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Ocean 08758
28 Main Street
$416,000
● House - Off Market

28 Main Street

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$2,804
Est. Monthly
5.88%
Cap Rate

About This Property

This home sits on an oversized lot and has been renovated and upgraded.  It offers 3 bedrooms, 2 bathrooms, new roof, full appliance package, partial basement, walk-up attic and tankless water heater.  Economical gas heat, central air and public utilities are also a plus.  An oversized detached garage with heat and air is the perfect man cave and perfect for all your toys and makes a great workshop.  Call today for your private tour!  Requesting $499,000!
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$405
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1884

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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: 2 years ago (MOMLS #22330872)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Nov 26, 2023 In contract -
In contract
Nov 4, 2023 Listed by RE/MAX at Barnegat Bay $499,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 756
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,740
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 980
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000292
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: BC

Geography

  • Assessors Map Reference: TAX MAP 23
  • District: 21
  • Parcel: 21 00221- 01-00001
  • Block: 221.01
  • Lot: 1
  • Municipality: OCEAN TWP
  • Latitude: 39.7863
  • Longitude: -74.1955

    Address

  • Full Address: 28 Main St
  • Address - House Number: 28
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2548
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $423,518
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2728
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 389,425
  • High Value: 495,673
  • Low Value: 283,177

    Market Valuation

  • Market Total Value: $194,900
  • Market Land Value: $69,700
  • Market Improvement Value: $125,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $194,900
  • Assessed Land Value: $69,700
  • Assessed Improvements Value: $125,200

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 95076
  • Previous Sale Recording Date: Nov 05, 2018
  • Previous Sale Contract Date: Oct 26, 2018
  • Previous Sale Amount: $220,000
  • 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:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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 148 Bayshore Drive, Barnegat, NJ, 08005

$2,800 /mo

  • 3 Beds
  • 1 Bath
148 Bayshore Drive #B, Barnegat, NJ, 08005 Listing by Edward Ramiza

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Vivian Lange, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22330872
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 28 Main Street built and last sold?
The property at 28 Main Street was built in 1884 and last sold on Dec 21, 2023 for $416,000.
How much is this home worth?
The estimated value of the home located at 28 Main Street is $493,323.
What are some comparable homes to 28 Main Street?
There are currently no comparable homes to 28 Main Street.
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