W
  • Address - Street Name: Boat
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Little Egg Harbor Twp
  • Carrier Code: C013
  • 4-Digit Zip Code: 1615
  • Zip Code: 08087

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $644,602

    Appraisal Valuation

  • Standard Deviation: 0.2007
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 539,225
  • High Value: 647,489
  • Low Value: 430,961

    Market Valuation

  • Market Total Value: $235,600
  • Market Land Value: $80,000
  • Market Improvement Value: $155,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,600
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $155,600

    Sales

  • Current Sale Contract Date: Nov 19, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019124460
  • Previous Sale Recording Date: Jan 19, 2005
  • Previous Sale Contract Date: Jan 07, 2005
  • Previous Sale Amount: $269,000
  • Previous Sale Document Type: 12
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 Mystic Island

Stats & Trends

Median Asking:

$434,999

Sale Price/ft²

$338

Below Asking

0.02%

Average Days on Market

67

Average Home Size

1275 ft²

Average Home Age

47.8 years

Currently For Sale

68 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 129 E Raritan Drive, TUCKERTON, NJ, 08087

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,024 ft²
129 E Raritan Drive, TUCKERTON, NJ, 08087 Listing by Jonathan Verano

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia A Guerra, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21925499
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 22 West Boat Drive built and last sold?
The property at 22 West Boat Drive was built in 1960 and last sold on Nov 19, 2019 for $329,000.
How much is this home worth?
The estimated value of the home located at 22 West Boat Drive is $345,531.
What are some comparable homes to 22 West Boat Drive?
There are currently no comparable homes to 22 West Boat Drive.
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