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Ocean 08731
1515 Clair Road
$386,000
● House - Off Market

1515 Clair Road

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,358 Ft²
$2,402
Est. Monthly
6.33%
Cap Rate

About This Property

Spacious ranch on a quiet dead-end street just one block to the lake and parks.  This home offers 2 nice sized bedrooms and 1.5 baths, hardwood floors in the living room and hall, plus an open and airy eat-in kitchen with vaulted ceilings, skylights, and oak cabinets. The family room features a lighted tray ceiling and sliding door leading to the deck. Enjoy a fenced yard for privacy, shed for extra storage, and a garage. A newer furnace was recently installed and home has anderson windows. Open floor plan provides comfortable living with great natural light and easy access to outdoor spaces.
Unit Size
1,358 Ft²
Days on Market
100 days
Land Size
0.18 acres
Price per sqft
$294
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1992

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 11 months ago (MOMLS #22526526)

Price History

Date / Event Date Event Price
Dec 12, 2025 Sold
Premium
Sold
Sep 14, 2025 In contract -
In contract
Sep 3, 2025 Listed by RE/MAX at Barnegat Bay $399,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,358
  • Building Area: 1,358
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,358
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 13,14,15

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 62
  • Account Number: 00075827
  • District: 13
  • Parcel: 13 01227-0000-00012
  • Block: 1227
  • Lot: 12
  • Municipality: LACEY TWP
  • Latitude: 39.8428
  • Longitude: -74.2073

    Address

  • Full Address: 1515 Clair Rd
  • Address - House Number: 1515
  • Address - Street Name: Clair
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R012
  • 4-Digit Zip Code: 3419
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $469,573

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 400,571
  • High Value: 489,117
  • Low Value: 312,025

    Market Valuation

  • Market Total Value: $207,500
  • Market Land Value: $81,000
  • Market Improvement Value: $126,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,500
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $126,500

    Sales

  • Current Sale Contract Date: Jun 06, 2006
  • Current Sale Recording Date: Jun 13, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2006099426
  • Previous Sale Recording Date: Jan 02, 2002
  • Previous Sale Contract Date: Dec 17, 2001
  • Previous Sale Amount: $139,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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 252 Lake Barnegat Drive N, Forked River, NJ, 08731

$2,500 /mo

  • 2 Beds
  • 1 Bath
252 Lake Barnegat Drive N, Forked River, NJ, 08731 Listing by Lori Donnelly

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Cessna Statt, RE/MAX at Barnegat Bay
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 22526526
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 1515 Clair Road built and last sold?
The property at 1515 Clair Road was built in 1992 and last sold on Jun 6, 2006 for $280,000.
How much is this home worth?
The estimated value of the home located at 1515 Clair Road is $0.
What are some comparable homes to 1515 Clair Road?
There are currently no comparable homes to 1515 Clair Road.
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