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Barnegat 08005
86 Gunning River Road
$55,000
● Land - Off Market

86 Gunning River Road

Barnegat, NJ 08005
bedrooms
Studio
bathrooms
0 Bath
$57,202
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Great opportunity to build your new home! This buildable lot is close to the GSP, schools, shopping and beaches. Variance on file.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8
HOA Dues
-
Year Built
-

Payment Calculator

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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 #22215286)

Price History

Date / Event Date Event Price
Sep 19, 2022 Sold
Premium
Sold
May 20, 2022 Listed by RE/MAX Revolution $55,000
Listed by RE/MAX Revolution

Property Highlights

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: 6,098
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • 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: V
  • Land Acres: 0000000140
  • Standard Land Use Code: 8000
  • County Land Use Code: 1

Neighborhood

  • School District Name: Barnegat Township School District
  • Census Tract: 734003

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 94
  • District: 01
  • Parcel: 01 00187-0000-00001
  • Block: 187
  • Lot: 1
  • Municipality: BARNEGAT TWP
  • Latitude: 39.7455
  • Longitude: -74.2384

    Address

  • Full Address: 86 Gunning River Rd
  • Address - House Number: 86
  • Address - Street Name: Gunning River
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Barnegat
  • Carrier Code: R012
  • 4-Digit Zip Code: 1723
  • Zip Code: 08005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,860
  • Initial Tax Delinquent Year: 2017

    Market Valuation

  • Market Total Value: $3,500
  • Market Land Value: $3,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,500
  • Assessed Land Value: $3,500

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 102364
  • Previous Sale Recording Date: Mar 25, 2004
  • Previous Sale Contract Date: Mar 22, 2004
  • Previous Sale Amount: $24,900
  • 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 Barnegat

Stats & Trends

Median Asking:

$474,500

Sale Price/ft²

$249

Below Asking

0.02%

Average Days on Market

77

Average Home Size

2292 ft²

Average Home Age

69 years

Currently For Sale

12 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 770 Lighthouse Drive, Barnegat, NJ, 08005

$1,985 /mo

  • 2 Beds
  • 2 Baths
  • 1,185 ft²
770 Lighthouse Drive #J, Barnegat, NJ, 08005 Listing by Joy Bearden

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gabriella Lisi, RE/MAX Revolution
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22215286
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 86 Gunning River Road built and last sold?
The property at 86 Gunning River Road was built in and last sold on Sep 13, 2022 for $55,000.
How much is this home worth?
The estimated value of the home located at 86 Gunning River Road is $55,550.
What are some comparable homes to 86 Gunning River Road?
There are currently no comparable homes to 86 Gunning River Road.
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