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Toms River 08753
227 Morris Boulevard
$104,900
● House - Off Market

227 Morris Boulevard

Toms River, NJ 08753
bedrooms
2 Beds
bathrooms
1 Bath
$159,720
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Beautiful and ready for a new owner. Home has been freshly painted, new carpet, new kitchen, woodburning stove, cathedral ceiling in livingroom, oversized laundry room and more. Property to be sold as is with buyer responsible for all inspections and certifications necessary to close title.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$210
HOA Dues
-
Year Built
1946

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 #21719108)

Price History

Date / Event Date Event Price
May 16, 2018 Sold
Premium
Sold
May 15, 2017 Listed by Linda Schroeck Rlty. Group LLC $104,900
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 19
  • 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: 6,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 400
  • Total Building Area: 646
  • Building Area: 646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 646
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 723500

Zoning

  • Zoning: R40A

Geography

  • Assessors Map Reference: TAX MAP 94
  • District: 08
  • Parcel: 08 00801-0000-00014
  • Block: 801
  • Lot: 14
  • Municipality: DOVER TWP
  • Latitude: 39.9498
  • Longitude: -74.1436

    Address

  • Full Address: 227 Morris Blvd
  • Address - House Number: 227
  • Address - Street Name: Morris
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C007
  • 4-Digit Zip Code: 7141
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $330,963
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 275,824
  • High Value: 337,729
  • Low Value: 213,919

    Market Valuation

  • Market Total Value: $198,300
  • Market Land Value: $109,000
  • Market Improvement Value: $89,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,300
  • Assessed Land Value: $109,000
  • Assessed Improvements Value: $89,300

    Sales

  • Current Sale Contract Date: Sep 21, 2017
  • Current Sale Recording Date: May 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018048693
  • Previous Sale Recording Date: Feb 24, 2016
  • Previous Sale Contract Date: Aug 10, 2015
  • Previous Sale Document Type: 64

    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 Toms River

Stats & Trends

Median Asking:

$519,000

Sale Price/ft²

$301

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1856 ft²

Average Home Age

45 years

Currently For Sale

581 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 216 Ocean Gate Avenue, Ocean Gate, NJ, 08740

$2,200 /mo

  • 2 Beds
  • 1 Bath
216 Ocean Gate Avenue #2, Ocean Gate, NJ, 08740 Listing by Colette A Gioia

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21719108
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 227 Morris Boulevard built and last sold?
The property at 227 Morris Boulevard was built in 1946 and last sold on Sep 21, 2017 for $104,900.
How much is this home worth?
The estimated value of the home located at 227 Morris Boulevard is $105,949.
What are some comparable homes to 227 Morris Boulevard?
There are currently no comparable homes to 227 Morris Boulevard.
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