$399,350
●
House -
Off Market
7 Shelli Terrace
Barnegat, NJ 08005
3 Beds
2 Baths
1,032 Ft²
$2,272
Est. Monthly
About This Property
Barnegat, NJ - Welcome to 7 Shelli Terrace. Ideal for a first-time
home buyer or those looking to downsize, this well-maintained ranch
offers comfortable one-level living. This warm and inviting
three-bedroom, two-bathroom home features a functional and open
layout designed for both everyday living and entertaining. The
spacious living room flows into the eat-in kitchen, which offers an
island and ample counter space. A full appliance package is
included for added convenience. Adjacent living areas provide easy
access to the backyard, enhancing indoor-outdoor use for gatherings
or quiet enjoyment. The primary bedroom includes a private full
bathroom and closet space. Additional bedrooms offer flexibility
for guests or a home office. Recent updates include a newer central
air conditioning system and furnace. Exterior features include
outdoor space suitable for entertaining or relaxation. Conveniently
located close to shopping, dining, and area beaches, and a short
ride to Long Beach Island to enjoy the Jersey Shore lifestyle.
Unit Size
1,032 Ft²
Days on Market
84 days
Land Size
0.13 acres
Price per sqft
$363
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1994
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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: 6 months ago (MOMLS #22601479)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by RE/MAX of Long Beach Island | $375,000 | |
| Listed by RE/MAX of Long Beach Island | |||
| Jan 4, 2025 | Price Decreased |
$425,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Dec 12, 2024 | Listed | $430,000 | |
| Listed | |||
| | |||
|
Discover the charm of this hard-to-find well-maintained ranch home in Barnegat.
Wake up every morning and enjoy the peaceful view of the wooded area and trees that sit directly across the street.
Beautifully landscaped front yard with custom made paver walkway and paver double driveway.
Crown molding in the living room, hallway and entrance of kitchen.
The Master Bedroom contains a walk-in closet and bathroom.
Hard wood floors in 2 of the 3 bedrooms. Bathrooms and kitchen have tile flooring.
Brand new central air conditioning system and furnace.
A raised paver patio and paver walkway in backyard makes it a great gathering place for family and friends to enjoy barbecues, birthdays and more.
Minutes from shopping, beaches, and restaurants
| |||
Property Highlights
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Patricia M Romano, RE/MAX of Long Beach Island
Last Updated: 6 months ago
Data Source: MOMMLS, MLS# 22601479
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.
Last Updated: 6 months ago
Data Source: MOMMLS, MLS# 22601479
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