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Ocean 08758
93 Lighthouse Drive
$72,500
● House - Off Market

93 Lighthouse Drive

Waretown, NJ 08758
bedrooms
2 Beds
bathrooms
1 Bath
$175,421
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Lovely Ranch with lots of potential. Great investment or starter home!
Unit Size
-
Days on Market
43 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1954

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: 2 years ago (MOMLS #21317958)

Price History

Date / Event Date Event Price
Jul 5, 2013 Sold
Premium
Sold
May 21, 2013 Listed by RE/MAX On the Move Realty $90,000
Listed by RE/MAX On the Move Realty
Oct 16, 2012 Sold
Premium
Sold
Jun 26, 2012 Listed by C21/ Value Plus Realty $62,900
Listed by C21/ Value Plus Realty
Ranch would be great investment or starter. Home needs work but has lots of potential. Note low taxes.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 600
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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 16
  • District: 21
  • Parcel: 21 00113-0000-00010
  • Block: 113
  • Lot: 10
  • Municipality: OCEAN TWP
  • Latitude: 39.8017
  • Longitude: -74.187

    Address

  • Full Address: 93 Lighthouse Dr
  • Address - House Number: 93
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Waretown
  • Carrier Code: R801
  • 4-Digit Zip Code: 1912
  • Zip Code: 08758

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $225,775

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 209,747
  • High Value: 256,955
  • Low Value: 162,540

    Market Valuation

  • Market Total Value: $103,900
  • Market Land Value: $59,500
  • Market Improvement Value: $44,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,900
  • Assessed Land Value: $59,500
  • Assessed Improvements Value: $44,400

    Sales

  • Current Sale Contract Date: Dec 13, 2019
  • Current Sale Recording Date: Dec 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019133597
  • Previous Sale Recording Date: Dec 03, 2019
  • Previous Sale Contract Date: May 23, 2017
  • Previous Sale Amount: $117,500
  • Previous Sale Document Type: 61
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

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Avigail Josilowsky, RE/MAX On the Move Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21317958
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 93 Lighthouse Drive built and last sold?
The property at 93 Lighthouse Drive was built in 1954 and last sold on Dec 13, 2019 for $84,000.
How much is this home worth?
The estimated value of the home located at 93 Lighthouse Drive is $0.
What are some comparable homes to 93 Lighthouse Drive?
There are currently no comparable homes to 93 Lighthouse Drive.
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