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Ocean 08731
246 Hemlock Lane
$342,000
● House - Off Market

246 Hemlock Lane

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,669 Ft²
$339,720
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Custom built sprawling ranch on oversized lot located on quiet dead end street in Sunrise Beach. Home boasts generous room sizes, large living room, dining room, eat-in kitchen w/breakfast bar & family room, all open for entertaining, plus 3 season room w/gas fireplace, newer roof & A/C...175x100 Lot is huge with plenty of room for expansion or a pool. Sunrise Beach Club privileges w/property owner's annual membership fee includes access to bayfront park on Barnegat Bay w/beach, playground, pavilion & boat ramp. Home is so convenient to Route 9 shopping centers w/everything you need located so close, plus parks, beaches, restaurants w/docking access and all that's fun to do at the Jersey Shore!
Unit Size
1,669 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$198
Property Type
House
Property Taxes
$470
HOA Dues
$3
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22201688)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Jan 20, 2022 Listed by Keller Williams Preferred Properties,Bayville $329,900
Listed by Keller Williams Preferred Properties,Bayville

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 2
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,500
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,669
  • Building Area: 1,669
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,669
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000402
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 36,37,38,39,40

Neighborhood

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

Zoning

  • Zoning: R75B

Geography

  • Assessors Map Reference: TAX MAP 25
  • Account Number: 00029834
  • District: 13
  • Parcel: 13 00331-0000-00035
  • Block: 331
  • Lot: 35
  • Municipality: LACEY TWP
  • Latitude: 39.8463
  • Longitude: -74.1819

    Address

  • Full Address: 246 Hemlock Ln
  • Address - House Number: 246
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2710
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $574,123

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 447,554
  • High Value: 544,290
  • Low Value: 350,819

    Market Valuation

  • Market Total Value: $253,700
  • Market Land Value: $112,500
  • Market Improvement Value: $141,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,700
  • Assessed Land Value: $112,500
  • Assessed Improvements Value: $141,200

    Sales

  • Current Sale Contract Date: Mar 04, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 37511
  • Previous Sale Recording Date: Nov 12, 1984
  • Previous Sale Contract Date: Nov 12, 1984
  • Previous Sale Amount: $18,000
  • 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

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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: Laurie Kelly, Keller Williams Preferred Properties,Bayville
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22201688
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 246 Hemlock Lane built and last sold?
The property at 246 Hemlock Lane was built in 1985 and last sold on Mar 4, 2022 for $342,000.
How much is this home worth?
The estimated value of the home located at 246 Hemlock Lane is $0.
What are some comparable homes to 246 Hemlock Lane?
There are currently no comparable homes to 246 Hemlock Lane.
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