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Forked River 08731
10 Jones Road
$410,000
● House - Off Market

10 Jones Road

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,141 Ft²
$2,046
Est. Monthly
9.36%
Cap Rate

About This Property

WOW what an amazing property! This charming 3 Bedroom home has some unique features including a Newer Eat-in Kitchen with wood flooring, granite countertops, island with barstools, recessed lighting, newer stainless steel appliances & sliders leading to the wrap around deck. Laundry Rm with tile flooring & lots of shelving. Spacious Family Rm with wood flooring & french doors leading to your covered deck w/recessed lighting. Dining Rm with wood burning stove,wood flooring & sliders. Upstairs offers a charming 3rd Bedroom, additional huge attic/loft space waiting to be finished & lots of storage space. Outside offers  a 16x32 InGround Pool (chlorine) wrap around decking Trex with vinyl rails; electric awning; Detached Huge Garage w/storage above & other sheds, Gazebo & storage buildings.
Unit Size
1,141 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$289
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1920

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 #22406857)

Price History

Date / Event Date Event Price
Apr 5, 2024 Sold
Premium
Sold
Mar 13, 2024 Listed by Weichert Realtors-Freehold $330,000
Listed by Weichert Realtors-Freehold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 1,140
  • Building Area: 1,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,140
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R80

Geography

  • Assessors Map Reference: TAX MAP 23
  • Account Number: 00027531
  • District: 13
  • Parcel: 13 00315-0000-00019
  • Block: 315
  • Lot: 19
  • Municipality: LACEY TWP
  • Latitude: 39.8402
  • Longitude: -74.189

    Address

  • Full Address: 10 Jones Rd
  • Address - House Number: 10
  • Address - Street Name: Jones
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R016
  • 4-Digit Zip Code: 3613
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $510,080

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 330,833
  • High Value: 360,661
  • Low Value: 301,005

    Market Valuation

  • Market Total Value: $225,400
  • Market Land Value: $104,500
  • Market Improvement Value: $120,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,400
  • Assessed Land Value: $104,500
  • Assessed Improvements Value: $120,900

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4936
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 Forked River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1795 ft²

Average Home Age

46.7 years

Currently For Sale

30 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 1201 Penguin Court, Forked River, NJ, 08731

$3,350 /mo

  • 2 Beds
  • 1 Bath
  • 992 ft²
1201 Penguin Court, Forked River, NJ, 08731 Listing by Rosemary Cahalane
Unit for rent at 101 Maria Loretta Lane, Forked River, NJ, 08731

$3,000 /mo

  • 3 Beds
  • 2 Baths
101 Maria Loretta Lane #101, Forked River, NJ, 08731 Listing by William R Hagan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eva Ling, Weichert Realtors-Freehold
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22406857
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 10 Jones Road built and last sold?
The property at 10 Jones Road was built in 1920 and last sold on Jan 19, 2024 for $147,304.
How much is this home worth?
The estimated value of the home located at 10 Jones Road is $338,179.
What are some comparable homes to 10 Jones Road?
There are currently no comparable homes to 10 Jones Road.
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