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Ocean 08731
233 Chestnut Lane
$196,000
● House - Off Market

233 Chestnut Lane

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$286,275
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

NIce 2 bedroom 1 1/2 bath Ranch  with laundry room and one car garge in the Sunrise Beach section of Forked River. Perfect starter home or for downsizing.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$322
HOA Dues
$4
Year Built
1979

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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 #22004264)

Price History

Date / Event Date Event Price
Aug 3, 2020 Sold
Premium
Sold
Feb 1, 2020 Listed by Keller Williams Preferred Properties,Bayville $209,000
Listed by Keller Williams Preferred Properties,Bayville
Dec 27, 2013 Sold
Premium
Sold
Jul 15, 2013 Listed by Keller Williams Realty East Monmouth $165,000
Listed by Keller Williams Realty East Monmouth
Lovely 2 bedroom, 1 1/2 bath ranch with some newer windows and carpet situated on nice private level fenced in backyard. Home offers nice size rooms with ample storage. Fridge in garage will stay, Stainless Steal Fridge is not included.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 1
  • Parking Space Count: 1
  • 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: 1,116
  • Building Area: 1,116
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,116
  • 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: LOTS 38,39

Neighborhood

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

Zoning

  • Zoning: R75B

Geography

  • Assessors Map Reference: TAX MAP 25
  • Account Number: 00029389
  • District: 13
  • Parcel: 13 00327-0000-00037
  • Block: 327
  • Lot: 37
  • Municipality: LACEY TWP
  • Latitude: 39.8444
  • Longitude: -74.1803

    Address

  • Full Address: 233 Chestnut Ln
  • Address - House Number: 233
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2715
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $413,450

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 348,454
  • High Value: 426,782
  • Low Value: 270,127

    Market Valuation

  • Market Total Value: $182,700
  • Market Land Value: $97,000
  • Market Improvement Value: $85,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,700
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $85,700

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020083539
  • Previous Sale Recording Date: Jan 06, 2014
  • Previous Sale Contract Date: Dec 27, 2013
  • Previous Sale Amount: $150,000
  • 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

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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 429 Tappan Street, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
429 Tappan Street, Forked River, NJ, 08731 Listing by Mary Albanese
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: Sandra Baricevic, Keller Williams Preferred Properties,Bayville
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22004264
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 233 Chestnut Lane built and last sold?
The property at 233 Chestnut Lane was built in 1979 and last sold on Jul 27, 2020 for $199,000.
How much is this home worth?
The estimated value of the home located at 233 Chestnut Lane is $0.
What are some comparable homes to 233 Chestnut Lane?
There are currently no comparable homes to 233 Chestnut Lane.
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