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Ocean 08731
1515 Dee Road
$137,500
● House - Off Market

1515 Dee Road

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
2 Baths
$220,064
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

2 Bedroom 2 bath Ranch located on a large lot and needs some TLC; features hot water baseboard heat, attached garage with direct entry and spacious rooms.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1973

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 #21839701)

Price History

Date / Event Date Event Price
Nov 1, 2018 Sold
Premium
Sold
Oct 8, 2018 Listed by Coldwell Banker Riviera Realty $145,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,423
  • Building Area: 1,423
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,423
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 12,13,14,15

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 62
  • Account Number: 00075568
  • District: 13
  • Parcel: 13 01225-0000-00011
  • Block: 1225
  • Lot: 11
  • Municipality: LACEY TWP
  • Latitude: 39.8422
  • Longitude: -74.2071

    Address

  • Full Address: 1515 Dee Rd
  • Address - House Number: 1515
  • Address - Street Name: Dee
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R009
  • 4-Digit Zip Code: 3415
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $424,313

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 354,074
  • High Value: 434,999
  • Low Value: 273,148

    Market Valuation

  • Market Total Value: $187,500
  • Market Land Value: $83,000
  • Market Improvement Value: $104,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,500
  • Assessed Land Value: $83,000
  • Assessed Improvements Value: $104,500

    Sales

  • Current Sale Contract Date: Nov 01, 2018
  • Current Sale Recording Date: Nov 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018110677
  • Previous Sale Recording Date: Sep 06, 1985
  • Previous Sale Contract Date: Sep 06, 1985
  • Previous Sale Amount: $64,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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 612 Beach Blvd, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
612 Beach Blvd, Forked River, NJ, 08731 Listing by Mary Albanese

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jeffrey F Connell, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21839701
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 Dee Road built and last sold?
The property at 1515 Dee Road was built in 1973 and last sold on Nov 1, 2018 for $137,500.
How much is this home worth?
The estimated value of the home located at 1515 Dee Road is $0.
What are some comparable homes to 1515 Dee Road?
There are currently no comparable homes to 1515 Dee Road.
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