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Ocean 08758
41 Lighthouse Drive
$70,000
● House - Off Market

41 Lighthouse Drive

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
$109,361
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Looking for a project? This is great for builders and investors! Make this a home again or tear down and start new. To be sold as is and is a short sale.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$186
HOA Dues
-
Year Built
1952

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 #21610483)

Price History

Date / Event Date Event Price
Dec 28, 2016 Sold
Premium
Sold
Mar 18, 2016 Listed by Pacesetter Realty $65,000
Listed by Pacesetter Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733001

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 17
  • District: 21
  • Parcel: 21 00124-0000-00013
  • Block: 124
  • Lot: 13
  • Municipality: OCEAN TWP
  • Latitude: 39.7997
  • Longitude: -74.1921

    Address

  • Full Address: 41 Lighthouse Dr
  • Address - House Number: 41
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R804
  • 4-Digit Zip Code: 1830
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $261,847

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 244,231
  • High Value: 299,199
  • Low Value: 189,262

    Market Valuation

  • Market Total Value: $120,500
  • Market Land Value: $57,500
  • Market Improvement Value: $63,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,500
  • Assessed Land Value: $57,500
  • Assessed Improvements Value: $63,000

    Sales

  • Current Sale Contract Date: Dec 06, 2016
  • Current Sale Recording Date: Jan 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017001212
  • Previous Sale Recording Date: Oct 12, 1999
  • Previous Sale Contract Date: Jul 12, 1999
  • Previous Sale Amount: $8,000
  • Previous Sale Document Type: O
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

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3042 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

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Bertini, Pacesetter Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21610483
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 41 Lighthouse Drive built and last sold?
The property at 41 Lighthouse Drive was built in 1952 and last sold on Dec 6, 2016 for $70,000.
How much is this home worth?
The estimated value of the home located at 41 Lighthouse Drive is $0.
What are some comparable homes to 41 Lighthouse Drive?
There are currently no comparable homes to 41 Lighthouse Drive.
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