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Waretown 08758
91 Railroad Avenue
$237,000
● House - Off Market

91 Railroad Avenue

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
$231,697
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Starter home, downsizing, vacation home this adorable house suits so many buyers. Totally rebuilt 14 years ago.  Open floor plan  with  vaulted ceiling,  Kitchen with island/peninsula seating. Large pantry, microwave, gas cooking, all appliances included. Dining room currently being used as an office...Separate laundry room with door to backyard. Stackable washer and dryer included. Central Air conditioning and forced hot air gas heat. Public water and sewer. Vinyl siding. nothing to do but move in.   No disappointment here
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1955

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 #22137424)

Price History

Date / Event Date Event Price
Mar 18, 2022 Sold
Premium
Sold
Nov 21, 2021 Listed by DeFelice Realty Group, LLC $225,000
Listed by DeFelice Realty Group, LLC

Property Highlights

Air Conditioning

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: 12,300
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 732
  • Building Area: 732
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 732
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 971-1318

Neighborhood

  • School District Name: Ocean Township School District
  • Census Tract: 733002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 9
  • District: 21
  • Parcel: 21 00049-0000-00001- 02
  • Block: 49
  • Lot: 1.02
  • Municipality: OCEAN TWP
  • Latitude: 39.7873
  • Longitude: -74.2042

    Address

  • Full Address: 91 Railroad Ave
  • Address - House Number: 91
  • Address - Street Name: Railroad
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R802
  • 4-Digit Zip Code: 2718
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $349,636

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 293,643
  • High Value: 359,733
  • Low Value: 227,554

    Market Valuation

  • Market Total Value: $160,900
  • Market Land Value: $102,800
  • Market Improvement Value: $58,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,900
  • Assessed Land Value: $102,800
  • Assessed Improvements Value: $58,100

    Sales

  • Current Sale Contract Date: Mar 02, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 36550
  • Previous Sale Recording Date: Aug 27, 2007
  • Previous Sale Contract Date: Aug 14, 2007
  • Previous Sale Amount: $120,000
  • 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 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 290 N Main Street, Waretown, NJ, 08758

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 5,276 ft²
290 N Main Street #D5, Waretown, NJ, 08758 Listing by Jayda Santiago

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Carol DeFelice, DeFelice Realty Group, LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22137424
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 91 Railroad Avenue built and last sold?
The property at 91 Railroad Avenue was built in 1955 and last sold on Mar 2, 2022 for $237,000.
How much is this home worth?
The estimated value of the home located at 91 Railroad Avenue is $0.
What are some comparable homes to 91 Railroad Avenue?
There are currently no comparable homes to 91 Railroad Avenue.
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