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Forked River 08731
1204 Pensacola Road
$115,000
● House - Off Market

1204 Pensacola Road

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,026 Ft²
$208,548
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Short Sale. Sold As-is. Foundation work needed. No Sandy damage. Lot's of potential here for a contractor. Adorable two bedroom home with very large rooms and closet space. Brand new roof in 2015! Home is located in a beautiful waterfront community and has a lagoon view off the front porch. Home backs to a wooded natural protected area for privacy and tranquility. Find ample storage or move your contracting business into the detached 2 car garage, with stand up loft storage. A extremely rare feature for a home under 200K! Hardwood floors gleam throughout in every room!!! Kitchen has granite counters, tile floors, and a huge pantry for storage or a space that has endless possibilities for expansion of the entire kitchen area.
Unit Size
1,026 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
$261
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 #21638691)

Price History

Date / Event Date Event Price
Jun 15, 2017 Sold
Premium
Sold
Oct 6, 2016 Listed by Childers Sotheby's Int Realty $129,900
Listed by Childers Sotheby's Int Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 2
  • 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: 4
  • 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: 1,026
  • Building Area: 1,026
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,026
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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 3.01
  • Account Number: 00002565
  • District: 13
  • Parcel: 13 00101- 06-00037
  • Block: 101.06
  • Lot: 37
  • Municipality: LACEY TWP
  • Latitude: 39.8198
  • Longitude: -74.173

    Address

  • Full Address: 1204 Pensacola Rd
  • Address - House Number: 1204
  • Address - Street Name: Pensacola
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R005
  • 4-Digit Zip Code: 5303
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $364,343

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 337,680
  • High Value: 413,585
  • Low Value: 261,774

    Market Valuation

  • Market Total Value: $161,000
  • Market Land Value: $62,000
  • Market Improvement Value: $99,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,000
  • Assessed Land Value: $62,000
  • Assessed Improvements Value: $99,000

    Sales

  • Current Sale Contract Date: Jun 15, 2017
  • Current Sale Recording Date: Jun 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017061766
  • Previous Sale Recording Date: Jan 25, 2002
  • Previous Sale Contract Date: Jan 10, 2002
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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:

$499,900

Sale Price/ft²

$337

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1749 ft²

Average Home Age

48.2 years

Currently For Sale

29 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 91 Michigan Avenue, WARETOWN, NJ, 08758

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 964 ft²
91 Michigan Avenue, WARETOWN, NJ, 08758 Listing by Edward Ramiza Jr.
Unit for rent at 115 Parker Avenue, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 680 ft²
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jared Rhine, Childers Sotheby's Int Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21638691
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 1204 Pensacola Road built and last sold?
The property at 1204 Pensacola Road was built in 1970 and last sold on Jun 15, 2017 for $115,000.
How much is this home worth?
The estimated value of the home located at 1204 Pensacola Road is $0.
What are some comparable homes to 1204 Pensacola Road?
There are currently no comparable homes to 1204 Pensacola Road.
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