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Ocean 08731
1985 Glen Oak Drive
$524,900
● House - Off Market

1985 Glen Oak Drive

Forked River, NJ 08731
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,719 Ft²
$556,859
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This home has it all. 5 Bdrm, 3 Full Bath, Full Basement, Pool, 2 Car garage, Wow! Warm wood kitchen cabinets with a large granite center island. Full bath room and bedroom on the first floor. New carpet, soft colors, fresh and clean and ready to move right-in. Perfect time of year to find your new forever home. Did I mention the fenced in yard, and pool? Located nicely in the top end of the pines, walking distance to the lake and parks.
Unit Size
2,719 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$193
Property Type
House
Property Taxes
$677
HOA Dues
-
Year Built
2005

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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 #22234478)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Nov 5, 2022 Listed by RE/MAX at Barnegat Bay $524,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,383
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,719
  • Building Area: 2,719
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,719
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 40,41

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 65
  • Account Number: 00087426
  • District: 13
  • Parcel: 13 01364-0000-00039
  • Block: 1364
  • Lot: 39
  • Municipality: LACEY TWP
  • Latitude: 39.851
  • Longitude: -74.2183

    Address

  • Full Address: 1985 Glen Oak Dr
  • Address - House Number: 1985
  • Address - Street Name: Glen Oak
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R004
  • 4-Digit Zip Code: 3120
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $825,995

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 658,852
  • High Value: 786,338
  • Low Value: 531,367

    Market Valuation

  • Market Total Value: $365,000
  • Market Land Value: $79,000
  • Market Improvement Value: $286,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,000
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $286,000

    Sales

  • Current Sale Contract Date: Dec 04, 2022
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2288
  • Previous Sale Recording Date: May 21, 2021
  • Previous Sale Contract Date: May 18, 2021
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 12
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

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4265 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

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Nicole Sabarese, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22234478
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 1985 Glenoak Drive built and last sold?
The property at 1985 Glenoak Drive was built in 2005 and last sold on Dec 4, 2022 for $524,900.
How much is this home worth?
The estimated value of the home located at 1985 Glenoak Drive is $0.
What are some comparable homes to 1985 Glenoak Drive?
There are currently no comparable homes to 1985 Glenoak Drive.
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