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Ocean 08731
1352 Lee Way
$450,000
● House - Off Market

1352 Lee Way

Forked River, NJ 08731
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,382 Ft²
$493,812
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Don't miss this great opportunity!  This tremendous 5BR/2BA Bi-Level is a true Mother/Daughter home or just perfect for a large family.  Set on a corner lot and backing to Lake Serene, this unique home offers a Living Rm w/picture window, Dining Room w/French doors leading to 2nd level deck, Kitchen w/Breakfast Bar, 3 bedrooms, full bath, recessed lighting, cathedral ceilings & ceiling fans upstairs.  Downstairs features another full living area complete w/2 more bedrooms & full bath, full kitchen, separate, access, family room w/gas fireplace, dining area, laundry room, partially converted 2 car garage & entrance to large screened porch.  Beautifully maintained exterior yard w/concrete sidewalks, 4 car driveway, newer concrete steps to front door, vinyl fence, garden, & gutter guards.
Unit Size
2,382 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$183
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1968

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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 #22123801)

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold
Premium
Sold
Jul 20, 2021 Listed by Coldwell Banker Riviera Realty $435,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,714
  • Total Building Area: 2,434
  • Building Area: 2,434
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,434
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 2,3,4

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 60
  • Account Number: 00070835
  • District: 13
  • Parcel: 13 01176-0000-00001
  • Block: 1176
  • Lot: 1
  • Municipality: LACEY TWP
  • Latitude: 39.837
  • Longitude: -74.2067

    Address

  • Full Address: 1352 Lee Way
  • Address - House Number: 1352
  • Address - Street Name: Lee
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 4123
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $629,114

    Appraisal Valuation

  • Standard Deviation: 0.2619
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 554,911
  • High Value: 700,285
  • Low Value: 409,537

    Market Valuation

  • Market Total Value: $278,000
  • Market Land Value: $86,000
  • Market Improvement Value: $192,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,000
  • Assessed Land Value: $86,000
  • Assessed Improvements Value: $192,000

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 137620
  • Previous Sale Recording Date: Jun 19, 2006
  • Previous Sale Contract Date: Jun 15, 2006
  • Previous Sale Amount: $374,900
  • 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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1588 ft²

Average Home Age

32.5 years

Currently For Sale

3034 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

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MOMMLS

Listed by: Janet H Levy, Coldwell Banker Riviera Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22123801
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 1352 Lee Way built and last sold?
The property at 1352 Lee Way was built in 1968 and last sold on Sep 10, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 1352 Lee Way is $439,350.
What are some comparable homes to 1352 Lee Way?
There are currently no comparable homes to 1352 Lee Way.
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