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Ocean 08731
1073 Montauk Drive
$310,000
● House - Off Market

1073 Montauk Drive

Forked River, NJ 08731
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,500 Ft²
$493,897
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Waterfront...More than affordable for someone looking for a fantastic colonial which features 2500' of living. No Sandy damage, & it has wonderful elevation with a brand new elevation certificate.  Flood insurance policy is $752.00 a year.  Spectacular location. Water views from every window, freshly painted, new carpeting,& newer central air units. Super sized  master suite equipped with a sitting room, full master bath, amazing balconies with gorgeous views & walk-in closet.  1 year home warranty included.  Live the lifestyle, make those priceless memories  Quick closing available
Unit Size
2,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$130
Property Type
House
Property Taxes
$676
HOA Dues
-
Year Built
1972

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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 #21805134)

Price History

Date / Event Date Event Price
Jan 31, 2019 Sold
Premium
Sold
Feb 10, 2018 Listed by Coldwell Banker Riviera Realty $324,999
Listed by Coldwell Banker Riviera Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,188
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 520
  • Total Building Area: 2,512
  • Building Area: 2,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: 00042476
  • District: 13
  • Parcel: 13 00475-0000-00019
  • Block: 475
  • Lot: 19
  • Municipality: LACEY TWP
  • Latitude: 39.8449
  • Longitude: -74.1519

    Address

  • Full Address: 1073 Montauk Dr
  • Address - House Number: 1073
  • Address - Street Name: Montauk
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 2004
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $941,409

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 798,227
  • High Value: 966,667
  • Low Value: 629,788

    Market Valuation

  • Market Total Value: $424,800
  • Market Land Value: $177,800
  • Market Improvement Value: $247,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $424,800
  • Assessed Land Value: $177,800
  • Assessed Improvements Value: $247,000

    Sales

  • Current Sale Contract Date: Jan 30, 2019
  • Current Sale Recording Date: Feb 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019015447
  • Previous Sale Recording Date: Feb 07, 2006
  • Previous Sale Contract Date: Jul 15, 2005
  • Previous Sale Amount: $495,000
  • Previous Sale Document Type: 12
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

0.19%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4635 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

Rentals Near You

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MOMMLS

Listed by: Maria A Rizzo, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21805134
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 1073 Montauk Drive built and last sold?
The property at 1073 Montauk Drive was built in 1972 and last sold on Jan 30, 2019 for $310,000.
How much is this home worth?
The estimated value of the home located at 1073 Montauk Drive is $0.
What are some comparable homes to 1073 Montauk Drive?
There are currently no comparable homes to 1073 Montauk Drive.
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