$540,000
●
House -
Off Market
1213 Gemini Court
Forked River, NJ 08731
2 Beds
1 Bath
804 Ft²
$3,088
Est. Monthly
3.95%
Cap Rate
About This Property
Prime location in Forked River! Just a quick boat or jet-ski ride
to the Barnegat Bay & LBI inlet! This home sits on approx. 60ft of
lagoon waterfrontage w/ vinyl bulkhead, offering the true Jersey
Shore Lifestyle! The renovated kitchen features SS appliances,
updated cabinetry & granite countertops which leads into the open
living/dining space showcasing updated vinyl flooring & vaulted
ceilings. Sliding doors welcome you out to the patio w/ stunning
water views. Two spacious bedrooms, updated bath & laundry room
complete the living space. This home also features an attached 1
car garage, public water & sewer, HWBB heating. Outside you can
enjoy the covered patio for entertaining, outdoor shower for after
water activities & storage shed. Close proximity to Lacey's best
waterfront restaurants, Marinas, Lacey shopping centers, Route 9 &
more! Your Jersey Shore lifestyle awaits! Call today to schedule
your tour!
Unit Size
804 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$683
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1967
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22500496)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Jan 7, 2025 | Listed by RE/MAX at Barnegat Bay | $549,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| Feb 27, 2020 | Sold | ||
| Sold | |||
| Nov 23, 2019 | Listed by RE/MAX at Barnegat Bay | $270,000 | |
| Listed by RE/MAX at Barnegat Bay | |||
| | |||
|
First time offered For Sale this very well maintained waterfront has been updated with roofing, Siding, Windows and maintenance free stone landscaping with block paver walkways and driveway. This 2 bedroom home sits upon a 65 foot vinyl bullheaded lot, once you see this home you realize it sits both high and dry. Just 4 blocks from the open bay this you'll see why this home has been owned and occupied for over 50 years by the same seller.This homes great room has vaulted ceilings, skylites, knotty pine covered walls all with waterfront views. Come take a look this home can't be beat !!
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Forked River
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Patrick Meehan, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22500496
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22500496
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017