$379,000
●
House -
Off Market
1003 Sarasota Drive
Forked River, NJ 08731
2 Beds
1 Bath
864 Ft²
$381,938
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Forked River - Welcome home to this cozy 2 bedroom, 1
bathroom ranch home attached 1 car garage with washer and dryer in
the township of Lacey. Access to a deep lagoon and only
minutes to Barnegat Bay. Don't fight the traffic, with your
vinyl bulkhead and 75' of wooden dock with electric & Water. Enjoy
traveling by boat or jet ski North to Seaside or South to
LBI, Brigantine and Atlantic City. Spend the day on the Bay, in the
Atlantic Ocean or exploring the Mullica River. Plenty of
Dockable restaurants to enjoy along the way. Enjoy water views from
your dock , back yard or deck. Great location for boating,
kayaking, fishing, wave runners and more. This year round home is
ready waiting for you or with a little TLC you can make it
your own. The outside has potential and with the large existing
deck you can make it your own private oasis. Grocery stores,
restaurants, shops and the Garden State Parkway all within
minutes away.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$439
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1972
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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 #22304060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Mar 10, 2023 | In contract | - | |
| In contract | |||
| Feb 14, 2023 | Listed by Keller Williams Atlantic Shore | $379,000 | |
| Listed by Keller Williams Atlantic Shore | |||
| | |||
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Forked River - Welcome home to this cozy 2 bedroom, 1 bathroom ranch home attached 1 car garage with washer and dryer in the township of Lacey. Access to a deep lagoon and only minutes to Barnegat Bay. Don't fight the traffic, with your vinyl bulkhead and 75' of wooden dock with electric and water. Enjoy traveling by boat or jet ski North to Seaside or South to LBI, Brigantine and Atlantic City. Spend the day on the Bay, in the Atlantic Ocean or exploring the Mullica River. Plenty of Dockable restaurants to enjoy along the way. Enjoy water views from your dock , back yard or deck. Great location for boating, kayaking, fishing, wave runners and more. This year round home is ready waiting for you or with a little TLC you can make it your own. The outside has potential and with the large existing deck you can make it your own private oasis. Grocery stores, restaurants, shops and the Garden State Parkway all within minutes away.
| |||
Property Highlights
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Forked River
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Listed by: Joseph Wright, Keller Williams Atlantic Shore
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22304060
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.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22304060
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