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Ocean 08758
4 Letts Landing Road
$420,000
● House - Off Market

4 Letts Landing Road

Waretown, NJ 08758
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,035 Ft²
$2,714
Est. Monthly
13.05%
Cap Rate

About This Property

Amazing opportunity to turn this spacious 4-bedroom (+bonus room), 3-bath home into something really special. With 3,000 sq ft of living space, this home has room for everyone.  A 1st floor bedroom with ensuite bath is a huge bonus. The cozy family room features a fireplace-ideal for relaxing nights in. Outside you'll find an in-ground pool with brand new liner & a separate well for outdoor use. The backyard is a blank slate ready to become your oasis. Located in Waretown, this home is close to the bay, the NJ shore and all it has to offer, the GSP, shopping, restaurants. Life is good in Ocean County! Come join the fun!
Unit Size
3,035 Ft²
Days on Market
55 days
Land Size
0.23 acres
Price per sqft
$140
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1964

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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 #22519368)

Price History

Date / Event Date Event Price
Sep 29, 2025 Sold
Premium
Sold
Aug 21, 2025 In contract -
In contract
Aug 5, 2025 Listed by C21/ Action Plus Realty $425,000
Listed by C21/ Action Plus Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Parking Space Count: 2
  • 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: 3,034
  • Building Area: 3,034
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,034
  • Heating Fuel Type: 3

    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 17
  • District: 21
  • Parcel: 21 00127-0000-00001- 01
  • Block: 127
  • Lot: 1.01
  • Municipality: OCEAN TWP
  • Latitude: 39.8002
  • Longitude: -74.1953

    Address

  • Full Address: 4 Letts Landing Rd
  • Address - House Number: 4
  • Address - Street Name: Letts Landing
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R804
  • 4-Digit Zip Code: 1803
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $633,864

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 552,127
  • High Value: 636,647
  • Low Value: 467,607

    Market Valuation

  • Market Total Value: $291,700
  • Market Land Value: $67,500
  • Market Improvement Value: $224,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,700
  • Assessed Land Value: $67,500
  • Assessed Improvements Value: $224,200
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

1595 ft²

Average Home Age

29 years

Currently For Sale

4297 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

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MOMMLS

Listed by: Tracey Carpe, C21/ Action Plus Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22519368
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 4 Letts Landing Road built and last sold?
The property at 4 Letts Landing Road was built in 1964 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Letts Landing Road is $0.
What are some comparable homes to 4 Letts Landing Road?
There are currently no comparable homes to 4 Letts Landing Road.
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