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Manahawkin 08050
391 Chestnut Drive
$672,000
● House - Off Market

391 Chestnut Drive

Manahawkin, NJ 08050
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,334 Ft²
$4,119
Est. Monthly
8.26%
Cap Rate

About This Property

Desirable Deer Lake Park. 5 bedrooms, 2.5 baths, beautiful hardwood floors, updated eat in kitchen with quartz countertops and SS appliances overlooking the family room. Huge primary suite with vaulted ceilings and large walk in closet. Partially finished basement. Step outside to your backyard pool oasis perfect for entertaining.
Unit Size
2,334 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$299
Property Type
House
Property Taxes
$686
HOA Dues
-
Year Built
1999

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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 #22423321)

Price History

Date / Event Date Event Price
Nov 8, 2024 Sold
Premium
Sold
Sep 20, 2024 In contract -
In contract
Aug 23, 2024 Price Decreased $699,000
↓ $10K (1.4%)
Price Decreased
Aug 13, 2024 Listed by Van Dyk Group $709,000
Listed by Van Dyk Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 5
  • 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: 1,317
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,334
  • Building Area: 2,334
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,334
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735104

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 75
  • District: 31
  • Parcel: 31 00056- 08-00013
  • Block: 56.08
  • Lot: 13
  • Municipality: STAFFORD TWP
  • Latitude: 39.7057
  • Longitude: -74.2576

    Address

  • Full Address: 391 Chestnut Dr
  • Address - House Number: 391
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C002
  • 4-Digit Zip Code: 3061
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $788,355

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 627,217
  • High Value: 759,967
  • Low Value: 494,468

    Market Valuation

  • Market Total Value: $334,900
  • Market Land Value: $75,700
  • Market Improvement Value: $259,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,900
  • Assessed Land Value: $75,700
  • Assessed Improvements Value: $259,200

    Sales

  • Current Sale Contract Date: Jun 16, 2011
  • Current Sale Recording Date: Jul 11, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2011061090
  • Previous Sale Recording Date: Aug 12, 1999
  • Previous Sale Contract Date: Aug 06, 1999
  • Previous Sale Amount: $197,900
  • 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 Manahawkin

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$271

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1763 ft²

Average Home Age

80.8 years

Currently For Sale

8 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: Bridgit Romano, Van Dyk Group
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22423321
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 391 Chestnut Drive built and last sold?
The property at 391 Chestnut Drive was built in 1999 and last sold on Jun 16, 2011 for $330,000.
How much is this home worth?
The estimated value of the home located at 391 Chestnut Drive is $705,990.
What are some comparable homes to 391 Chestnut Drive?
There are currently no comparable homes to 391 Chestnut Drive.
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