$135,000
●
Land -
Off Market
498 Dock Road
West Creek, NJ 08092
Studio
0 Bath
$196,700
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
Situated on the perfect spot along this long, winding road on the
Westecunk Creek, the views from your future home will knock your
socks off from sunrise to sunset. Serene solitude can be yours at
this beautiful location surrounded by Edward B. Forsythe Wildlife
Refuge protected lands. The crabs are plentiful & the water fowl
provide great entertainment. A combined package of the two lots
provides approx 100 feet of water frontage. (est. 50'x240' each
lot). The bulkhead is in place & with the addition of planking
provides enough space for all your water toys with room to
spare.
Great potential opportunity for Aquaculture in C-1 Zoned location. Water rights provided through riparian lease. Confirmation on permitted uses pending from Zoning Office. Buyers to perform own due diligence
Great potential opportunity for Aquaculture in C-1 Zoned location. Water rights provided through riparian lease. Confirmation on permitted uses pending from Zoning Office. Buyers to perform own due diligence
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$440
HOA Dues
-
Year Built
1940
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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 #21923673)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 14, 2020 | Sold | ||
| Sold | |||
| Jun 7, 2019 | Listed by Century 21 Action Plus Realty | $135,000 | |
| Listed by Century 21 Action Plus Realty | |||
| | |||
|
Sittuated on the perfect spot along this long, winding road on the Westecunk Creek, the views from your future home will knock your socks off from sunrise to sunset. Serene solitude can be yours at this beautiful location surrounded by Edward B. Forsythe Wildlife Refuge protected lands. The crabs are plentiful & the water fowl provide great entertainment. A combined package of the two lots provides approx 100 feet of water frontage. (est. 50'x240' each lot). The bulkhead is in place & with the addition of planking provides enough space for all your water toys with room to spare. Great potential opportunity for Aquaculture in C-1 Zoned location. Water rights provided through riparian lease. Confirmation on permitted uses pending from Zoning Office. Buyers to perform own due diligence
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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About Ocean
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Listed by: Tracey Carpe, C21/ Action Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21923673
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.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21923673
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