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Waretown 08758
76 Illinois Avenue
$152,000
● House - Off Market

76 Illinois Avenue

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
$167,586
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome to 76 Illinois Avenue, Waretown.  This lovely 2 bedroom, 1 bath home is just steps away to a marina making it convenient to dock your boat and enjoy all of what the Jersey Shore has to offer.  This home is located close to major highways and great water front restaurants .  Why rent when you can own your own home for a fraction of the monthly cost of renting.  Call today for your private tour.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$206
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 #22115704)

Price History

Date / Event Date Event Price
Jul 26, 2021 Sold
Premium
Sold
May 19, 2021 Listed by Berkshire Hathaway HomeServices Zack Shore Realtors $145,000
Listed by Berkshire Hathaway HomeServices Zack Shore Realtors

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: 736
  • Building Area: 736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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 00196-0000-00009
  • Block: 196
  • Lot: 9
  • Municipality: OCEAN TWP
  • Latitude: 39.7892
  • Longitude: -74.1882

    Address

  • Full Address: 76 Illinois Ave
  • Address - House Number: 76
  • Address - Street Name: Illinois
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R803
  • 4-Digit Zip Code: 2426
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $254,893

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 262,491
  • High Value: 321,569
  • Low Value: 203,413

    Market Valuation

  • Market Total Value: $117,300
  • Market Land Value: $73,500
  • Market Improvement Value: $43,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,300
  • Assessed Land Value: $73,500
  • Assessed Improvements Value: $43,800

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021110441
  • Previous Sale Recording Date: Sep 11, 2007
  • Previous Sale Contract Date: Aug 21, 2007
  • Previous Sale Amount: $150,000
  • 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:

$519,950

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1689 ft²

Average Home Age

45.4 years

Currently For Sale

11 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 1 Memorial Drive, Waretown, NJ, 08758

$2,000 /mo

  • 2 Beds
  • 1 Bath
1 Memorial Drive #203, Waretown, NJ, 08758 Listing by Ellen Hall
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 Jayda Santiago

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eileen Murphy, Berkshire Hathaway HomeServices Zack Shore Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22115704
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 76 Illinois Avenue built and last sold?
The property at 76 Illinois Avenue was built in 1955 and last sold on Jul 12, 2021 for $152,000.
How much is this home worth?
The estimated value of the home located at 76 Illinois Avenue is $146,450.
What are some comparable homes to 76 Illinois Avenue?
There are currently no comparable homes to 76 Illinois Avenue.
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