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Ocean
219 Hemlock Drive
$163,000
● House - Off Market

219 Hemlock Drive

Lanoka Harbor, NJ 08734
bedrooms
2 Beds
bathrooms
1 Bath
$254,142
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Adorable and Affordable! This move in ready 2bd 1ba ranch is the best deal around and will not last long.  Perfect opportunity for first time buyers, those looking to downsize, or anyone looking for an alternative to rent.  Sitting on a private oversized property with circular driveway the charmer features new flooring throughout, newly updated bathroom with marble floors and subway tile backsplash, tankless hot water heater, fenced in backyard, a quaint front porch overlooking a private tree lined front yard plus so much more. To find a home in this condition at this price is a rare opportunity so come quick before your chance is gone!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1957

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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 #21843366)

Price History

Date / Event Date Event Price
Mar 11, 2019 Sold
Premium
Sold
Nov 7, 2018 Listed by RE/MAX New Beginnings Realty $169,900
Listed by RE/MAX New Beginnings Realty
Adorable and Affordable! This move in ready 2bd 1ba ranch is the best deal around and will not last long. Perfect opportunity for first time buyers, those looking to downsize, or anyone looking for an alternative to rent. Sitting on a private oversized property with circular driveway the charmer features new flooring throughout, newly updated bathroom with marble floors and subway tile backsplash, tankless hot water heater, fenced in backyard, a quaint front porch overlooking a private tree lined front yard plus so much more. To find a home in this condition at this price is a rare opportunity so come quick before your chance is gone!

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 780
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 780
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL HARBOR
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 42,43,44

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 42
  • Account Number: 00047515
  • District: 13
  • Parcel: 13 00762-0000-00041
  • Block: 762
  • Lot: 41
  • Municipality: LACEY TWP
  • Latitude: 39.8601
  • Longitude: -74.1657

    Address

  • Full Address: 219 Hemlock Dr
  • Address - House Number: 219
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R002
  • 4-Digit Zip Code: 2421
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $317,273

    Appraisal Valuation

  • Standard Deviation: 0.2251
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 292,037
  • High Value: 357,800
  • Low Value: 226,274

    Market Valuation

  • Market Total Value: $140,200
  • Market Land Value: $82,000
  • Market Improvement Value: $58,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,200
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $58,200

    Sales

  • Current Sale Contract Date: Mar 11, 2019
  • Current Sale Recording Date: Mar 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019023992
  • Previous Sale Recording Date: Mar 17, 2011
  • Previous Sale Contract Date: Feb 24, 2011
  • Previous Sale Amount: $145,000
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1595 ft²

Average Home Age

35.1 years

Currently For Sale

2998 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 115 Parker Avenue, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
  • 680 ft²
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eugene Bator, RE/MAX New Beginnings Realty-Toms River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21843366
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 219 Hemlock Drive built and last sold?
The property at 219 Hemlock Drive was built in 1957 and last sold on Mar 11, 2019 for $163,000.
How much is this home worth?
The estimated value of the home located at 219 Hemlock Drive is $0.
What are some comparable homes to 219 Hemlock Drive?
There are currently no comparable homes to 219 Hemlock Drive.
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