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08005
279 Bay Shore Drive
$425,000
● House - Off Market

279 Bay Shore Drive

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
2 Baths
$715,999
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

BEST BUY ON THE BAY!! Extraordinary Views from this Bayfront Contemporary Home, with a superb location right on the Barnegat Bay. This custom home features an open floor plan, 2 story living area w/vaulted ceilings, wall-to-wall windows & skylights for natural light. Perfect for entertaining both inside & out. Large deck with awning is sure to give you the Shore experience you are looking for. Offering 3 bedrooms, recessed lighting, 2 zone heat and air, HWBB heat, kitchen with breakfast bar, dining room, ceiling fans, paver driveway and much more! Call Today
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,187
HOA Dues
-
Year Built
1985

Payment Calculator

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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 #21701984)

Price History

Date / Event Date Event Price
Aug 4, 2017 Sold
Premium
Sold
Jan 17, 2017 Listed by Weichert Realtors-Forked River $449,000
Listed by Weichert Realtors-Forked River

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,429
  • Building Area: 1,429
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,429
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MINOR SUB
  • Land Acres: 0000000140
  • 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 123
  • District: 01
  • Parcel: 01 00200-0000-00001- 03
  • Block: 200
  • Lot: 1.03
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7608
  • Longitude: -74.1925

    Address

  • Full Address: 279 Bay Shore Dr
  • Address - House Number: 279
  • Address - Street Name: Bay Shore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R001
  • 4-Digit Zip Code: 2627
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,305,680

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 705,391
  • High Value: 854,241
  • Low Value: 556,541

    Market Valuation

  • Market Total Value: $463,500
  • Market Land Value: $313,600
  • Market Improvement Value: $149,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463,500
  • Assessed Land Value: $313,600
  • Assessed Improvements Value: $149,900

    Sales

  • Current Sale Contract Date: Aug 02, 2017
  • Current Sale Recording Date: Aug 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017089355
  • Previous Sale Recording Date: Sep 21, 1998
  • Previous Sale Contract Date: Sep 16, 1998
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27

    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 Barnegat

Stats & Trends

Median Asking:

$479,000

Sale Price/ft²

$264

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1727 ft²

Average Home Age

37.2 years

Currently For Sale

100 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 27 Forest Park Drive, WARETOWN, NJ, 08758

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,925 ft²
27 Forest Park Drive, WARETOWN, NJ, 08758 Listing by Judy A Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Steven M Bloss, Weichert Realtors-Forked River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21701984
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 279 Bayshore Drive built and last sold?
The property at 279 Bayshore Drive was built in 1985 and last sold on Aug 2, 2017 for $425,000.
How much is this home worth?
The estimated value of the home located at 279 Bayshore Drive is $0.
What are some comparable homes to 279 Bayshore Drive?
There are currently no comparable homes to 279 Bayshore Drive.
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