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Ocean 08731
205 Algonquin Trail
$430,000
● House - Off Market

205 Algonquin Trail

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
2 Baths
$433,299
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Home is where the heart is. and this home feels like country! This centrally located home is just a short walk to the lake and nestled on a dead-end street (cul-de-sac) Lg mature trees sets the tone for privacy. Perfectly situated on an oversized lot with in-ground pool- plenty of room for entertaining or potential to add that cabana/pool bar.  Warm and inviting touches throughout.  Hardwood floors, oversized rooms and mother-daughter potential are just a few of the desirable features buyers seek today. Kitchen offers ample cabinet space, an island for convenience and stainless steel appliances. Sun- drenched dining or sun room if you prefer. First floor Office/Den. Add a closet to make it another bdrm. Lg private master suite and an oversized garage. Lots to offer in this expanded home.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1970

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: 3 years ago (MOMLS #22129918)

Price History

Date / Event Date Event Price
Oct 22, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by RE/MAX at Barnegat Bay $385,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,480
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 1,840
  • Total Building Area: 2,600
  • Building Area: 2,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,600
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000401
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 71,72,73

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732003

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 68
  • Account Number: 00090071
  • District: 13
  • Parcel: 13 01400-0000-00070
  • Block: 1400
  • Lot: 70
  • Municipality: LACEY TWP
  • Latitude: 39.8408
  • Longitude: -74.1971

    Address

  • Full Address: 205 Algonquin Trl
  • Address - House Number: 205
  • Address - Street Name: Algonquin
  • Address - Suffix Type: Trl
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R006
  • 4-Digit Zip Code: 4257
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $661,249

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 567,599
  • High Value: 690,282
  • Low Value: 444,916

    Market Valuation

  • Market Total Value: $292,200
  • Market Land Value: $89,500
  • Market Improvement Value: $202,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,200
  • Assessed Land Value: $89,500
  • Assessed Improvements Value: $202,700

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 157237
  • Previous Sale Recording Date: Feb 08, 1995
  • Previous Sale Contract Date: Jan 31, 1995
  • Previous Sale Amount: $95,000
  • 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 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

29 years

Currently For Sale

4337 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: Nicole Sabarese, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22129918
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 205 Algonquin Trail built and last sold?
The property at 205 Algonquin Trail was built in 1970 and last sold on Oct 20, 2021 for $430,000.
How much is this home worth?
The estimated value of the home located at 205 Algonquin Trail is $0.
What are some comparable homes to 205 Algonquin Trail?
There are currently no comparable homes to 205 Algonquin Trail.
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