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Pine Lake Park 08757
1700 Commonwealth Boulevard
$285,000
● House - Off Market

1700 Commonwealth Boulevard

Toms River, NJ 08757
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,490 Ft²
$330,729
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Just listed in Pine Lake Park! This well-kept corner lot ranch boasts 3Br and 2 full bathrooms, in addition to TWO bonus rooms in the finished basement if you need the extra room. The garage has been converted for even more living space, in addition to a large  enclosed 3 seasons room. Furnace is roughly 5 years young, siding done within the past year, and roof is about 10 years old. Solar panels are owned and drastically reduce electric cost. In the back yard you will find a large deck surrounding the pool, as well as a large storage shed and fruit bearing trees. Driveway is located on Beechmont St for easy in and out. This is a charming, well built home just waiting for your personal touches.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$175
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1960

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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 #22035733)

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold
Premium
Sold
Oct 3, 2020 Listed by Keller Williams Realty Ocean Living $259,999
Listed by Keller Williams Realty Ocean Living

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 5
  • 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: 1,490
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,490
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,490
  • 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: 6-8

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720204

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 7.01
  • Account Number: 1799
  • District: 19
  • Parcel: 19 00001- 225-00005
  • Block: 1.225
  • Lot: 5
  • Municipality: MANCHESTER TWP
  • Latitude: 40.004
  • Longitude: -74.2502

    Address

  • Full Address: 1700 Commonwealth Blvd
  • Address - House Number: 1700
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Toms River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2123
  • Zip Code: 08757

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $576,786

    Appraisal Valuation

  • Standard Deviation: 0.2199
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 467,448
  • High Value: 570,263
  • Low Value: 364,633

    Market Valuation

  • Market Total Value: $260,400
  • Market Land Value: $80,000
  • Market Improvement Value: $180,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,400
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $180,400

    Sales

  • Current Sale Contract Date: Feb 26, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 16704
  • Previous Sale Recording Date: Feb 10, 2021
  • Previous Sale Contract Date: Jan 30, 2021
  • Previous Sale Amount: $285,000
  • 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 Pine Lake Park

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1302 ft²

Average Home Age

40.8 years

Currently For Sale

67 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 195 Edgemere Court, Toms River, NJ, 08755

$3,450 /mo

  • 4 Beds
  • 3 Baths
  • 1,548 ft²
195 Edgemere Court, Toms River, NJ, 08755 Listing by Shanti Shankar

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jason OBrien, Keller Williams Realty Ocean Living
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22035733
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 1700 Commonwealth Boulevard built and last sold?
The property at 1700 Commonwealth Boulevard was built in 1960 and last sold on Feb 26, 2024 for $360,000.
How much is this home worth?
The estimated value of the home located at 1700 Commonwealth Boulevard is $0.
What are some comparable homes to 1700 Commonwealth Boulevard?
There are currently no comparable homes to 1700 Commonwealth Boulevard.
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