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Ocean 08005
38 Spruce Circle S
$280,000
● House - Off Market

38 Spruce Circle S

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,951 Ft²
$424,887
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Updated Colonial in the Desirable Timbers Neighborhood. 3 Bdrms, 2.5 Bath, almost 2000 sq ft, all Located on a Quiet Tree-lined Street w/Sidewalks! Updates Throughout! 50 Yr Timberline Roof, Furnace, A/C & HWH-5 yrs old. Decorator Kitchen is just months old.  42'' Cabinets, Granite Counters, Subway Tile Backsplash, Brand New Refrig & Dshwasher. Stove & Microwave - 5 yrs old.  Custom Window Seat w/ Storage Below-9'6'' long-a Fabulous Place to Relax with a Cup of Coffee or a Good Book! Open to the Family Rm-Currently used as a Dining Rm w/Gas Fireplace & Engineered Wood Flrs. Butler's Pantry(half of Garage), Spacious Living Rm, Sitting Rm, 3 Season Rm & Powder Rm Complete the 1st Flr. Upstairs is a Large Master Suite w/WIC & Updated Bath, 2 add'l Bdrms & Large Hall Bath. This Home has it ALL
Unit Size
1,951 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$149
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1990

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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 #21929832)

Price History

Date / Event Date Event Price
Sep 17, 2019 Sold
Premium
Sold
Jul 19, 2019 Listed by RE/MAX New Beginnings Realty-Toms River $289,900
Listed by RE/MAX New Beginnings Realty-Toms River

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,434
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 1,110
  • Total Building Area: 1,951
  • Building Area: 1,951
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,951
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734002

Zoning

  • Zoning: RC75

Geography

  • Assessors Map Reference: TAX MAP 72
  • District: 01
  • Parcel: 01 00116- 21-00015
  • Block: 116.21
  • Lot: 15
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7648
  • Longitude: -74.2426

    Address

  • Full Address: 38 Spruce Cir S
  • Address - House Number: 38
  • Street Segment Direction: S
  • Address - Street Name: Spruce
  • Address - Suffix Type: Cir
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R005
  • 4-Digit Zip Code: 2034
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $722,561

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 484,697
  • High Value: 578,485
  • Low Value: 390,910

    Market Valuation

  • Market Total Value: $256,500
  • Market Land Value: $86,000
  • Market Improvement Value: $170,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $256,500
  • Assessed Land Value: $86,000
  • Assessed Improvements Value: $170,500

    Sales

  • Current Sale Contract Date: Sep 09, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019096708
  • Previous Sale Recording Date: Sep 26, 2006
  • Previous Sale Contract Date: Sep 14, 2006
  • Previous Sale Amount: $325,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3053 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 56 Georgetown Boulevard, BARNEGAT, NJ, 08005

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,292 ft²
56 Georgetown Boulevard, BARNEGAT, NJ, 08005 Listing by Jessica K DiFrancia

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Grace Talarico, RE/MAX New Beginnings Realty-Toms River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21929832
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 38 Spruce Circle South built and last sold?
The property at 38 Spruce Circle South was built in 1990 and last sold on Sep 9, 2019 for $280,000.
How much is this home worth?
The estimated value of the home located at 38 Spruce Circle South is $0.
What are some comparable homes to 38 Spruce Circle South?
There are currently no comparable homes to 38 Spruce Circle South.
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