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Ocean 08731
1207 Varuna Drive
$350,000
● House - Off Market

1207 Varuna Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,880 Ft²
$665,303
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Looking for a ''new family'' to make memories in this ''built with love'' waterfront home in Forked River. Raised ranch on pilings, first floor entrance way, laundry room and garage. Second floor features large living room with woodburning fireplace and slider out to deck, dining area and newer kitchen with large pantry. Enjoy breakfast in bed, open sliders to lagoon views. Two more bedrooms and another 1.5 bathrooms. Waterviews from almost every window. Beautifully landscaped stoned yard, little maintenance. Stop by, you will not be disappointed.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$727
HOA Dues
-
Year Built
1987

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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 #21524485)

Price History

Date / Event Date Event Price
Nov 23, 2015 Sold
Premium
Sold
Jun 22, 2015 Listed by Coldwell Banker Riviera Realty $375,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,880
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: 00043430
  • District: 13
  • Parcel: 13 00480-0000-00008
  • Block: 480
  • Lot: 8
  • Municipality: LACEY TWP
  • Latitude: 39.8443
  • Longitude: -74.1487

    Address

  • Full Address: 1207 Varuna Dr
  • Address - House Number: 1207
  • Address - Street Name: Varuna
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2022
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $958,381

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 696,612
  • High Value: 844,524
  • Low Value: 548,701

    Market Valuation

  • Market Total Value: $423,500
  • Market Land Value: $237,100
  • Market Improvement Value: $186,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,500
  • Assessed Land Value: $237,100
  • Assessed Improvements Value: $186,400

    Sales

  • Current Sale Contract Date: Nov 23, 2015
  • Current Sale Recording Date: Nov 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015120292
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1586 ft²

Average Home Age

35.2 years

Currently For Sale

3027 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 1706 Compass Drive, Forked River, NJ, 08731

$2,850 /mo

  • 3 Beds
  • 1 Bath
  • 813 ft²
1706 Compass Drive, Forked River, NJ, 08731 Listing by Kenneth Nilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Karen Vilardi, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21524485
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 1207 Varuna Drive built and last sold?
The property at 1207 Varuna Drive was built in 1987 and last sold on Nov 23, 2015 for $350,000.
How much is this home worth?
The estimated value of the home located at 1207 Varuna Drive is $0.
What are some comparable homes to 1207 Varuna Drive?
There are currently no comparable homes to 1207 Varuna Drive.
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