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Ocean 08731
1231 Kennebec Road
$276,000
● House - Off Market

1231 Kennebec Road

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
3 Baths
$413,273
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Charming ranch home ready for it's new owner! Nice curb appeal with cozy porch & oversized driveway, plus overflow parking. 4 spacious BR's with 3 full baths. Garage converted to 4th BR, M/D, or  In-law suite, with it's own entrance & full bath. Open floor plan featuring LR/DR/Kit with lots of natural light , recessed lighting and crown moulding.  Entertaining backyard with  large decks, A/G pool, shed w/power.  Located near GSP, Rt.9, shopping, restaurants & marina.
Unit Size
-
Days on Market
134 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1994

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MOMLS #21945122)

Price History

Date / Event Date Event Price
Mar 23, 2020 Sold
Premium
Sold
Nov 9, 2019 Listed by Keller Williams Realty Central Monmouth $289,000
Listed by Keller Williams Realty Central Monmouth

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,650
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,312
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 31,32

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 58
  • Account Number: 00066064
  • District: 13
  • Parcel: 13 01129-0000-00030
  • Block: 1129
  • Lot: 30
  • Municipality: LACEY TWP
  • Latitude: 39.8315
  • Longitude: -74.2048

    Address

  • Full Address: 1231 Kennebec Rd
  • Address - House Number: 1231
  • Address - Street Name: Kennebec
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4519
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $582,723

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 457,011
  • High Value: 558,034
  • Low Value: 355,989

    Market Valuation

  • Market Total Value: $257,500
  • Market Land Value: $79,000
  • Market Improvement Value: $178,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,500
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $178,500

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020031609
  • Previous Sale Recording Date: Apr 19, 2005
  • Previous Sale Contract Date: Apr 08, 2005
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 12
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

Unit for rent at 101 Clearwater Drive, Forked River, NJ, 08731

$3,950 /mo

  • 4 Beds
  • 3 Baths
101 Clearwater Drive, Forked River, NJ, 08731 Listing by Brooke OMahony

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Katherine Dygon, Keller Williams Realty Central Monmouth
Last Updated: 6 months ago
Data Source: MOMMLS, MLS# 21945122
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 1231 Kennebec Road built and last sold?
The property at 1231 Kennebec Road was built in 1994 and last sold on Mar 23, 2020 for $276,000.
How much is this home worth?
The estimated value of the home located at 1231 Kennebec Road is $291,890.
What are some comparable homes to 1231 Kennebec Road?
There are currently no comparable homes to 1231 Kennebec Road.
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