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Ocean 08759
3153 Ridgeway Boulevard
$351,000
● House - Off Market

3153 Ridgeway Boulevard

Manchester, NJ 08759
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,149 Ft²
$347,940
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

THIS HOME CAN NOT BE SHOWN UNTIL 6/25/2023. Nestled in the heart of Manchester, this two story home with lots of charm is waiting for its new owners! Enjoy the quiet wooded back yard with easy access to Route 571 & Route 37. This home offers 3 bedroom, 2 bath and 3 storage sheds. The well and septic tank are less than 10 years old.
Unit Size
1,149 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$305
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1950

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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 #22316620)

Price History

Date / Event Date Event Price
Aug 16, 2023 Sold
Premium
Sold
Jun 19, 2023 Listed by Keller Williams Shore Properties $349,900
Listed by Keller Williams Shore Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,460
  • Lot Size Depth Feet: 2,900
  • Lot Size Frontage Feet: 740
  • Total Building Area: 1,149
  • Building Area: 1,149
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,149
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000492
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 3

Neighborhood

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

Zoning

  • Zoning: PR15

Geography

  • Assessors Map Reference: TAX MAP 4
  • Account Number: 2696
  • District: 19
  • Parcel: 19 00065-0000-00002
  • Block: 65
  • Lot: 2
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0393
  • Longitude: -74.2976

    Address

  • Full Address: 3153 Ridgeway Blvd
  • Address - House Number: 3153
  • 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: $358,830

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 321,463
  • High Value: 388,175
  • Low Value: 254,750

    Market Valuation

  • Market Total Value: $162,000
  • Market Land Value: $74,500
  • Market Improvement Value: $87,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,000
  • Assessed Land Value: $74,500
  • Assessed Improvements Value: $87,500

    Sales

  • Current Sale Contract Date: Jul 27, 2023
  • Current Sale Recording Date: Aug 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 62063
  • Previous Sale Recording Date: Apr 17, 1996
  • Previous Sale Contract Date: Apr 11, 1996
  • Previous Sale Amount: $71,000
  • 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

$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

Unit for rent at 133 Belvedere Drive N, MANCHESTER, NJ, 08759

$3,250 /mo

  • 3 Beds
  • 3 Baths
  • 2,434 ft²
133 Belvedere Drive N, MANCHESTER, NJ, 08759 Listing by Patricia Ceglie

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Margaret Cooper, Keller Williams Shore Properties
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22316620
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 3153 Ridgeway Boulevard built and last sold?
The property at 3153 Ridgeway Boulevard was built in 1950 and last sold on Jul 27, 2023 for $351,000.
How much is this home worth?
The estimated value of the home located at 3153 Ridgeway Boulevard is $0.
What are some comparable homes to 3153 Ridgeway Boulevard?
There are currently no comparable homes to 3153 Ridgeway Boulevard.
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