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Forked River 08731
108 Clearwater Drive
$229,900
● House - Off Market

108 Clearwater Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
$339,157
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Wow Beautiful ranch on the water with a large oversizes deck to relax and enjoy the scenery.  Home offers so much beautiful new kitchen with grantite counters, freshly painted, new ceramic tile, all new appliances, brand new roof.  A great home that can be enjoyed.  Property is sold as is with buyer responsible for all inspections and certifications.  No worries this is a great house.  Seller will pay 3% in buyer closing costs, not to exceed $8,250.00, if closed and funded by 12/05/18.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1971

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 #21834508)

Price History

Date / Event Date Event Price
May 25, 2019 Sold
Premium
Sold
Aug 29, 2018 Listed by Linda Schroeck Rlty. Group LLC $229,900
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF FORKED RIVER POINT BLOCK 7B
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 12
  • Account Number: 00018778
  • District: 13
  • Parcel: 13 00221- 01-00004
  • Block: 221.01
  • Lot: 4
  • Municipality: LACEY TWP
  • Latitude: 39.8252
  • Longitude: -74.1999

    Address

  • Full Address: 108 Clearwater Dr
  • Address - House Number: 108
  • Address - Street Name: Clearwater
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R010
  • 4-Digit Zip Code: 5117
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $692,931
  • Initial Tax Delinquent Year: 2018

    Market Valuation

  • Market Total Value: $306,200
  • Market Land Value: $178,800
  • Market Improvement Value: $127,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,200
  • Assessed Land Value: $178,800
  • Assessed Improvements Value: $127,400

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: Jun 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2019051419
  • Previous Sale Recording Date: Mar 15, 2018
  • Previous Sale Contract Date: Jan 11, 2018
  • Previous Sale Amount: $543
  • 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 Forked River

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1610 ft²

Average Home Age

42.5 years

Currently For Sale

46 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 1141 Cape May Drive, Forked River, NJ, 08731

$2,850 /mo

  • 3 Beds
  • 1 Bath
1141 Cape May Drive, Forked River, NJ, 08731 Listing by David Turton

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21834508
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 108 Clearwater Drive built and last sold?
The property at 108 Clearwater Drive was built in 1971 and last sold on May 3, 2019 for $229,900.
How much is this home worth?
The estimated value of the home located at 108 Clearwater Drive is $232,199.
What are some comparable homes to 108 Clearwater Drive?
There are currently no comparable homes to 108 Clearwater Drive.
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