Market Research Report: 159 Old Orchard Ln

Background

159 Old Orchard Ln is a residential property located in Ocean Township, New Jersey. The property is a townhouse built in 1988, featuring 3 bedrooms, 2.1 bathrooms, and approximately 1,761 square feet of living space. It is part of The Manor @ Wayside community, which offers amenities such as a swimming pool, tennis courts, and a clubhouse. The property is situated in close proximity to shopping centers, restaurants, and beaches, enhancing its appeal to potential residents.

Key Strategic Focus

The property's strategic focus is on providing comfortable and convenient living spaces within a well-maintained community. Its location in Ocean Township offers residents access to a variety of local amenities and attractions, making it an attractive option for individuals and families seeking a balanced lifestyle.

Financials and Funding

The property was listed for rent at $2,800 per month as of May 2020. The rental terms included a security deposit of $4,200 and required tenants to cover utilities such as electricity, gas, water, and sewer. The property was previously sold on August 30, 2019, for $33,600, reflecting a significant increase from its listing price of $2,800 in July 2019.

Pipeline Development

As a residential property, 159 Old Orchard Ln does not have a pipeline of products or services. However, its location within The Manor @ Wayside community suggests potential for future developments or enhancements to community amenities, which could increase property value and appeal.

Technological Platform and Innovation

The property does not have proprietary technologies or scientific methodologies associated with it. However, its inclusion in The Manor @ Wayside community indicates access to modern amenities and infrastructure, contributing to a comfortable living environment.

Leadership Team

As a residential property, 159 Old Orchard Ln does not have a leadership team. Management and maintenance responsibilities are likely handled by a property management company or homeowners association associated with The Manor @ Wayside community.

Competitor Profile

Market Insights and Dynamics

The residential real estate market in Ocean Township, New Jersey, is characterized by a mix of single-family homes, townhouses, and condominiums. The area's proximity to the Jersey Shore and urban centers like New York City makes it a desirable location for both permanent residents and seasonal occupants. The market has experienced fluctuations in property values and rental rates, influenced by broader economic conditions and local developments.

Competitor Analysis

Key competitors in the area include other residential communities offering similar amenities and proximity to local attractions. Properties such as those in the nearby Wayside community and other townhouses in Ocean Township provide comparable living spaces and amenities. The competitive landscape is influenced by factors such as property condition, community features, and market demand.

Strategic Collaborations and Partnerships

As a residential property, 159 Old Orchard Ln does not engage in strategic collaborations or partnerships. However, its location within The Manor @ Wayside community suggests potential for collaboration with local businesses and service providers to enhance resident experiences.

Operational Insights

The property's operational considerations include maintenance of common areas, management of community amenities, and adherence to local regulations. Effective property management is essential to maintain the property's appeal and value in the competitive Ocean Township real estate market.

Strategic Opportunities and Future Directions

Future opportunities for 159 Old Orchard Ln may involve property upgrades, community enhancements, or strategic marketing initiatives to attract a broader range of potential tenants or buyers. Staying informed about local real estate trends and community developments will be crucial for leveraging these opportunities.