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Forked River 08731
1425 Island View Drive
$250,000
● Land - Off Market

1425 Island View Drive

Forked River, NJ 08731
bedrooms
Studio
bathrooms
0 Bath
$439,658
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Location Location! Not many spots left like this one with 100% unobstructed, spectacular BAYFRONT views. Golden opportunity to build new or rescue existing home from Super Storm Sandy damage.Lot has vinyl bulkhead and as per seller, township has said 4,000sqft home possible. A magical setting with exciting potential, to live in this blue ribbon location, enjoying and loving endless sparkling blue...bayviews at the Jersey Shore.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$700
HOA Dues
-
Year Built
1955

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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 #21614992)

Price History

Date / Event Date Event Price
Jul 8, 2016 Sold
Premium
Sold
Apr 15, 2016 Listed by Pacesetter Realty $259,900
Listed by Pacesetter Realty
Location Location! Not many spots left like this one with 100% unobstructed, spectacular BAYFRONT views. Golden opportunity to build new or rescue existing home from Super Storm Sandy damage.Lot has vinyl bulkhead and as per seller, township has said 4,000sqft home possible. A magical setting with exciting potential, to live in this blue ribbon location, enjoying and loving endless sparkling blue...bayviews at the Jersey Shore.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 200
  • 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: 9,480
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 00016441
  • District: 13
  • Parcel: 13 00194-0000-00006
  • Block: 194
  • Lot: 6
  • Municipality: LACEY TWP
  • Latitude: 39.8243
  • Longitude: -74.164

    Address

  • Full Address: 1425 Island View Dr
  • Address - House Number: 1425
  • Address - Street Name: Island View
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R001
  • 4-Digit Zip Code: 5004
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,345,127

    Appraisal Valuation

  • Standard Deviation: 0.2602
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 759,713
  • High Value: 957,443
  • Low Value: 561,984

    Market Valuation

  • Market Total Value: $594,400
  • Market Land Value: $414,000
  • Market Improvement Value: $180,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594,400
  • Assessed Land Value: $414,000
  • Assessed Improvements Value: $180,400

    Sales

  • Current Sale Contract Date: Jun 24, 2016
  • Current Sale Recording Date: Jul 18, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016069850
  • Previous Sale Recording Date: Apr 15, 1985
  • Previous Sale Contract Date: Apr 15, 1985
  • Previous Sale Amount: $82,100
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: VAR
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:

$499,900

Sale Price/ft²

$333

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1812 ft²

Average Home Age

43.7 years

Currently For Sale

30 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 2 Central Avenue, Waretown, NJ, 08758

$2,000 /mo

  • 1 Bed
  • 1 Bath
2 Central Avenue, Waretown, NJ, 08758 Listing by David Lazaro

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Bertini, Pacesetter Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21614992
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 1425 Island View Drive built and last sold?
The property at 1425 Island View Drive was built in 1955 and last sold on Jun 24, 2016 for $250,000.
How much is this home worth?
The estimated value of the home located at 1425 Island View Drive is $0.
What are some comparable homes to 1425 Island View Drive?
There are currently no comparable homes to 1425 Island View Drive.
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