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Ocean 08731
1262 Capstan Drive
$490,000
● House - Off Market

1262 Capstan Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,290 Ft²
$747,326
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Tranquility & serenity surround this immaculate 2290 sq ft home located in the Riviera Beach section of Forked River.  A must see for water enthusiasts this home has 62 ft of dock on a peaceful lagoon 3 minutes from Barnegat Bay.  A 24 ft ceiling and second floor catwalk make this 3/3 home open, bright, and airy.  2X6 construction & thicker insulation allow for efficient HVAC & lower energy bills.  Enjoy water views from the master suite or star gazing from the expansive second floor deck.  The floor plan is great for entertaining on every level, inside and out!  5 sets of sliders capture the morning sun & views of the water anywhere you choose to relax in front of either fireplace, wood burning or gas chiseled stone. The covered porch is cozy & peaceful. One look & you'll fall in love.
Unit Size
2,290 Ft²
Days on Market
-
Land Size
-
Price per sqft
$223
Property Type
House
Property Taxes
$739
HOA Dues
-
Year Built
1985

Payment Calculator

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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 #21912548)

Price History

Date / Event Date Event Price
Sep 25, 2019 Sold
Premium
Sold
Mar 28, 2019 Listed by 1-2-3 REALTORS $509,900
Listed by 1-2-3 REALTORS

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,865
  • Total Building Area: 2,167
  • Building Area: 2,167
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: 187000
  • District: 13
  • Parcel: 13 00479-0000-00011
  • Block: 479
  • Lot: 11
  • Municipality: LACEY TWP
  • Latitude: 39.8448
  • Longitude: -74.1501

    Address

  • Full Address: 1262 Capstan Dr
  • Address - House Number: 1262
  • Address - Street Name: Capstan
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2016
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $982,142

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 765,180
  • High Value: 926,646
  • Low Value: 603,714

    Market Valuation

  • Market Total Value: $434,000
  • Market Land Value: $191,300
  • Market Improvement Value: $242,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,000
  • Assessed Land Value: $191,300
  • Assessed Improvements Value: $242,700

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Oct 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019098148
  • Previous Sale Recording Date: Dec 29, 2003
  • Previous Sale Contract Date: Dec 08, 2003
  • Previous Sale Amount: $454,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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 1706 Compass Drive, Forked River, NJ, 08731

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 813 ft²
1706 Compass Drive, Forked River, NJ, 08731 Listing by Kenneth Nilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jamie Mitchell, 1-2-3 REALTORS
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21912548
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 1262 Capstan Drive built and last sold?
The property at 1262 Capstan Drive was built in 1985 and last sold on Sep 24, 2019 for $490,000.
How much is this home worth?
The estimated value of the home located at 1262 Capstan Drive is $0.
What are some comparable homes to 1262 Capstan Drive?
There are currently no comparable homes to 1262 Capstan Drive.
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