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Ocean 08759
3143 Ridgeway Boulevard
$425,000
● House - Off Market

3143 Ridgeway Boulevard

Manchester, NJ 08759
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,888 Ft²
$2,577
Est. Monthly
10.14%
Cap Rate

About This Property

THIS IS A COMING SOON LISTING AND CAN'T BE SHOWN UNITL 2/19/2024. Welcome to Ridgeway Blvd. This home offers just under 1 acre of property that backs up to the woods. This 4-bedroom home has many upgrades such as a newer roof, solar panels, brand new remodeled kitchen, a renovated main bathroom, newer well and expanded septic tank. This mother/daughter layout comes with a separate entrance, independent heating & plenty of shared parking. This home won't last, please let all offers known. Schedule showings through showing time.
Unit Size
1,888 Ft²
Days on Market
74 days
Land Size
0.72 acres
Price per sqft
$228
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1954

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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 #22404141)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Feb 13, 2024 Listed by Keller Williams Shore Properties $429,900
Listed by Keller Williams Shore Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,363
  • Total Building Area: 1,888
  • Building Area: 1,888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,888
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000720
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720206

Zoning

  • Zoning: PR15

Geography

  • Assessors Map Reference: TAX MAP 4
  • Account Number: 2697
  • District: 19
  • Parcel: 19 00065-0000-00004
  • Block: 65
  • Lot: 4
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0391
  • Longitude: -74.2977

    Address

  • Full Address: 3143 Ridgeway Blvd
  • Address - House Number: 3143
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Manchester
  • Carrier Code: R001
  • 4-Digit Zip Code: 5038
  • Zip Code: 08759

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $558,845

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 428,545
  • High Value: 467,183
  • Low Value: 389,908

    Market Valuation

  • Market Total Value: $252,300
  • Market Land Value: $78,300
  • Market Improvement Value: $174,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,300
  • Assessed Land Value: $78,300
  • Assessed Improvements Value: $174,000

    Sales

  • Current Sale Contract Date: Aug 14, 2006
  • Current Sale Recording Date: Aug 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2006142102
  • Previous Sale Recording Date: Mar 06, 2006
  • Previous Sale Contract Date: Feb 13, 2006
  • Previous Sale Amount: $205,450
  • 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

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.3 years

Currently For Sale

4474 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

Rentals Near You

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MOMMLS

Listed by: Margaret Cooper, Keller Williams Shore Properties
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22404141
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 3143 Ridgeway Boulevard built and last sold?
The property at 3143 Ridgeway Boulevard was built in 1954 and last sold on Aug 14, 2006 for $243,775.
How much is this home worth?
The estimated value of the home located at 3143 Ridgeway Boulevard is $0.
What are some comparable homes to 3143 Ridgeway Boulevard?
There are currently no comparable homes to 3143 Ridgeway Boulevard.
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