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Ocean 08731
1319 Sylvania Place
$315,000
● House - Off Market

1319 Sylvania Place

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,189 Ft²
$302,225
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Don't Miss this 2 bedroom 1 full bathroom Ranch Style home with a 1 car garage on an oversized corner lot just minutes from the lake. This home includes; Hardwood floors, Living Room, an updated eatin kitchen with pantry, an updated bathroom, Laundry closet, and a Bonus/Family room.  The Family room leads to a spacious backyard with a large low maintenance composite deck with vinyl railings, plenty of room for entertaining and grilling. The roof was installed in 2011, newer windows, and decorative gas powered heaters available in 3 rooms.  The location is perfect, close to schools, parks, the lake, and to the parkway for easy commuting.
Unit Size
1,189 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$252
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1973

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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 #22306246)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Mar 8, 2023 Listed by KeyVest LLC $299,900
Listed by KeyVest LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 2
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,105
  • Lot Size Depth Feet: 1,047
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,189
  • Building Area: 1,189
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,189
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 60
  • Account Number: 00069494
  • District: 13
  • Parcel: 13 01164-0000-00007
  • Block: 1164
  • Lot: 7
  • Municipality: LACEY TWP
  • Latitude: 39.8374
  • Longitude: -74.2057

    Address

  • Full Address: 1319 Sylvania Pl
  • Address - House Number: 1319
  • Address - Street Name: Sylvania
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4145
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,799

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 346,306
  • High Value: 418,888
  • Low Value: 273,724

    Market Valuation

  • Market Total Value: $174,900
  • Market Land Value: $82,000
  • Market Improvement Value: $92,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $174,900
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $92,900

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 40354
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

1583 ft²

Average Home Age

32.5 years

Currently For Sale

3087 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 115 Parker Avenue, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 680 ft²
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski
Unit for rent at 612 Beach Blvd, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
612 Beach Blvd, Forked River, NJ, 08731 Listing by Mary Albanese

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Thomas M Santoro Jr., KeyVest LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22306246
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 1319 Sylvania Place built and last sold?
The property at 1319 Sylvania Place was built in 1973 and last sold on May 18, 2023 for $315,000.
How much is this home worth?
The estimated value of the home located at 1319 Sylvania Place is $0.
What are some comparable homes to 1319 Sylvania Place?
There are currently no comparable homes to 1319 Sylvania Place.
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