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Mystic Island 08087
48 Beach Drive
$275,000
● House - Off Market

48 Beach Drive

Little Egg Harbor, NJ 08087
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,400 Ft²
$532,248
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

What a view! Waterfront home on prestigious Osborne island is only minutes to the open bay. Features include newer vinyl bulkhead, large dock and large boat lift, trex decking, paver patio, deck, upper level screened porch, work room. Reversed living, open floor plan with vaulted ceilings, skylight and great room with sliders to the screened porch with fabulous water views. Large kitchen with granite counters and custom granite table. Great year round living or vacation home - call today. PROPERTY SITS ABOVE FLOOD ELEVATION.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$125
Property Type
House
Property Taxes
$546
HOA Dues
-
Year Built
1984

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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 #21428313)

Price History

Date / Event Date Event Price
Sep 18, 2015 Sold
Premium
Sold
Jul 13, 2014 Listed by RE/MAX at Barnegat Bay $299,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 16
  • Exterior Walls Type: 17
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,469
  • Lot Size Frontage Feet: 590
  • Total Building Area: 2,088
  • Building Area: 2,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Little Egg Harbor Township School District
  • Census Tract: 736105

Zoning

  • Zoning: R-50

Geography

  • Assessors Map Reference: TAX MAP 2802
  • District: 17
  • Parcel: 17 00326- 204-00024
  • Block: 326.204
  • Lot: 24
  • Municipality: LITTLE EGG HARBOR TWP
  • Latitude: 39.5454
  • Longitude: -74.3799

    Address

  • Full Address: 48 Beach Dr
  • Address - House Number: 48
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Little Egg Harbor Twp
  • Carrier Code: C013
  • 4-Digit Zip Code: 1002
  • Zip Code: 08087

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $859,652

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 687,435
  • High Value: 820,451
  • Low Value: 554,419

    Market Valuation

  • Market Total Value: $314,200
  • Market Land Value: $145,700
  • Market Improvement Value: $168,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,200
  • Assessed Land Value: $145,700
  • Assessed Improvements Value: $168,500

    Sales

  • Current Sale Contract Date: Sep 16, 2015
  • Current Sale Recording Date: Sep 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015098373
  • Previous Sale Recording Date: Sep 21, 2005
  • Previous Sale Contract Date: Sep 09, 2005
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: 12
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 Mystic Island

Stats & Trends

Median Asking:

$437,450

Sale Price/ft²

$341

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1277 ft²

Average Home Age

47.6 years

Currently For Sale

67 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

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MOMMLS

Listed by: Thomas J Smith, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21428313
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 48 Beach Drive built and last sold?
The property at 48 Beach Drive was built in 1984 and last sold on Sep 16, 2015 for $275,000.
How much is this home worth?
The estimated value of the home located at 48 Beach Drive is $0.
What are some comparable homes to 48 Beach Drive?
There are currently no comparable homes to 48 Beach Drive.
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