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Ocean Acres 08050
9B Walnut Road
$67,000
● House - Off Market

9B Walnut Road

Manahawkin, NJ 08050
bedrooms
2 Beds
bathrooms
1 Bath
$101,991
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Fawn Lakes community Quad attached home has 2 bedrooms & 1 bath. Car port & driveway for parking. This 55+ community features clubhouse, pool, close to shopping, transportation, Atlantic City and LBI. Home being sold in ''as is'' condition.
Unit Size
-
Days on Market
102 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$121
HOA Dues
$144
Year Built
1977

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21925640)

Price History

Date / Event Date Event Price
Jan 14, 2020 Sold
Premium
Sold
Jun 20, 2019 Listed by Patrick Parker Realty $69,999
Listed by Patrick Parker Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • 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: 987
  • Total Building Area: 1,075
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAWN LAKES CONDO A SEC 01
  • Land Acres: 0000000022
  • Standard Land Use Code: 1004
  • County Land Use Code: 2

Neighborhood

  • School District Name: Stafford Township School District
  • Census Tract: 735001

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: TAX MAP 16
  • District: 31
  • Parcel: 31 00040-0000-00002-0000-C08B
  • Block: 40
  • Lot: 2
  • Municipality: STAFFORD TWP
  • Latitude: 39.7473
  • Longitude: -74.3046

    Address

  • Full Address: 9b Walnut Rd
  • Address - House Number: 9b
  • Address - Street Name: Walnut
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Manahawkin
  • Carrier Code: C006
  • 4-Digit Zip Code: 4934
  • Zip Code: 08050

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $157,483

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 148,186
  • High Value: 180,754
  • Low Value: 115,617

    Market Valuation

  • Market Total Value: $66,900
  • Market Land Value: $15,000
  • Market Improvement Value: $51,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,900
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $51,900

    Sales

  • Current Sale Contract Date: Jan 10, 2020
  • Current Sale Recording Date: Jan 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020005047
  • Previous Sale Recording Date: Mar 05, 2010
  • Previous Sale Contract Date: Feb 23, 2010
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 27
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 Acres

Stats & Trends

Median Asking:

$559,900

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

70

Average Home Size

1606 ft²

Average Home Age

26.6 years

Currently For Sale

59 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 104 Nautilus Drive, Manahawkin, NJ 08050

$3,000 /mo

  • 4 Beds
  • 1.5 Baths
104 Nautilus Drive, Manahawkin, NJ 08050 Listing by DITH PAUL

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Daniel C Black, Patrick Parker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21925640
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 9B Walnut Road built and last sold?
The property at 9B Walnut Road was built in 1977 and last sold on Jan 10, 2020 for $67,000.
How much is this home worth?
The estimated value of the home located at 9B Walnut Road is $70,699.
What are some comparable homes to 9B Walnut Road?
There are currently no comparable homes to 9B Walnut Road.
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