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Ocean
908 Bowsprit Point
$350,000
● House - Off Market

908 Bowsprit Point

Lanoka Harbor, NJ 08734
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,450 Ft²
$523,601
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Just Bring Your Suitcases! IMMACULATE describes This 2 Bedroom 2 Full Bath Charming WATERFRONT Ranch. This home wont last long. Invite all your friends to celebrate your new home at your private TIKI BAR on a beautifully manicured landscaped yard with PAVER PATIO and 9 year young bulk heading on a wide lagoon. Just Minutes to Open Bay. Newly Renovated. Open Floor Plan with Bonus heated and cooled Great Room surrounded by windows and slider to your backyard oasis. Hardwood Flooring, Stainless Appliance Package and Granite with beautifully tiled Kitchen and Great Room. 2 CAR GARAGE has been converted to 1 Car with Private Storage and can easily be converted back. Owner only pays $850 a year for Flood Insurance.
Unit Size
1,450 Ft²
Days on Market
-
Land Size
-
Price per sqft
$238
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1973

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 #21833869)

Price History

Date / Event Date Event Price
Nov 9, 2018 Sold
Premium
Sold
Aug 24, 2018 Listed by Real Estate, LTD $345,000
Listed by Real Estate, LTD

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MINOR SUBDIVISIOM MAP
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44
  • Account Number: 00052502
  • District: 13
  • Parcel: 13 00819-0000-00004
  • Block: 819
  • Lot: 4
  • Municipality: LACEY TWP
  • Latitude: 39.8614
  • Longitude: -74.1474

    Address

  • Full Address: 908 Bowsprit Pt
  • Address - House Number: 908
  • Address - Street Name: Bowsprit
  • Address - Suffix Type: Pt
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R001
  • 4-Digit Zip Code: 2703
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $733,438

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 593,797
  • High Value: 711,938
  • Low Value: 475,655

    Market Valuation

  • Market Total Value: $324,100
  • Market Land Value: $192,500
  • Market Improvement Value: $131,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,100
  • Assessed Land Value: $192,500
  • Assessed Improvements Value: $131,600

    Sales

  • Current Sale Contract Date: Nov 09, 2018
  • Current Sale Recording Date: Nov 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018112494
  • Previous Sale Recording Date: Feb 24, 2009
  • Previous Sale Contract Date: Feb 18, 2009
  • Previous Sale Amount: $315,000
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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 218 Conifer Drive, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
218 Conifer Drive, Forked River, NJ, 08731 Listing by Lori Komsa

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Candace Golembeski, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21833869
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 908 Bowsprit Point built and last sold?
The property at 908 Bowsprit Point was built in 1973 and last sold on Nov 9, 2018 for $350,000.
How much is this home worth?
The estimated value of the home located at 908 Bowsprit Point is $350,800.
What are some comparable homes to 908 Bowsprit Point?
There are currently no comparable homes to 908 Bowsprit Point.
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