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Toms River 08755
1221 Paddock Place
$1,100,000
● House - Off Market

1221 Paddock Place

Toms River, NJ 08755
bedrooms
5 Beds
bathrooms
5 Baths
square feet
5,000 Ft²
$1,373,329
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This exquisite contemporary style home is truly one of a kind and has all the amenities you would expect to see in a home of this caliber. The home features beautiful finishes throughout that include hardwood flooring, custom molding, trey and vaulted ceilings, heated flooring, skylights, multiple fireplaces, large chefs' kitchen with multiple sinks, 6 burner gourmet stove, multiple ovens, large center island for entertaining that is overlooking the family room for the open floor plan. All of this and the master sweet has the luxury you would expect in a premier home. The property consists almost an acre of property and includes multiple patios and decks to enjoy the outside area around the pool and fenced yard This home has all the options you are looking for in a luxury estate.
Unit Size
5,000 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$240
Property Type
House
Property Taxes
$1,143
HOA Dues
-
Year Built
1984

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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 #22113924)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Keller Williams Shore Properties $1,200,000
Listed by Keller Williams Shore Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,370
  • Garage Type: 7
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,767
  • Total Building Area: 4,154
  • Building Area: 4,154
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,154
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000867
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 722100

Zoning

  • Zoning: RUR

Geography

  • Assessors Map Reference: TAX MAP 1201
  • District: 08
  • Parcel: 08 00172-0000-00008- 34
  • Block: 172
  • Lot: 8.34
  • Municipality: DOVER TWP
  • Latitude: 40.0234
  • Longitude: -74.2131

    Address

  • Full Address: 1221 Paddock Pl
  • Address - House Number: 1221
  • Address - Street Name: Paddock
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Toms River
  • Carrier Code: R018
  • 4-Digit Zip Code: 1338
  • Zip Code: 08755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,517,213

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 1,264,670
  • High Value: 1,529,583
  • Low Value: 999,757

    Market Valuation

  • Market Total Value: $909,600
  • Market Land Value: $267,000
  • Market Improvement Value: $642,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $909,600
  • Assessed Land Value: $267,000
  • Assessed Improvements Value: $642,600

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021132010
  • Previous Sale Recording Date: Oct 27, 1989
  • Previous Sale Contract Date: Oct 27, 1989
  • 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 Toms River

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$301

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1863 ft²

Average Home Age

44.9 years

Currently For Sale

553 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 1180 Cynthia Lane, Toms River, NJ, 08755

$6,500 /mo

  • 4 Beds
  • 3 Baths
  • 4,772 ft²
1180 Cynthia Lane, Toms River, NJ, 08755 Listing by Sholom Silverstein

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patric Dambroski, Keller Williams Shore Properties
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22113924
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 1221 Paddock Place built and last sold?
The property at 1221 Paddock Place was built in 1984 and last sold on Aug 30, 2021 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 1221 Paddock Place is $0.
What are some comparable homes to 1221 Paddock Place?
There are currently no comparable homes to 1221 Paddock Place.
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