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Beach Haven West 08050
40 Mark Drive
$265,100
● Land - Off Market

40 Mark Drive

Manahawkin, NJ 08050
bedrooms
Studio
bathrooms
0 Bath
$348,424
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Waterfront. Bulkhead.Current property damaged by Sandy. Due diligence on buyer to determine if house can be elevated.(9 foot requirement according to zoning dept).EZ access to Barnegat Bay.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$493
HOA Dues
-
Year Built
1957

Payment Calculator

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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 #21806675)

Price History

Date / Event Date Event Price
Mar 22, 2018 Sold
Premium
Sold
Feb 22, 2018 Listed by RE/MAX Real Estate LTD. $225,000
Listed by RE/MAX Real Estate LTD.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 600
  • Total Building Area: 954
  • Building Area: 954
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 954
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735105

Zoning

  • Zoning: RR2A

Geography

  • Assessors Map Reference: TAX MAP 145
  • District: 31
  • Parcel: 31 00171-0000-00105
  • Block: 171
  • Lot: 105
  • Municipality: STAFFORD TWP
  • Latitude: 39.6645
  • Longitude: -74.22

    Address

  • Full Address: 40 Mark Dr
  • Address - House Number: 40
  • Address - Street Name: Mark
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C003
  • 4-Digit Zip Code: 4261
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $531,769

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 552,442
  • High Value: 671,458
  • Low Value: 433,425

    Market Valuation

  • Market Total Value: $225,900
  • Market Land Value: $214,700
  • Market Improvement Value: $11,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,900
  • Assessed Land Value: $214,700
  • Assessed Improvements Value: $11,200

    Sales

  • Current Sale Contract Date: Mar 19, 2018
  • Current Sale Recording Date: Mar 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018028744
  • Previous Sale Recording Date: Jul 05, 1996
  • Previous Sale Contract Date: Jun 14, 1996
  • Previous Sale Amount: $115,500
  • 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 Beach Haven West

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$650

Below Asking

0.01%

Average Days on Market

58

Average Home Size

2354 ft²

Average Home Age

27.9 years

Currently For Sale

59 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 27 Gregg Drive, Manahawkin, NJ, 08050

$2,100 /mo

  • 3 Beds
  • 1 Bath
  • 744 ft²
27 Gregg Drive, Manahawkin, NJ, 08050 Listing by Annmarie Corsetto

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Davidson, RE/MAX Real Estate LTD.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21806675
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 40 Mark Drive built and last sold?
The property at 40 Mark Drive was built in 1957 and last sold on Mar 19, 2018 for $265,100.
How much is this home worth?
The estimated value of the home located at 40 Mark Drive is $227,250.
What are some comparable homes to 40 Mark Drive?
There are currently no comparable homes to 40 Mark Drive.
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