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Ocean 08533
8 Letitia Drive
$400,000
● House - Off Market

8 Letitia Drive

New Egypt, NJ 08533
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,551 Ft²
$652,212
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Colonial with front porch, 4 generous size Bdrms, 2.5Bths, 2Car SIDE ENTRY garage, w/a FULL BASEMENT,& LARGE LOT. This home is in a beautiful development. 2 Story foyer w/hardwood floors. Din rm off to the side leads into the kit w/an abundance of cabinets & counterspace. Center island for more storage! Brkfst nook w/sliders to a deck & a great backyard. HALF wall in kitchen overlooks a sunken Family room w/a fireplace.One step up off the family room is a LOVELY Living room!MSTR SUITE w/sitting rm on suite full bath & walk in closet!
Unit Size
2,551 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$160
Property Type
House
Property Taxes
$770
HOA Dues
-
Year Built
2001

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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 #21718569)

Price History

Date / Event Date Event Price
Aug 29, 2017 Sold
Premium
Sold
May 9, 2017 Listed by C21/ Cataneo & Associates $409,000
Listed by C21/ Cataneo & Associates

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,216
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 2,551
  • Building Area: 2,551
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,551
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Plumsted Township School District
  • Census Tract: 718000

Zoning

  • Zoning: RA2

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 24
  • Parcel: 24 00075- 01-00004
  • Block: 75.01
  • Lot: 4
  • Municipality: PLUMSTED TWP
  • Latitude: 40.0781
  • Longitude: -74.5009

    Address

  • Full Address: 8 Letitia Dr
  • Address - House Number: 8
  • Address - Street Name: Letitia
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: New Egypt
  • Carrier Code: R003
  • 4-Digit Zip Code: 2537
  • Zip Code: 08533

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,015,760

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 669,062
  • High Value: 798,466
  • Low Value: 539,657

    Market Valuation

  • Market Total Value: $366,700
  • Market Land Value: $110,400
  • Market Improvement Value: $256,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366,700
  • Assessed Land Value: $110,400
  • Assessed Improvements Value: $256,300

    Sales

  • Current Sale Contract Date: Aug 23, 2017
  • Current Sale Recording Date: Sep 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017093747
  • Previous Sale Recording Date: Mar 12, 2001
  • Previous Sale Contract Date: Jan 12, 2001
  • Previous Sale Amount: $234,010
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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

Rentals Near You

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MOMMLS

Listed by: Christine Lundberg, C21/ Cataneo & Associates
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21718569
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 8 Letitia Drive built and last sold?
The property at 8 Letitia Drive was built in 2001 and last sold on Aug 23, 2017 for $400,000.
How much is this home worth?
The estimated value of the home located at 8 Letitia Drive is $436,490.
What are some comparable homes to 8 Letitia Drive?
There are currently no comparable homes to 8 Letitia Drive.
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