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Ocean
602 Bowsprit Point
$242,000
● House - Off Market

602 Bowsprit Point

Lanoka Harbor, NJ 08734
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,521 Ft²
$364,092
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

WATERFRONT AVAILABILITY WITHOUT WATERFRONT TAXES.THIS 3 BEDROOM RANCH WITH A 2 CAR ATTACHED GARAGE IS LOCATED RIGHT ACROSS THE STREET FROM THE WATERFRONT MARINA SO YOU CAN RENT A SLIP TO DOCK YOUR BOAT AND NOT PAY WATERFRONT TAXES. OTHER BENEFITS INCLUDE MAINTENANCE FREE EXTERIOR, STONE YARD NO GRASS CUTTING, SPRINKLER SYSTEM FOR YOUR FLOWER BEDS AND AN EXTENDED SUN ROOM/FAMILY ROOM. ROOF JUST A FEW YEARS OLD, HARDWOOD AND TILE FLOORS THROUGHOUT. TREX DECKING AND PAVER PATIO IN THE YARD GREAT FOR ENTERTAINING ON THOSE COOL SUMMER NIGHTS. DONT LET THIS ONE SLIP AWAY CALL AND COME SEE TODAY
Unit Size
1,521 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1985

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: 3 years ago (MOMLS #21816285)

Price History

Date / Event Date Event Price
Nov 13, 2018 Sold
Premium
Sold
Apr 26, 2018 Listed by Diane Turton, Realtors-Brick $239,900
Listed by Diane Turton, Realtors-Brick

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,521
  • Building Area: 1,521
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,521
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL HARBOR
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 16

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 44
  • Account Number: 00051475
  • District: 13
  • Parcel: 13 00802-0000-00015
  • Block: 802
  • Lot: 15
  • Municipality: LACEY TWP
  • Latitude: 39.8618
  • Longitude: -74.1556

    Address

  • Full Address: 602 Bowsprit Pt
  • Address - House Number: 602
  • Address - Street Name: Bowsprit
  • Address - Suffix Type: Pt
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R001
  • 4-Digit Zip Code: 2605
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $490,845

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 410,733
  • High Value: 490,209
  • Low Value: 331,258

    Market Valuation

  • Market Total Value: $216,900
  • Market Land Value: $82,000
  • Market Improvement Value: $134,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,900
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $134,900

    Sales

  • Current Sale Contract Date: Nov 13, 2018
  • Current Sale Recording Date: Dec 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018119681
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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1588 ft²

Average Home Age

32.5 years

Currently For Sale

3034 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 255 Pine Drive, Bayville, NJ, 08721

$3,000 /mo

  • 3 Beds
  • 2 Baths
255 Pine Drive, Bayville, NJ, 08721 Listing by Patricia A Karnatski
Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christopher Carbonaro, Diane Turton, Realtors-Brick
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21816285
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 602 Bowsprit Point built and last sold?
The property at 602 Bowsprit Point was built in 1985 and last sold on Nov 13, 2018 for $242,400.
How much is this home worth?
The estimated value of the home located at 602 Bowsprit Point is $0.
What are some comparable homes to 602 Bowsprit Point?
There are currently no comparable homes to 602 Bowsprit Point.
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