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Ocean 08731
1747 Serpentine Drive
$465,000
● House - Off Market

1747 Serpentine Drive

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,518 Ft²
$2,587
Est. Monthly
9.00%
Cap Rate

About This Property

Welcome home to this charming gem located in the heart of Lacey Township! Discover this move in ready, well-maintained Cape Cod home, nestled on a quaint quiet street. Offering the perfect blend of comfort, functionality, and convenience. Featuring 4 bedrooms, 1.5 bathrooms, freshly updated kitchen with all stainless-steel appliances included. Multi-purpose first-floor bedroom, playroom, or office. Screened-in porch perfect for relaxation overlooking a peaceful backyard. Close proximity to the lakes, parks, shopping and dining. Don't miss this incredible opportunity! Schedule a showing today and make this beautiful home yours.
Unit Size
1,518 Ft²
Days on Market
67 days
Land Size
0.05 acres
Price per sqft
$296
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1956

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: 2 years ago (MOMLS #22428355)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Nov 25, 2024 In contract -
In contract
Sep 30, 2024 Listed by RE/MAX at Barnegat Bay $449,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,256
  • Lot Size Frontage Feet: 1,190
  • Total Building Area: 1,518
  • Building Area: 1,518
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,518
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 39,40,41

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 63
  • Account Number: 00084151
  • District: 13
  • Parcel: 13 01325-0000-00038
  • Block: 1325
  • Lot: 38
  • Municipality: LACEY TWP
  • Latitude: 39.8491
  • Longitude: -74.2119

    Address

  • Full Address: 1747 Serpentine Dr
  • Address - House Number: 1747
  • Address - Street Name: Serpentine
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R004
  • 4-Digit Zip Code: 3244
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $437,891

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 412,512
  • High Value: 496,975
  • Low Value: 328,050

    Market Valuation

  • Market Total Value: $193,500
  • Market Land Value: $83,500
  • Market Improvement Value: $110,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,500
  • Assessed Land Value: $83,500
  • Assessed Improvements Value: $110,000

    Sales

  • Current Sale Contract Date: Apr 30, 2015
  • Current Sale Recording Date: May 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015044149
  • Previous Sale Recording Date: Dec 15, 1978
  • Previous Sale Contract Date: Dec 15, 1978
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29.1 years

Currently For Sale

4369 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 101 Clearwater Drive, Forked River, NJ, 08731

$3,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,622 ft²
101 Clearwater Drive, Forked River, NJ, 08731 Listing by Brooke OMahony

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Charlene Brown, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22428355
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 1747 Serpentine Drive built and last sold?
The property at 1747 Serpentine Drive was built in 1956 and last sold on Apr 30, 2015 for $235,000.
How much is this home worth?
The estimated value of the home located at 1747 Serpentine Drive is $0.
What are some comparable homes to 1747 Serpentine Drive?
There are currently no comparable homes to 1747 Serpentine Drive.
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