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Ocean 08731
1617 Ewart Road
$310,000
● House - Off Market

1617 Ewart Road

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
905 Ft²
$314,001
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

What a great house. There is more storage in this property than larger homes. Completely redone with a fantastic kitchen huge pantry and an amazing laundry room. No need for furniture, the bedrooms have built-in storage and closets. Inviting front porch leads into comfortable living room with side bay window. Nicely appointed bath with more storage. Yankee basement you can stand up in. Very large block patio on a big lot. New gas heat and central air and two storage sheds, one with electric round out the beauty.
Unit Size
905 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$308
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1950

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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: 2 years ago (MOMLS #22131234)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Sep 21, 2021 Listed by RE/MAX New Beginnings Realty-Toms River $279,000
Listed by RE/MAX New Beginnings Realty-Toms River

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 4
  • 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: 396
  • Garage Type: 0
  • 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: 630
  • Building Area: 630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 630
  • 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: 15,16,40,41

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 62
  • Account Number: 00078998
  • District: 13
  • Parcel: 13 01271-0000-00014
  • Block: 1271
  • Lot: 14
  • Municipality: LACEY TWP
  • Latitude: 39.8451
  • Longitude: -74.2095

    Address

  • Full Address: 1617 Ewart Rd
  • Address - House Number: 1617
  • Address - Street Name: Ewart
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R009
  • 4-Digit Zip Code: 3321
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $451,016

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 387,593
  • High Value: 468,829
  • Low Value: 306,358

    Market Valuation

  • Market Total Value: $199,300
  • Market Land Value: $83,000
  • Market Improvement Value: $116,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,300
  • Assessed Land Value: $83,000
  • Assessed Improvements Value: $116,300

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021158696
  • Previous Sale Recording Date: Dec 31, 2007
  • Previous Sale Contract Date: Dec 20, 2007
  • Previous Sale Amount: $172,500
  • 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

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lawrence J Costa, RE/MAX New Beginnings Realty-Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22131234
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 1617 Ewart Road built and last sold?
The property at 1617 Ewart Road was built in 1950 and last sold on Oct 26, 2021 for $307,500.
How much is this home worth?
The estimated value of the home located at 1617 Ewart Road is $280,053.
What are some comparable homes to 1617 Ewart Road?
There are currently no comparable homes to 1617 Ewart Road.
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