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Ocean 08758
303 2nd Street
$325,000
● House - Off Market

303 2nd Street

Waretown, NJ 08758
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$418,501
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

If you have been searching for a house that feels like a home, this may be the one!  This large and lovely home has been undergoing updating over the last few years including the kitchen, bathrooms, flooring, windows, interior doors, patio & garage door.  This home has hot water baseboard heat and leased solar panels.  The kitchen features granite counters, stainless steel appliances and a wine fridge.  You will appreciate the master bedroom with walk in closet that includes the laundry area.  The walk up attic gives you an additional room for a celebrity style closet, home office or extra storage space.  Let's not forget the oversized backyard with patio and firepit. Plenty of room to add a pool too!  Put this home on your list to see first! View the tour at bit.ly/2ICK8nj
Unit Size
-
Days on Market
-
Land Size
0.29 acres
Price per sqft
-
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1978

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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 #22035631)

Price History

Date / Event Date Event Price
Feb 26, 2021 Sold
Premium
Sold
Oct 5, 2020 Listed by Coldwell Banker Flanagan Realty $329,000
Listed by Coldwell Banker Flanagan Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,046
  • Building Area: 2,046
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,046
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: C-1

Geography

  • Assessors Map Reference: TAX MAP 27
  • District: 21
  • Parcel: 21 00242-0000-00006
  • Block: 242
  • Lot: 6
  • Municipality: OCEAN TWP
  • Latitude: 39.7737
  • Longitude: -74.2067

    Address

  • Full Address: 303 2nd St
  • Address - House Number: 303
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R802
  • 4-Digit Zip Code: 2902
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $466,760

    Appraisal Valuation

  • Standard Deviation: 0.2164
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 449,836
  • High Value: 547,182
  • Low Value: 352,490

    Market Valuation

  • Market Total Value: $214,800
  • Market Land Value: $82,000
  • Market Improvement Value: $132,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,800
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $132,800

    Sales

  • Current Sale Contract Date: Feb 22, 2021
  • Current Sale Recording Date: Mar 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021035633
  • Previous Sale Recording Date: Jun 14, 1999
  • Previous Sale Contract Date: May 28, 1999
  • Previous Sale Amount: $118,900
  • 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 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

24.8 years

Currently For Sale

4272 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 102 Demmy Avenue, Waretown, NJ, 08758

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
102 Demmy Avenue, Waretown, NJ, 08758 Listing by Mary Albanese

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rosemarie McGeehan, Coldwell Banker Flanagan Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22035631
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 303 2nd Street built and last sold?
The property at 303 2nd Street was built in 1978 and last sold on Feb 22, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 303 2nd Street is $0.
What are some comparable homes to 303 2nd Street?
There are currently no comparable homes to 303 2nd Street.
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