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Ocean 08731
247 Hemlock Lane
$225,000
● House - Off Market

247 Hemlock Lane

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,604 Ft²
$369,092
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Desirable Sunrise Beach - Spacious 3 Bedroom Ranch with Open Floor Plan and Over 1600 sq ft. Whether you're just starting out or downsizing, this could be the home you've been waiting for. This home features a Large Living Room w/HW Flrs, Open to the EIK, Dining Room & Family Room with Gas Fireplace & Sliders out to the Deck. Huge Laundry Room, Sunroom with Hot Tub and access to your Backyard Paradise! There you will find an enormous amount of Entertaining Space - Multi-tiered Deck, Above Ground Pool & Fenced Yard. Huge Storage Shed is included too! All of this is located on a dead end street - great location! Optional $50 Sunrise Beach Assoc annual fee includes use of the Boat Ramp (just down the street) & Bayside Playground. USDA AREA - $0 Down for qualified Buyers! This one's a Winner!
Unit Size
1,604 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$411
HOA Dues
$4
Year Built
1975

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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 #21708156)

Price History

Date / Event Date Event Price
Jun 16, 2017 Sold
Premium
Sold
Mar 3, 2017 Listed by RE/MAX New Beginnings Realty-Toms River $229,900
Listed by RE/MAX New Beginnings Realty-Toms River

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • 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: 7,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,604
  • Building Area: 1,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,604
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 13,14

Neighborhood

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

Zoning

  • Zoning: R75B

Geography

  • Assessors Map Reference: TAX MAP 25
  • Account Number: 29876
  • District: 13
  • Parcel: 13 00332-0000-00012
  • Block: 332
  • Lot: 12
  • Municipality: LACEY TWP
  • Latitude: 39.8465
  • Longitude: -74.1814

    Address

  • Full Address: 247 Hemlock Ln
  • Address - House Number: 247
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2709
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $549,004

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 239,281
  • High Value: 344,149
  • Low Value: 134,412

    Market Valuation

  • Market Total Value: $242,600
  • Market Land Value: $97,000
  • Market Improvement Value: $145,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,600
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $145,600

    Sales

  • Current Sale Contract Date: Jun 16, 2017
  • Current Sale Recording Date: Jul 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017067381
  • Previous Sale Recording Date: Aug 28, 2003
  • Previous Sale Contract Date: Jul 23, 2003
  • Previous Sale Document Type: 27

    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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.7 years

Currently For Sale

4267 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: Grace Talarico, RE/MAX New Beginnings Realty-Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21708156
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 247 Hemlock Lane built and last sold?
The property at 247 Hemlock Lane was built in 1975 and last sold on Jun 16, 2017 for $225,000.
How much is this home worth?
The estimated value of the home located at 247 Hemlock Lane is $0.
What are some comparable homes to 247 Hemlock Lane?
There are currently no comparable homes to 247 Hemlock Lane.
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