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Ocean 08731
1208 Lakeside Drive S
$355,000
● House - Off Market

1208 Lakeside Drive S

Forked River, NJ 08731
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,090 Ft²
$368,300
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

*Back on Market- BUYER FINACING FELL THROUGH* WELCOME HOME! This MOVE-IN ready Home is Very conveniently located near all shopping & the parkway! Walking distance to the lakes! This home offers 5 LARGE bedrooms and 2.5 bathrooms! *Could be used as a mother daughter or space for a first floor in-law suite!* Walking through the front door, beautifully done NEW vinyl flooring throughout living room and kitchen. 3 of the bedrooms are down the hall off of the first living room. Eat in Kitchen w/ large pantry. Kitchen opens up to your backroom/family room, lots of space for entertainment. Massive 1st floor bedroom towards the back of the home. Upstairs is your own PRIVATE MASTER Bedroom with your own bathroom and plenty of closet space. Home very deceiving from the outside.
Unit Size
2,090 Ft²
Days on Market
46 days
Land Size
0.14 acres
Price per sqft
$167
Property Type
House
Property Taxes
$408
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: 2 years ago (MOMLS #22221052)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Jul 6, 2022 Listed by RE/MAX Revolution $349,000
Listed by RE/MAX Revolution

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • 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: 6,120
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,090
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 51,52

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732004

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 15
  • Account Number: 00066933
  • District: 13
  • Parcel: 13 01136-0000-00050
  • Block: 1136
  • Lot: 50
  • Municipality: LACEY TWP
  • Latitude: 39.8365
  • Longitude: -74.1999

    Address

  • Full Address: 1208 Lakeside Dr S
  • Address - House Number: 1208
  • Street Segment Direction: S
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4425
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,313

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 451,548
  • High Value: 549,147
  • Low Value: 353,949

    Market Valuation

  • Market Total Value: $220,200
  • Market Land Value: $60,400
  • Market Improvement Value: $159,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,200
  • Assessed Land Value: $60,400
  • Assessed Improvements Value: $159,800

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 123594
  • Previous Sale Recording Date: Oct 06, 1989
  • Previous Sale Contract Date: Oct 06, 1989
  • Previous Sale Amount: $95,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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

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MOMMLS

Listed by: Summit Tognetti, RE/MAX Revolution
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22221052
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 1208 Lakeside Drive South built and last sold?
The property at 1208 Lakeside Drive South was built in 1970 and last sold on Nov 10, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 1208 Lakeside Drive South is $0.
What are some comparable homes to 1208 Lakeside Drive South?
There are currently no comparable homes to 1208 Lakeside Drive South.
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