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Ocean 08758
49 Bay Parkway
$295,000
● House - Off Market

49 Bay Parkway

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
$279,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

COZY BUNGALOW - Tired of renting?  This cute 2 bedroom, 1 bath starter home is calling for you.  Located on an oversized 148x155 corner lot in Waretown includes forced hot air, natural gas, public water, public sewer, enclosed front porch, and a woodburning fireplace.  Some recent improvements include granite countertops, newer vinyl plank flooring, updated bathroom... your new lifestyle awaits!
Unit Size
-
Days on Market
67 days
Land Size
0.53 acres
Price per sqft
-
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1954

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 #22315798)

Price History

Date / Event Date Event Price
Nov 7, 2023 Sold
Premium
Sold
Sep 10, 2023 In contract -
In contract
Sep 3, 2023 Relisted $265,000
Relisted
Sep 3, 2023 Price Increased $279,900
↑ $15K (5.6%)
Price Increased
Jun 13, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,940
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 712
  • Building Area: 712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 712
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000526
  • 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 11
  • District: 21
  • Parcel: 21 00069-0000-00005
  • Block: 69
  • Lot: 5
  • Municipality: OCEAN TWP
  • Latitude: 39.8078
  • Longitude: -74.1903

    Address

  • Full Address: 49 Bay Pkwy
  • Address - House Number: 49
  • Address - Street Name: Bay
  • Address - Suffix Type: Pkwy
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R801
  • 4-Digit Zip Code: 1511
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $288,357

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 265,117
  • High Value: 289,020
  • Low Value: 241,214

    Market Valuation

  • Market Total Value: $132,700
  • Market Land Value: $76,300
  • Market Improvement Value: $56,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,700
  • Assessed Land Value: $76,300
  • Assessed Improvements Value: $56,400

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Nov 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 87987
  • Previous Sale Recording Date: Aug 12, 2019
  • Previous Sale Contract Date: Jul 08, 2019
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 64
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

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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 804 Pensacola Road, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
804 Pensacola Road, Forked River, NJ, 08731 Listing by Kaitlyn M Nesbihal
Unit for rent at 1020 Inland Road, Forked River, NJ, 08731

$2,150 /mo

  • 2 Beds
  • 1 Bath
1020 Inland Road, Forked River, NJ, 08731 Listing by Jeffrey Lara

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gregory R Broome, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22315798
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 49 Bay Parkway built and last sold?
The property at 49 Bay Parkway was built in 1954 and last sold on Oct 16, 2023 for $295,000.
How much is this home worth?
The estimated value of the home located at 49 Bay Parkway is $278,282.
What are some comparable homes to 49 Bay Parkway?
There are currently no comparable homes to 49 Bay Parkway.
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