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Forked River 08731
1408 Tamiami Road
$147,000
● House - Off Market

1408 Tamiami Road

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
$272,341
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

PERFECT FIRST TIME HOME OR DOWNSIZER! Beautifully updated,truly TURN KEY! Remodeled Kitchen w/Beautiful NEW Cabinets,Countertops & Tile Floors! Central Air, 15 FT Vaulted ceilings,NEW Wood Laminate Floors, open floor plan, six panel doors, & freshly painted w/neutral beachy colors. Newer Windows & Vinyl Siding, Fully Fenced Yard w/Deck, LARGE SHED/OUTBUILDING W/ELEC, HEAT & SKYLIGHTS-great workshop, & possible GREAT GUEST HOUSE!Perfect summer retreat/year round home! SANDY DID NOT TOUCH THIS ONE
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1960

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 #21434300)

Price History

Date / Event Date Event Price
Mar 26, 2015 Sold
Premium
Sold
Aug 23, 2014 Listed by RE/MAX at Barnegat Bay $149,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 664
  • Building Area: 664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732104

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 10
  • Account Number: 00016302
  • District: 13
  • Parcel: 13 00191-0000-00014
  • Block: 191
  • Lot: 14
  • Municipality: LACEY TWP
  • Latitude: 39.8232
  • Longitude: -74.1656

    Address

  • Full Address: 1408 Tamiami Rd
  • Address - House Number: 1408
  • Address - Street Name: Tamiami
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R001
  • 4-Digit Zip Code: 5043
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $260,698

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 264,306
  • High Value: 323,719
  • Low Value: 204,894

    Market Valuation

  • Market Total Value: $115,200
  • Market Land Value: $58,000
  • Market Improvement Value: $57,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,200
  • Assessed Land Value: $58,000
  • Assessed Improvements Value: $57,200

    Sales

  • Current Sale Contract Date: Mar 26, 2015
  • Current Sale Recording Date: Apr 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015033252
  • Previous Sale Recording Date: Apr 13, 2010
  • Previous Sale Contract Date: Mar 30, 2010
  • Previous Sale Amount: $132,000
  • 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 Forked River

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1577 ft²

Average Home Age

42.7 years

Currently For Sale

40 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 1 Memorial Drive, Waretown, NJ, 08758

$2,000 /mo

  • 2 Beds
  • 1 Bath
1 Memorial Drive #203, Waretown, NJ, 08758 Listing by Ellen Hall

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kim D'Addario, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21434300
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 1408 Tamiami Road built and last sold?
The property at 1408 Tamiami Road was built in 1960 and last sold on Mar 26, 2015 for $147,000.
How much is this home worth?
The estimated value of the home located at 1408 Tamiami Road is $0.
What are some comparable homes to 1408 Tamiami Road?
There are currently no comparable homes to 1408 Tamiami Road.
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