For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Toms River 08753
51 2nd Bayway
$330,000
● House - Off Market

51 2nd Bayway

Toms River, NJ 08753
bedrooms
2 Beds
bathrooms
1 Bath
$344,788
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Wow! Wow! Wow! Move to the mouth of Island Heights and steps from Toms River., including watch clubs and rivieras minutes from the beach
Unit Size
-
Days on Market
114 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 8 months ago (MOMLS #22225884)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Aug 15, 2022 Listed by RE/MAX Innovation $325,000
Listed by RE/MAX Innovation

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 19
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,835
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 723600

Zoning

  • Zoning: R50

Geography

  • Assessors Map Reference: TAX MAP 85
  • District: 08
  • Parcel: 08 01085- 05-00013
  • Block: 1085.05
  • Lot: 13
  • Municipality: DOVER TWP
  • Latitude: 39.9517
  • Longitude: -74.1565

    Address

  • Full Address: 51 2nd Bayway
  • Address - House Number: 51
  • Address - Street Name: 2nd Bayway
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C013
  • 4-Digit Zip Code: 7061
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $394,955

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 350,691
  • High Value: 382,309
  • Low Value: 319,072

    Market Valuation

  • Market Total Value: $266,600
  • Market Land Value: $91,000
  • Market Improvement Value: $175,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,600
  • Assessed Land Value: $91,000
  • Assessed Improvements Value: $175,600

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 127957
  • Previous Sale Recording Date: Apr 25, 2022
  • Previous Sale Contract Date: Apr 22, 2022
  • Previous Sale Amount: $190,000
  • 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 Toms River

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1724 ft²

Average Home Age

46 years

Currently For Sale

346 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 145 Central Avenue, Island Heights, NJ, 08732

$2,100 /mo

  • 1 Bed
  • 1 Bath
  • 806 ft²
145 Central Avenue #11A, Island Heights, NJ, 08732 Listing by Jasmin Elalfy

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Simi Kapoor, RE/MAX Innovation
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 22225884
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 51 2 Bayway built and last sold?
The property at 51 2 Bayway was built in 1955 and last sold on Dec 9, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 51 2 Bayway is $0.
What are some comparable homes to 51 2 Bayway?
There are currently no comparable homes to 51 2 Bayway.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Ocean Homes for Sale
Ocean Houses for Sale
Ocean Condos for Sale
Ocean Co-Ops for Sale
Ocean Townhouses for Sale
Ocean Multifamily for Sale
Ocean Land for Sale
Ocean Commercial for Sale
Nearby Cities
New York Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Vineland Homes for Sale
Ocean Acres Homes for Sale
Ocean City Homes for Sale
Nearby Property Records
Ocean County, NJ Property Records
Burlington County, NJ Property Records
Monmouth County, NJ Property Records
Atlantic County, NJ Property Records
Middlesex County, NJ Property Records
Mercer County, NJ Property Records
Camden County, NJ Property Records
Gloucester County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Camden Homes for Sale
Burlington Homes for Sale
Hempstead Homes for Sale
Top Real Estate Agents
Top Agents in Ocean
Top Agents in New York
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Middlesex
Top Agents in Camden