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Ocean 08731
2422 Capshaw Road
$532,500
● House - Off Market

2422 Capshaw Road

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,664 Ft²
$3,321
Est. Monthly
5.26%
Cap Rate

About This Property

This is a one of a kind find! Located in the beautiful Bamber Lake Area sits this 3 bedroom ( with potential 4th) home on almost three quarters of an acre and has amazing potential! the detached garage  will wow you with the space it offers not only on the garage level but with an upper floor that has three rooms and  an open loft area.
Unit Size
2,664 Ft²
Days on Market
125 days
Land Size
0.69 acres
Price per sqft
$201
Property Type
House
Property Taxes
$693
HOA Dues
-
Year Built
1960

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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: 10 months ago (MOMLS #22525141)

Price History

Date / Event Date Event Price
Dec 22, 2025 Sold
Premium
Sold
Dec 3, 2025 In contract -
In contract
Sep 11, 2025 Price Decreased $535,000
↓ $14K (2.6%)
Price Decreased
Aug 19, 2025 Listed by RE/MAX at Barnegat Bay $549,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,664
  • Building Area: 2,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: BLK 4035 LOT 1

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732001

Zoning

  • Zoning: VR

Geography

  • Assessors Map Reference: TAX MAP 113
  • Account Number: 00165923
  • District: 13
  • Parcel: 13 04036-0000-00007
  • Block: 4036
  • Lot: 7
  • Municipality: LACEY TWP
  • Latitude: 39.8924
  • Longitude: -74.3135

    Address

  • Full Address: 2422 Capshaw Rd
  • Address - House Number: 2422
  • Address - Street Name: Capshaw
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R013
  • 4-Digit Zip Code: 5705
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $742,943

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 526,263
  • High Value: 606,824
  • Low Value: 445,703

    Market Valuation

  • Market Total Value: $328,300
  • Market Land Value: $115,000
  • Market Improvement Value: $213,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,300
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $213,300

    Sales

  • Current Sale Contract Date: Feb 08, 1994
  • Current Sale Recording Date: Feb 18, 1994
  • Current Sale Price:
    Premium
  • Current 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

28.8 years

Currently For Sale

4270 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Camille A Simms, RE/MAX at Barnegat Bay
Last Updated: 10 months ago
Data Source: MOMMLS, MLS# 22525141
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 2422 Capshaw Road built and last sold?
The property at 2422 Capshaw Road was built in 1960 and last sold on Feb 8, 1994 for $63,000.
How much is this home worth?
The estimated value of the home located at 2422 Capshaw Road is $571,010.
What are some comparable homes to 2422 Capshaw Road?
There are currently no comparable homes to 2422 Capshaw Road.
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