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Ocean 08731
249 Sunset Drive
$279,000
● House - Off Market

249 Sunset Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,409 Ft²
$286,878
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Ranch situated on large corner lot.   3 Bedroom/2 Bath w/ 2 Car Garage.  House Needs work.  Sold AS IS/Where Is.  Buyer to use due diligence and Buyer to obtain any CO as required to close.
Unit Size
1,409 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$181
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1993

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: 3 years ago (MOMLS #22117677)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Real Estate, LTD $254,900
Listed by Real Estate, LTD

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,322
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 1,409
  • Building Area: 1,409
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,409
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 26
  • Account Number: 00028600
  • District: 13
  • Parcel: 13 00321-0000-00108
  • Block: 321
  • Lot: 108
  • Municipality: LACEY TWP
  • Latitude: 39.8442
  • Longitude: -74.173

    Address

  • Full Address: 249 Sunset Dr
  • Address - House Number: 249
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2915
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $579,781

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 420,850
  • High Value: 515,450
  • Low Value: 326,249

    Market Valuation

  • Market Total Value: $256,200
  • Market Land Value: $129,000
  • Market Improvement Value: $127,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $256,200
  • Assessed Land Value: $129,000
  • Assessed Improvements Value: $127,200

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 94575
  • Previous Sale Recording Date: Oct 22, 2021
  • Previous Sale Contract Date: Oct 01, 2021
  • Previous Sale Amount: $279,000
  • 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

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

Unit for rent at 101 Maria Loretta Lane, Forked River, NJ, 08731

$3,200 /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

$3,300 /mo

  • 3 Beds
  • 3 Baths
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: Janet P Strzalkowski, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22117677
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 249 Sunset Drive built and last sold?
The property at 249 Sunset Drive was built in 1993 and last sold on Aug 12, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 249 Sunset Drive is $267,978.
What are some comparable homes to 249 Sunset Drive?
There are currently no comparable homes to 249 Sunset Drive.
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