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Forked River 08731
1002 Aloha Drive
$395,000
● House - Off Market

1002 Aloha Drive

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,166 Ft²
$693,673
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Custom built by the owners for their personal use, this better than new home has not yet been lived in.Located on small cul de sac street, this shows like a model. Above and beyond upgrades include granite countertops, stainless appliances, cast iron hwbb heat,2 zone central air, 9' ceilings, gas fireplace. Separate well for irrigation. Game room over garage is huge, just needs a closet for large fourth bedroom. 10 minutes to open bay, walking distance to Elks festivities.  Your search is over!
Unit Size
2,166 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$201
Property Type
House
Property Taxes
$597
HOA Dues
-
Year Built
2008

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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 #21713470)

Price History

Date / Event Date Event Price
Aug 9, 2017 Sold
Premium
Sold
Apr 5, 2017 Listed by Coldwell Banker Riviera Realty $435,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,875
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,166
  • Building Area: 2,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,166
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732104

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 00013388
  • District: 13
  • Parcel: 13 00169-0000-00006
  • Block: 169
  • Lot: 6
  • Municipality: LACEY TWP
  • Latitude: 39.8232
  • Longitude: -74.1788

    Address

  • Full Address: 1002 Aloha Dr
  • Address - House Number: 1002
  • Address - Street Name: Aloha
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R005
  • 4-Digit Zip Code: 4716
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $812,870

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 683,990
  • High Value: 829,222
  • Low Value: 538,759

    Market Valuation

  • Market Total Value: $359,200
  • Market Land Value: $133,800
  • Market Improvement Value: $225,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $359,200
  • Assessed Land Value: $133,800
  • Assessed Improvements Value: $225,400

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 27, 2017
  • Current Sale Recording Date: Aug 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017083283
  • Previous Sale Recording Date: Oct 09, 1987
  • Previous Sale Contract Date: Oct 09, 1987
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

$334

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1762 ft²

Average Home Age

45.4 years

Currently For Sale

29 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 101 Clearwater Drive, Forked River, NJ, 08731

$3,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,622 ft²
101 Clearwater Drive, Forked River, NJ, 08731 Listing by Brooke OMahony

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kathleen Zito, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21713470
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 1002 Aloha Drive built and last sold?
The property at 1002 Aloha Drive was built in 2008 and last sold on Jul 27, 2017 for $395,000.
How much is this home worth?
The estimated value of the home located at 1002 Aloha Drive is $452,619.
What are some comparable homes to 1002 Aloha Drive?
There are currently no comparable homes to 1002 Aloha Drive.
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