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Ocean Acres 08050
264 Stormy Road
$305,500
● House - Off Market

264 Stormy Road

Manahawkin, NJ 08050
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,948 Ft²
$465,550
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Home is a feeling. A feeling you have the moment you arrive at 264 Stormy Road. Beautiful curb appeal that greets you upon arrival.Inside, gleaming hardwood floors extend throughout the first level.Updated kitchen to include stainless  appliances, granite counters and a breakfast bar open to a bright family room. Formal living and dining room complete first floor with sliders that open to deck overlooking a private fenced backyard. Upstairs, 4 bedrooms with master impresses with an en suite with double sinks vaulted ceiling and Walk-in closet.All bedrooms have new carpet.Other features include ''nest'' thermostat, 2 year old roof, HVAC (95% Efficiency Rating), Hot water heater and sprinkler System. All you have to do is Unpack!
Unit Size
1,948 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1998

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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 #21813794)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
Apr 13, 2018 Listed by Keller Williams Realty East Monmouth $307,125
Listed by Keller Williams Realty East Monmouth

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,026
  • Lot Size Depth Feet: 1,198
  • Lot Size Frontage Feet: 753
  • Total Building Area: 1,948
  • Building Area: 1,948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,948
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735001

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: TAX MAP 22
  • District: 31
  • Parcel: 31 00044- 171-00002
  • Block: 44.171
  • Lot: 2
  • Municipality: STAFFORD TWP
  • Latitude: 39.7411
  • Longitude: -74.2973

    Address

  • Full Address: 264 Stormy Rd
  • Address - House Number: 264
  • Address - Street Name: Stormy
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C014
  • 4-Digit Zip Code: 1246
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,664

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 489,723
  • High Value: 595,227
  • Low Value: 384,218

    Market Valuation

  • Market Total Value: $238,600
  • Market Land Value: $61,200
  • Market Improvement Value: $177,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,600
  • Assessed Land Value: $61,200
  • Assessed Improvements Value: $177,400

    Sales

  • Current Sale Contract Date: Apr 11, 2018
  • Current Sale Recording Date: Jul 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018067548
  • Previous Sale Recording Date: Jul 28, 2009
  • Previous Sale Contract Date: Jun 30, 2009
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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 Acres

Stats & Trends

Median Asking:

$559,000

Sale Price/ft²

$293

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1536 ft²

Average Home Age

27.4 years

Currently For Sale

54 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 1186 Galley Avenue, Manahawkin, NJ, 08050

$3,695 /mo

  • 5 Beds
  • 2 Baths
  • 2,108 ft²
1186 Galley Avenue, Manahawkin, NJ, 08050 Listing by Joshua Weingarten
Unit for rent at 356 Leeward Road, Manahawkin, NJ, 08050

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
356 Leeward Road, Manahawkin, NJ, 08050 Listing by Jamie Arcykiewicz

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michelle Lorme, Keller Williams Realty East Monmouth
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21813794
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 264 Stormy Road built and last sold?
The property at 264 Stormy Road was built in 1998 and last sold on Apr 11, 2018 for $305,500.
How much is this home worth?
The estimated value of the home located at 264 Stormy Road is $0.
What are some comparable homes to 264 Stormy Road?
There are currently no comparable homes to 264 Stormy Road.
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