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Ocean Acres 08050
679 Cutter Lane
$674,500
● House - Off Market

679 Cutter Lane

Manahawkin, NJ 08050
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,400 Ft²
$3,580
Est. Monthly

About This Property

NEW CONSTRUCTION by PKN Development. This stunning Contemporary Colonial boasts modern finishes and designs. It features a gourmet kitchen with a breakfast area, alongside a spacious Family room. First Floor features 5th Bedroom/Office & Full Bathroom. Upstairs, there are 4 bedrooms including a large master bedroom with a full bath, equipped with a soaking tub and oversized custom shower, walk-in closet, and an additional private room with 2 closets, ideal for multiple uses. The property also offers a full basement, a 2-car garage, and a bonus room on the third floor. Beautiful, thoughtful touches are evident throughout the home. Backyard offers plenty of room for a pool.
Unit Size
3,400 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$214
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #22401623)

Price History

Date / Event Date Event Price
Apr 8, 2024 Sold
Premium
Sold
Jan 18, 2024 Listed by VRI Homes $729,000
Listed by VRI Homes

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 1

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735001

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 31
  • Parcel: 31 00044- 210-00019
  • Block: 44.210
  • Lot: 19
  • Municipality: STAFFORD TWP
  • Latitude: 39.7451
  • Longitude: -74.2755

    Address

  • Full Address: 679 Cutter Ln
  • Address - House Number: 679
  • Address - Street Name: Cutter
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C010
  • 4-Digit Zip Code: 4827
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $145,006

    Market Valuation

  • Market Total Value: $61,600
  • Market Land Value: $61,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,600
  • Assessed Land Value: $61,600

    Sales

  • Current Sale Contract Date: Feb 26, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15195
  • Previous Sale Recording Date: Mar 21, 2023
  • Previous Sale Contract Date: Mar 13, 2023
  • Previous Sale Amount: $130,000
  • 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 Ocean Acres

Stats & Trends

Median Asking:

$559,000

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1553 ft²

Average Home Age

27.1 years

Currently For Sale

54 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

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MOMMLS

Listed by: Lawrence Vecchio, VRI Homes
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22401623
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 679 Cutter Lane built and last sold?
The property at 679 Cutter Lane was built in and last sold on Feb 26, 2024 for $754,500.
How much is this home worth?
The estimated value of the home located at 679 Cutter Lane is $736,290.
What are some comparable homes to 679 Cutter Lane?
There are currently no comparable homes to 679 Cutter Lane.
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