$874,900
●
House -
In Contract
27 PENN PLACE
FORKED RIVER, NJ 08731
4 Beds
2 Baths,
1
Half Bath
3,153 Ft²
$5,322
Est. Monthly
About This Property
BACK ON MARKET 08/14/26 - PRIVACY ABOUNDS - Nestled in the
quiet and sought after subdivision, Vineyards at Cranberry Hill,
this spacious 4br, 2.5 bath Colonial style home is sure to please.
Hear nature sing in your own backyard... complete with inground
pool, paver patio, tree lined perimeter and generous buffer area.
Pride in ownership shows on the inside as well, boasting hardwood
floors, cathedral ceilings, an open floor plan, crown molding,
master suite with sitting area, full unfinished basement and more.
Only a short walk or bike ride to local shopping and includes
sidewalks, underground utilities and street lights. If you've been
searching for a great neighborhood you don't want to miss this
opportunity.
Unit Size
3,153 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$277
Property Type
House
Property Taxes
$1,026
HOA Dues
-
Year Built
2001
Listed By
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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 months ago (Bright MLS #NJOC2042582)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Relisted | $874,900 | |
| Relisted | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$874,900
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by RE/MAX at Barnegat Bay - Forked River | $879,900 | |
| Listed by RE/MAX at Barnegat Bay - Forked River | |||
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Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, Garage, Driveway
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Recessed Lighting, Other, Attic, Dining Area, Sprinkler System, Wood Floors
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Stove
Rooms: 8
Basement: Full, Unfinished
Exterior Details
Square Footage: 3153
Square Footage Source: $0
Architectural Style: Colonial
Year Built Source: Estimated
Year Built: 2001
Levels: 2
Other Structures: Above Grade, Below Grade
Construction Materials: Vinyl Siding
Lot Features: Backs to Trees
Lot Size Area: 21275
Lot Size Units: Square Feet
Lot Size Acres: 0.49
Lot Size Square Feet: 21275
Lot Size Dimensions: 115.00 x 185.00
Tax Lot: 00013 06
Water Source: Public
Financial Details
Tax Assessed Value: $450,000
Tax Annual Amount: $12,307
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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HOA + Taxes
About Ocean
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Listed by: Gregory Broome
RE/MAX at Barnegat Bay - Forked River
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJOC2042582
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
RE/MAX at Barnegat Bay - Forked River
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJOC2042582
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