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Ocean 08005
7 Highland Drive
$300,000
● House - Off Market

7 Highland Drive

Barnegat, NJ 08005
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,330 Ft²
$302,859
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Welcome Home! Located in the highly desirable West Barnegat Estates of Barnegat. This amazing ranch is just steps from the Barnegat Bay. Featuring 3 Bedrooms and 1 Bathroom. Walk into an inviting family room with gorgeous floors and large windows offering tons of natural light. Spacious updated eat-in Kitchen, sliding doors leading to the backyard great for entertaining. All three main floor bedrooms are a great size with good closet space. The bathroom has been tastefully updated w/ nothing left to do! The fully fenced in backyard features a large deck making this home a Must See!
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$207
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1974

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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: 2 years ago (MOMLS #22134210)

Price History

Date / Event Date Event Price
Dec 10, 2021 Sold
Premium
Sold
Oct 19, 2021 Listed by EXP Realty $274,900
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 20,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,330
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: TC

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734005

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 01
  • Parcel: 01 00096-0000-00004
  • Block: 96
  • Lot: 4
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7643
  • Longitude: -74.2685

    Address

  • Full Address: 7 Highland Dr
  • Address - House Number: 7
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R007
  • 4-Digit Zip Code: 1206
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,780

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 384,610
  • High Value: 470,499
  • Low Value: 298,721

    Market Valuation

  • Market Total Value: $201,200
  • Market Land Value: $105,500
  • Market Improvement Value: $95,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,200
  • Assessed Land Value: $105,500
  • Assessed Improvements Value: $95,700

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021178233
  • Previous Sale Recording Date: May 09, 2006
  • Previous Sale Contract Date: Apr 27, 2006
  • Previous Sale Amount: $260,000
  • 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

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.7 years

Currently For Sale

4265 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 39 Mizzen Drive, Barnegat, NJ, 08005

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,358 ft²
39 Mizzen Drive, Barnegat, NJ, 08005 Listing by David Nilsen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Salvatore Ventre, EXP Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22134210
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 7 Highland Drive built and last sold?
The property at 7 Highland Drive was built in 1974 and last sold on Dec 8, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 7 Highland Drive is $0.
What are some comparable homes to 7 Highland Drive?
There are currently no comparable homes to 7 Highland Drive.
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