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Pine Lake Park 08757
1901 Ridgeway Road
$247,000
● House - Off Market

1901 Ridgeway Road

Toms River, NJ 08757
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,862 Ft²
$417,177
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Great opportunity to own this large 4 bedroom 2.5 bathroom home for less than  $250,000! This spacious Home is move in condition with major updates such as new roof and siding. Seller will also give a concession toward half the cost of carpet replacement on second floor. Stop paying rent and become a home owner! One year home warranty  included.
Unit Size
1,862 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1979

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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 #21545575)

Price History

Date / Event Date Event Price
Aug 22, 2016 Sold
Premium
Sold
Dec 11, 2015 Listed by RE/MAX Generations $247,000
Listed by RE/MAX Generations

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 1,862
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINAL PLAT RIVERWOOD ESTATES
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 7.01
  • District: 19
  • Parcel: 19 00035-0000-00003
  • Block: 35
  • Lot: 3
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0052
  • Longitude: -74.2388

    Address

  • Full Address: 1901 Ridgeway Rd
  • Address - House Number: 1901
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Toms River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2234
  • Zip Code: 08757

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $583,653

    Appraisal Valuation

  • Standard Deviation: 0.2199
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 528,704
  • High Value: 644,993
  • Low Value: 412,416

    Market Valuation

  • Market Total Value: $263,500
  • Market Land Value: $87,000
  • Market Improvement Value: $176,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,500
  • Assessed Land Value: $87,000
  • Assessed Improvements Value: $176,500

    Sales

  • Current Sale Contract Date: Aug 19, 2016
  • Current Sale Recording Date: Apr 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018039592
  • Previous Sale Recording Date: Mar 11, 2004
  • Previous Sale Contract Date: Feb 20, 2004
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$569,000

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1309 ft²

Average Home Age

39.3 years

Currently For Sale

70 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

Rentals Near You

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MOMMLS

Listed by: Michael Minervini, RE/MAX Generations
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21545575
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 1901 Ridgeway Road built and last sold?
The property at 1901 Ridgeway Road was built in 1979 and last sold on Aug 19, 2016 for $247,000.
How much is this home worth?
The estimated value of the home located at 1901 Ridgeway Road is $0.
What are some comparable homes to 1901 Ridgeway Road?
There are currently no comparable homes to 1901 Ridgeway Road.
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