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Ocean 08758
407 6th Street
$300,000
● House - Off Market

407 6th Street

Waretown, NJ 08758
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,560 Ft²
$1,804
Est. Monthly
10.68%
Cap Rate

About This Property

Charming 3-bedroom, 1.5-bathroom ranch nestled in the heart of Waretown! This home presents a fantastic investment opportunity or a perfect start for first-time buyers. Featuring a functional layout with an eat-in kitchen, spacious living room, and cozy bedrooms, it offers plenty of potential to make it your own. Enjoy the privacy of a fully fenced-in backyard, perfect for outdoor living and entertaining. The property also features leased solar panels, offering potential energy savings. Home is being sold strictly AS-IS-buyers are responsible for obtaining the Certificate of Occupancy (CO). Don't miss out on this great opportunity in a desirable location!
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$192
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1972

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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 #22429200)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Jan 3, 2025 In contract -
In contract
Oct 7, 2024 Listed by Roman Balandin Realty LLC $300,000
Listed by Roman Balandin Realty LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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 27
  • District: 21
  • Parcel: 21 00264-0000-00007
  • Block: 264
  • Lot: 7
  • Municipality: OCEAN TWP
  • Latitude: 39.7738
  • Longitude: -74.2026

    Address

  • Full Address: 407 6th St
  • Address - House Number: 407
  • Address - Street Name: 6th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R802
  • 4-Digit Zip Code: 2921
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $371,148

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 348,121
  • High Value: 422,807
  • Low Value: 273,435

    Market Valuation

  • Market Total Value: $170,800
  • Market Land Value: $75,000
  • Market Improvement Value: $95,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,800
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $95,800
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1593 ft²

Average Home Age

24.1 years

Currently For Sale

4226 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 16 Baybreeze Drive, Waretown, NJ, 08758

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,925 ft²
16 Baybreeze Drive, Waretown, NJ, 08758 Listing by Judy A Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Daniel Wright, Roman Balandin Realty LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22429200
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 407 6th Street built and last sold?
The property at 407 6th Street was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 407 6th Street is $0.
What are some comparable homes to 407 6th Street?
There are currently no comparable homes to 407 6th Street.
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