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Ocean 08005
25 Highland Drive
$319,900
● House - Off Market

25 Highland Drive

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
2 Baths
$363,150
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Welcome home to this well maintained 3 bedroom/2 full bath split level!  Features include laminate flooring, large eat in kitchen, high ceilings, wood burning stove, and French doors to a deck area.  Bonus room could be altered to use as 4th bedroom.  Roof, central air, and furnace are all newer.  This home has been converted to natural gas!  Near major roads, shopping, and beaches!  This home will not last schedule your appointment today!
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1974

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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 #22118946)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Jun 14, 2021 Listed by Compass New Jersey , LLC $319,900
Listed by Compass New Jersey , LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,490
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734005

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 01
  • Parcel: 01 00096-0000-00013
  • Block: 96
  • Lot: 13
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7653
  • Longitude: -74.2661

    Address

  • Full Address: 25 Highland Dr
  • Address - House Number: 25
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R007
  • 4-Digit Zip Code: 1206
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $563,400

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 398,076
  • High Value: 478,856
  • Low Value: 317,296

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $103,000
  • Market Improvement Value: $97,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,000
  • Assessed Land Value: $103,000
  • Assessed Improvements Value: $97,000

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021139239
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.6 years

Currently For Sale

4248 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 39 Mizzen Drive, Barnegat, NJ, 08005

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,358 ft²
39 Mizzen Drive, Barnegat, NJ, 08005 Listing by David Nilsen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Andrew J Adell, Compass New Jersey , LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22118946
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 25 Highland Drive built and last sold?
The property at 25 Highland Drive was built in 1974 and last sold on Sep 17, 2021 for $319,900.
How much is this home worth?
The estimated value of the home located at 25 Highland Drive is $0.
What are some comparable homes to 25 Highland Drive?
There are currently no comparable homes to 25 Highland Drive.
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