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Ocean
1027 Laurel Boulevard
$585,000
● House - Off Market

1027 Laurel Boulevard

Lanoka Harbor, NJ 08734
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,400 Ft²
$676,792
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Unpack your bags and move right in to this lovingly cared for 4 bedroom, 2 full bath contemporary waterfront with southern exposure and private, calming views of wide lagoon and nature preserve.  Interior offers open floor plan to enjoy views from front to back of home. Wide kitchen counter opens to dining room & large sunken living room with stone wall fireplace for chilly evenings and wall to wall windows with slider to paver patio, dock & newer vinyl bulkhead. Enjoy the expansive upper balcony while sipping your favorite beverage and watching the sun or moon rise or set. Quick access to Barnegat Bay from lagoon with Tices Shoal and Island Beach State Park straight across...Hurry for this one!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$237
Property Type
House
Property Taxes
$732
HOA Dues
-
Year Built
1970

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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 #22106095)

Price History

Date / Event Date Event Price
May 21, 2021 Sold
Premium
Sold
Mar 3, 2021 Listed by RE/MAX New Beginnings Realty-Toms River $569,000
Listed by RE/MAX New Beginnings Realty-Toms River

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,316
  • Building Area: 2,316
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,316
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 45
  • Account Number: 00052887
  • District: 13
  • Parcel: 13 00824-0000-00004
  • Block: 824
  • Lot: 4
  • Municipality: LACEY TWP
  • Latitude: 39.8598
  • Longitude: -74.144

    Address

  • Full Address: 1027 Laurel Blvd
  • Address - House Number: 1027
  • Address - Street Name: Laurel
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R002
  • 4-Digit Zip Code: 2722
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $983,952

    Appraisal Valuation

  • Standard Deviation: 0.2113
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 753,108
  • High Value: 912,293
  • Low Value: 593,924

    Market Valuation

  • Market Total Value: $434,800
  • Market Land Value: $175,500
  • Market Improvement Value: $259,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,800
  • Assessed Land Value: $175,500
  • Assessed Improvements Value: $259,300

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021087752
  • Previous Sale Recording Date: May 31, 1991
  • Previous Sale Contract Date: May 31, 1991
  • Previous Sale Amount: $200,000
  • 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

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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 435 Laurel Boulevard, Lanoka Harbor, NJ, 08734

$4,700 /mo

  • 4 Beds
  • 2 Baths
  • 2,556 ft²
435 Laurel Boulevard, Lanoka Harbor, NJ, 08734 Listing by Ronald J Stoner
Unit for rent at 262 Evergreen Drive, Bayville, NJ, 08721

$4,750 /mo

  • 4 Beds
  • 2 Baths
  • 1,904 ft²
262 Evergreen Drive, Bayville, NJ, 08721 Listing by Paul G Cook

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Cynthia Leonard, RE/MAX New Beginnings Realty-Toms River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22106095
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 1027 Laurel Boulevard built and last sold?
The property at 1027 Laurel Boulevard was built in 1970 and last sold on May 13, 2021 for $585,000.
How much is this home worth?
The estimated value of the home located at 1027 Laurel Boulevard is $0.
What are some comparable homes to 1027 Laurel Boulevard?
There are currently no comparable homes to 1027 Laurel Boulevard.
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