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Forked River 08731
1503 Tamiami Road
$350,000
● House - Off Market

1503 Tamiami Road

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$587,612
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Fabulous 4 bedroom colonial located in the desirable Forked River Beach Area.  Pride of ownership is evident in this impeccable & immaculate home. 1st level offers an open floor plan featuring a formal dining area which opens to the kitchen, breakfast nook, family room, powder room, laundry room & access to the 2 car garage. 2nd level features master bedroom & master bath with Jacuzzi Tub & stall shower, a Jr. Suite which were 2 separate bedroom, & 2  ample sized bedrooms.Tropical back-yard setting with deck leading to pool, rocking chair front porch, stunning spacious home & a short walk to the gorgeous bay-park. Great opportunity to own at the Jersey Shore. Close to major highways, marinas & shopping.  Many more pictures to follow.  Make your appointment today!
Unit Size
-
Days on Market
111 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
2002

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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 #21722834)

Price History

Date / Event Date Event Price
Sep 29, 2017 Sold
Premium
Sold
Jun 10, 2017 Listed by Coldwell Banker Riviera Realty $369,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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 11
  • Account Number: 10001064
  • District: 13
  • Parcel: 13 00204- 01-00009
  • Block: 204.01
  • Lot: 9
  • Municipality: LACEY TWP
  • Latitude: 39.8218
  • Longitude: -74.1641

    Address

  • Full Address: 1503 Tamiami Rd
  • Address - House Number: 1503
  • Address - Street Name: Tamiami
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R001
  • 4-Digit Zip Code: 5040
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $759,689

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 622,810
  • High Value: 743,007
  • Low Value: 502,613

    Market Valuation

  • Market Total Value: $335,700
  • Market Land Value: $107,000
  • Market Improvement Value: $228,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,700
  • Assessed Land Value: $107,000
  • Assessed Improvements Value: $228,700

    Sales

  • Current Sale Contract Date: Sep 29, 2017
  • Current Sale Recording Date: Oct 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017110224
  • Previous Sale Recording Date: Sep 04, 2009
  • Previous Sale Contract Date: Aug 31, 2009
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
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:

$520,000

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1552 ft²

Average Home Age

43.3 years

Currently For Sale

41 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

Rentals Near You

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MOMMLS

Listed by: Maria A Rizzo, Coldwell Banker Riviera Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21722834
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 1503 Tamiami Road built and last sold?
The property at 1503 Tamiami Road was built in 2002 and last sold on Sep 29, 2017 for $350,000.
How much is this home worth?
The estimated value of the home located at 1503 Tamiami Road is $0.
What are some comparable homes to 1503 Tamiami Road?
There are currently no comparable homes to 1503 Tamiami Road.
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