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Ocean 08005
47 Highland Drive
$250,000
● House - Off Market

47 Highland Drive

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,628 Ft²
$342,434
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Meticulously maintained 3 bedroom home in a great area of Barnegat .  You will fall in love with this home and it's maintenance free large private yard.  Great floor plan and abundant natural light throughout, timberline roof, low utility bills. Hurry this one won't last
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$154
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1973

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: 2 years ago (MOMLS #22021633)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Jul 1, 2020 Listed by Keller Williams Shore Properties $250,000
Listed by Keller Williams Shore Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734005

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 01
  • Parcel: 01 00101-0000-00002
  • Block: 101
  • Lot: 2
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7652
  • Longitude: -74.262

    Address

  • Full Address: 47 Highland Dr
  • Address - House Number: 47
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R007
  • 4-Digit Zip Code: 1273
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $557,484

    Appraisal Valuation

  • Standard Deviation: 0.2076
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 394,430
  • High Value: 476,345
  • Low Value: 312,516

    Market Valuation

  • Market Total Value: $197,900
  • Market Land Value: $102,000
  • Market Improvement Value: $95,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,900
  • Assessed Land Value: $102,000
  • Assessed Improvements Value: $95,900

    Sales

  • Current Sale Contract Date: Aug 14, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020091646
  • Previous Sale Recording Date: Jul 12, 1974
  • Previous Sale Contract Date: Jul 12, 1974
  • Previous Sale Amount: $28,400
  • 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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.5 years

Currently For Sale

4528 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 79 Lexington Boulevard, Barnegat, NJ, 08005

$2,750 /mo

  • 3 Beds
  • 1 Bath
79 Lexington Boulevard, Barnegat, NJ, 08005 Listing by Victor Alhalabi
Unit for rent at 35 Mizzen Drive, Barnegat, NJ, 08005

$2,750 /mo

  • 3 Beds
  • 2 Baths
35 Mizzen Drive, Barnegat, NJ, 08005 Listing by Malka S Cymet

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Diana Morgan, Keller Williams Shore Properties
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22021633
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 47 Highland Drive built and last sold?
The property at 47 Highland Drive was built in 1973 and last sold on Aug 14, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 47 Highland Drive is $266,910.
What are some comparable homes to 47 Highland Drive?
There are currently no comparable homes to 47 Highland Drive.
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