$340,000
●
House -
In Contract
48 Bay Parkway
Waretown, NJ 08758
3 Beds
2 Baths
2,421 Ft²
$2,200
Est. Monthly
About This Property
Attention investors and renovation enthusiasts! This property
offers an incredible opportunity to transform it into something
special with endless possibilities for renovation and
customization. Bring your vision, creativity and finishing touches
to breathe new life into this promising property. Significant
improvements have already been made, including a reframed &
reroofed roof, partial siding and replacement windows. Please note
that the roof and framing permits remain open and will be the
buyers responsibility after closing. Property is being sold
strictly as is where is. The buyer is responsible for obtaining all
inspections, certifications, permits and any other requirements
necessary to close. Seller has never occupied the house and may
consider seller financing for qualified buyers
Unit Size
2,421 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$140
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1954
Listed By
CHRISTIANA HADJIAVRAAM
KELLER WILLIAMS REALTY
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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 months ago (MOMLS #22622357)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Price Decreased |
$340,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Jul 22, 2026 | Listed by Real Broker, LLC- Red Bank | $350,000 | |
| Listed by Real Broker, LLC- Red Bank | |||
| May 23, 2025 | Sold | ||
| Sold | |||
| Apr 25, 2025 | In contract | - | |
| In contract | |||
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Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Circular Driveway, Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Attic - Pull Down Stairs
Has Fireplace
Fireplaces: 2
Basement: Partial
Exterior Details
Square Footage: 2421
Architectural Style: Ranch
Year Built: 1954
Building Area Total: 2421
Lot Features: Corner Lot
Lot Size Area: 0.49
Lot Size Units: Acres
Lot Size Acres: 0.49
Lot Size Square Feet: 21344.4
Lot Size Dimensions: 235 x 91
Water Source: Public
Financial Details
Tax Assessed Value: $403,200
Tax Annual Amount: $6,363
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Listed by: Christiana Hadjiavraam, Real Broker, LLC- Red Bank
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22622357
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 months ago
Data Source: MOMMLS, MLS# 22622357
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