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Ocean 08731
1309 Lakeside Drive
$217,563
● House - Off Market

1309 Lakeside Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$233,892
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

LAKE VIEW LOCATION!  Enjoy the beautiful view of Lake Barnegat from your cozy living room with a warm fire crackling in the background.   This 3 bedroom ranch offers so much potential to make it your own and a great location.  It has great bones, a newer roof, and enclosed porch.   Gas BBQ capability in the fenced backyard would make for great entertaining.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$182
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1966

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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 #22105482)

Price History

Date / Event Date Event Price
Jun 11, 2021 Sold
Premium
Sold
Feb 24, 2021 Listed by Coldwell Banker Riviera Realty $199,900
Listed by Coldwell Banker Riviera Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 3
  • 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: 2,892
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,100
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000066
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 33

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 60
  • Account Number: 00068537
  • District: 13
  • Parcel: 13 01152-0000-00032
  • Block: 1152
  • Lot: 32
  • Municipality: LACEY TWP
  • Latitude: 39.84
  • Longitude: -74.2029

    Address

  • Full Address: 1309 Lakeside Dr S
  • Address - House Number: 1309
  • Street Segment Direction: S
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4121
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $330,398

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 293,841
  • High Value: 356,882
  • Low Value: 230,801

    Market Valuation

  • Market Total Value: $146,000
  • Market Land Value: $63,900
  • Market Improvement Value: $82,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,000
  • Assessed Land Value: $63,900
  • Assessed Improvements Value: $82,100

    Sales

  • Current Sale Contract Date: Jun 10, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021089979
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

0.23%

Average Days on Market

74

Average Home Size

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3002 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 615 Beach Boulevard, FORKED RIVER, NJ, 08731

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,180 ft²
615 Beach Boulevard, FORKED RIVER, NJ, 08731 Listing by Jessica K DiFrancia
Unit for rent at 1004 Cyprus Court, Forked River, NJ, 08731

$3,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
1004 Cyprus Court #1004, Forked River, NJ, 08731 Listing by Luis Franceschi

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janet H Levy, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22105482
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 1309 Lakeside Drive South built and last sold?
The property at 1309 Lakeside Drive South was built in 1966 and last sold on Jun 10, 2021 for $217,563.
How much is this home worth?
The estimated value of the home located at 1309 Lakeside Drive South is $0.
What are some comparable homes to 1309 Lakeside Drive South?
There are currently no comparable homes to 1309 Lakeside Drive South.
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