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Ocean 08731
228 Sunset Drive
$500,000
● House - Off Market

228 Sunset Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
$2,987
Est. Monthly
$5
HOA / Fees
5.92%
Cap Rate

About This Property

Well cared for Ranch in Sunrise Beach features nice size entry foyer,  Spacious living room with sliding glass door to deck, Kitchen with plenty of cabinets open to dining area.  Primary bedroom has full bath and 2 additional bedrooms with full bath are also a nice size.  2 Car Garage, Central air and Hot Air heat! Public Water, well for irrigation purposes not sure if functional.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$527
HOA Dues
$5
Year Built
1992

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: 2 years ago (MOMLS #22501960)

Price History

Date / Event Date Event Price
Mar 31, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Jan 22, 2025 Listed by Re/Max Select $499,999
Listed by Re/Max Select
May 14, 2014 Sold
Premium
Sold
Apr 14, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,209
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,345
  • Building Area: 1,345
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,345
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 26
  • Account Number: 10000156
  • District: 13
  • Parcel: 13 00345-0000-00014
  • Block: 345
  • Lot: 14
  • Municipality: LACEY TWP
  • Latitude: 39.8438
  • Longitude: -74.1736

    Address

  • Full Address: 228 Sunset Dr
  • Address - House Number: 228
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2916
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $564,392

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 462,617
  • High Value: 562,608
  • Low Value: 362,625

    Market Valuation

  • Market Total Value: $249,400
  • Market Land Value: $127,500
  • Market Improvement Value: $121,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,400
  • Assessed Land Value: $127,500
  • Assessed Improvements Value: $121,900

    Sales

  • Current Sale Contract Date: Apr 14, 2014
  • Current Sale Recording Date: Apr 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2014031583
  • Previous Sale Recording Date: Aug 16, 2000
  • Previous Sale Contract Date: Aug 11, 2000
  • Previous Sale Amount: $169,900
  • 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 Maria Loretta Lane, Forked River, NJ, 08731

$3,000 /mo

  • 3 Beds
  • 2 Baths
101 Maria Loretta Lane #101, Forked River, NJ, 08731 Listing by William R Hagan
Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Frances Blakely, Re/Max Select
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22501960
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 228 Sunset Drive built and last sold?
The property at 228 Sunset Drive was built in 1992 and last sold on Apr 14, 2014 for $250,000.
How much is this home worth?
The estimated value of the home located at 228 Sunset Drive is $0.
What are some comparable homes to 228 Sunset Drive?
There are currently no comparable homes to 228 Sunset Drive.
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