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Ocean 08758
305 3rd Street
$375,000
● House - Off Market

305 3rd Street

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,308 Ft²
$2,218
Est. Monthly
8.39%
Cap Rate

About This Property

Come see this 3 bdrm, 1 bath ranch on large 100x100 lot. Home needs a little updating including the bathroom and flooring through out but is clean and well taking care of. Roof is less then 5 years old, AC is less then 4 years old washer and dryer about 3 years old. Call now for appointment to see this home before it's gone.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
-
Price per sqft
$287
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1972

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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 #22501701)

Price History

Date / Event Date Event Price
Mar 31, 2025 Sold
Premium
Sold
Jan 29, 2025 In contract -
In contract
Jan 19, 2025 Listed by Heart of Gold Realty $375,000
Listed by Heart of Gold Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,308
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 27
  • District: 21
  • Parcel: 21 00248-0000-00004
  • Block: 248
  • Lot: 4
  • Municipality: OCEAN TWP
  • Latitude: 39.7736
  • Longitude: -74.2058

    Address

  • Full Address: 305 3rd St
  • Address - House Number: 305
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R802
  • 4-Digit Zip Code: 2904
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $372,018

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 370,636
  • High Value: 442,353
  • Low Value: 298,919

    Market Valuation

  • Market Total Value: $171,200
  • Market Land Value: $80,000
  • Market Improvement Value: $91,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,200
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $91,200
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

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1593 ft²

Average Home Age

29 years

Currently For Sale

4305 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 21 Pohatcong Avenue, Waretown, NJ, 08758

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
21 Pohatcong Avenue, Waretown, NJ, 08758 Listing by Mary Albanese
Unit for rent at 16 Baybreeze Drive, Waretown, NJ, 08758

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,925 ft²
16 Baybreeze Drive, Waretown, NJ, 08758 Listing by Judy A Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia Hynes, Heart of Gold Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22501701
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 305 3rd Street built and last sold?
The property at 305 3rd Street was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 305 3rd Street is $0.
What are some comparable homes to 305 3rd Street?
There are currently no comparable homes to 305 3rd Street.
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