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Ocean 08731
1215 Cypress Place
$298,000
● House - Off Market

1215 Cypress Place

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
$1,747
Est. Monthly
7.71%
Cap Rate

About This Property

Welcome to 1215 Cypress Place in the Barnegat Pines section of Lacey Township! Just minutes from Barnegat Bay, bay beaches, and local marinas, this home places you right near the best of the Jersey Shore lifestyle. Spend your days boating, kayaking, or relaxing by the water-it's all within reach. Also walkable to lakes, playgrounds, and shopping, with easy access to major roads for commuting. Whether you're a first-time buyer, retiree, or seeking a summer escape, this home offers flexibility to move in, expand, or renovate. Live close to the shore and enjoy all it has to offer!
Unit Size
-
Days on Market
75 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1963

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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: 12 months ago (MOMLS #22523711)

Price History

Date / Event Date Event Price
Oct 21, 2025 Sold
Premium
Sold
Sep 10, 2025 In contract -
In contract
Aug 7, 2025 Listed by C21/ Action Plus Realty $299,000
Listed by C21/ Action Plus Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 780
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 780
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 2

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 58
  • Account Number: 00065767
  • District: 13
  • Parcel: 13 01127-0000-00001
  • Block: 1127
  • Lot: 1
  • Municipality: LACEY TWP
  • Latitude: 39.8323
  • Longitude: -74.2035

    Address

  • Full Address: 1215 Cypress Pl
  • Address - House Number: 1215
  • Address - Street Name: Cypress
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4529
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $298,037

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 288,521
  • High Value: 344,349
  • Low Value: 232,693

    Market Valuation

  • Market Total Value: $131,700
  • Market Land Value: $79,000
  • Market Improvement Value: $52,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,700
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $52,700
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

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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 429 Tappan Street, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
429 Tappan Street, Forked River, NJ, 08731 Listing by Mary Albanese
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: Felicia Finn, C21/ Action Plus Realty
Last Updated: 12 months ago
Data Source: MOMMLS, MLS# 22523711
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 1215 Cypress Place built and last sold?
The property at 1215 Cypress Place was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1215 Cypress Place is $0.
What are some comparable homes to 1215 Cypress Place?
There are currently no comparable homes to 1215 Cypress Place.
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