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Ocean
1203 Laurel Boulevard
$610,000
● House - Off Market

1203 Laurel Boulevard

Lanoka Harbor, NJ 08734
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,196 Ft²
$608,736
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

An open floorplan with an updated gorgeous kitchen and bath.  Newly renovated Family Room.  Location is great with lots of open water and near beautiful homes as well. Energy Efficient heating as per NJNG with blown-in insulation. Newer roof 3/22. New Tankless hot water heater done  4/22.  Renovations from 2020 include painting, newer interior doors and hardware , new Mannington LVP flooring, ceramic tiles in family room, new stone wall and contemporary electric fireplace ( gas hookup still in place).
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$497
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1962

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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 #22215635)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 23, 2022 Listed by RE/MAX at Barnegat Bay $595,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 5,220
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,196
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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 46
  • Account Number: 00054334
  • District: 13
  • Parcel: 13 00840-0000-00032
  • Block: 840
  • Lot: 32
  • Municipality: LACEY TWP
  • Latitude: 39.8602
  • Longitude: -74.1331

    Address

  • Full Address: 1203 Laurel Blvd
  • Address - House Number: 1203
  • Address - Street Name: Laurel
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R002
  • 4-Digit Zip Code: 2905
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $538,368

    Appraisal Valuation

  • Standard Deviation: 0.2121
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 497,170
  • High Value: 602,629
  • Low Value: 391,711

    Market Valuation

  • Market Total Value: $271,000
  • Market Land Value: $144,300
  • Market Improvement Value: $126,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $271,000
  • Assessed Land Value: $144,300
  • Assessed Improvements Value: $126,700

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 81884
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 255 Pine Drive, Bayville, NJ, 08721

$3,000 /mo

  • 3 Beds
  • 2 Baths
255 Pine Drive, Bayville, NJ, 08721 Listing by Patricia A Karnatski

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rosa Mazzei, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22215635
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 1203 Laurel Boulevard built and last sold?
The property at 1203 Laurel Boulevard was built in 1962 and last sold on Jul 11, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 1203 Laurel Boulevard is $0.
What are some comparable homes to 1203 Laurel Boulevard?
There are currently no comparable homes to 1203 Laurel Boulevard.
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