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Waretown 08758
61 Oregon Avenue
$177,500
● House - Off Market

61 Oregon Avenue

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$263,332
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

AFFORDABLE MOVE IN READY HOME FOR FIRST TIME HOME BUYERS!!  Beautiful SERENE VIEWS await you in this CHARMING, MOVE IN READY RANCH that sits across the street from a MARINA but requires NO FLOOD INSURANCE.  This home features BRAND NEW VINYL SIDING, gutters & leaders, a NEWER KITCHEN & NEWER ENERGY EFFICIENT GAS HEAT.  A spacious living room and 2 nice sized bedroom have ORIGINAL HARDWOOD FLOORS under the carpeting.  The SUN ROOM/DINING AREA is the perfect spot to sit and enjoy your morning coffee while enjoying the VIEW.

Perfect for BOATERS, 1ST TIME HOME BUYERS, a WEEKEND RETREAT, or someone looking to DOWNSIZE.  Detached shed for storage and a partially fenced yard complete the package.
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1955

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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 #21932534)

Price History

Date / Event Date Event Price
Nov 1, 2019 Sold
Premium
Sold
Aug 7, 2019 Listed by Weichert Realtors-Forked River $179,900
Listed by Weichert Realtors-Forked River

Property Highlights

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: 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: 4,800
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 600
  • Total Building Area: 624
  • Building Area: 624
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 624
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF BAY HAVEN OACEAN COUINTY NJ
  • Land Acres: 0000000110
  • 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 22
  • District: 21
  • Parcel: 21 00196-0000-00018
  • Block: 196
  • Lot: 18
  • Municipality: OCEAN TWP
  • Latitude: 39.7893
  • Longitude: -74.1899

    Address

  • Full Address: 61 Oregon Ave
  • Address - House Number: 61
  • Address - Street Name: Oregon
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2435
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $265,323

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 276,959
  • High Value: 339,294
  • Low Value: 214,625

    Market Valuation

  • Market Total Value: $122,100
  • Market Land Value: $73,500
  • Market Improvement Value: $48,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,100
  • Assessed Land Value: $73,500
  • Assessed Improvements Value: $48,600

    Sales

  • Current Sale Contract Date: Nov 01, 2019
  • Current Sale Recording Date: Nov 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019113306
  • Previous Sale Recording Date: Aug 02, 2007
  • Previous Sale Contract Date: Jul 20, 2007
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 27
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 Waretown

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$307

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1893 ft²

Average Home Age

38.1 years

Currently For Sale

9 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 2 Central Avenue, Waretown, NJ, 08758

$2,000 /mo

  • 1 Bed
  • 1 Bath
2 Central Avenue, Waretown, NJ, 08758 Listing by David Lazaro
Unit for rent at 290 N Main Street, Barnegat, NJ, 08005

$1,950 /mo

  • 1 Bed
  • 1 Bath
  • 5,276 ft²
290 N Main Street #12, Barnegat, NJ, 08005 Listing by Ashley Gable

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Toni A Gleason, Weichert Realtors-Forked River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21932534
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 61 Oregon Avenue built and last sold?
The property at 61 Oregon Avenue was built in 1955 and last sold on Nov 1, 2019 for $177,500.
How much is this home worth?
The estimated value of the home located at 61 Oregon Avenue is $0.
What are some comparable homes to 61 Oregon Avenue?
There are currently no comparable homes to 61 Oregon Avenue.
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