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Ocean 08731
1313 Lee Way
$228,000
● House - Off Market

1313 Lee Way

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$381,405
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

New Price! New Pictures!  Totally renovated 3 bedroom, 2 full bath ranch ready for new owners to just unpack and start living! Spacious home features Brand New Gorgeous kitchen with stainless steel appliance package, granite counter tops, wood laminate floors throughout, living room, dining room with sliders to new deck, large family room, laundry room and three nicely sized bedrooms with brand new carpet. Family room could be used as an extra bedroom and is located off the dining area away from the other bedrooms. Extended warranty package on all appliances, brand new hot water heater, A/C, windows and roof is only apprxy 7 years old! Everything a buyer could want and more! Fenced yard, walk to the park, conveniently located to the parkway and shopping. Hurry! This is a must see!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1974

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: 3 years ago (MOMLS #21639974)

Price History

Date / Event Date Event Price
Feb 3, 2017 Sold
Premium
Sold
Oct 17, 2016 Listed by RE/MAX at Barnegat Bay $229,000
Listed by RE/MAX at Barnegat Bay
Apr 22, 2016 Sold
Premium
Sold
Jan 16, 2016 Listed by Weichert Realtors - Ship Bottom $165,000
Listed by Weichert Realtors - Ship Bottom
None Available

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,529
  • Building Area: 1,529
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,529
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 6,7,8

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 60
  • Account Number: 00069973
  • District: 13
  • Parcel: 13 01169-0000-00005
  • Block: 1169
  • Lot: 5
  • Municipality: LACEY TWP
  • Latitude: 39.84
  • Longitude: -74.2053

    Address

  • Full Address: 1313 Lee Way
  • Address - House Number: 1313
  • Address - Street Name: Lee
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4125
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $487,224

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 428,020
  • High Value: 522,634
  • Low Value: 333,406

    Market Valuation

  • Market Total Value: $215,300
  • Market Land Value: $81,000
  • Market Improvement Value: $134,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,300
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $134,300

    Sales

  • Current Sale Contract Date: Jan 27, 2017
  • Current Sale Recording Date: Feb 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017013769
  • Previous Sale Recording Date: Apr 21, 2016
  • Previous Sale Contract Date: Apr 15, 2016
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

3056 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: Donna Hewitt, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21639974
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 1313 Lee Way built and last sold?
The property at 1313 Lee Way was built in 1974 and last sold on Jan 27, 2017 for $220,000.
How much is this home worth?
The estimated value of the home located at 1313 Lee Way is $0.
What are some comparable homes to 1313 Lee Way?
There are currently no comparable homes to 1313 Lee Way.
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