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Toms River 08753
299 Morrell Drive
$151,000
● House - Off Market

299 Morrell Drive

Toms River, NJ 08753
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,146 Ft²
$354,229
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

Great for 1st home buyer. Many upgrades, kitchen, windows, siding, deck. Laminate fls. in living room and hardwood under carpeting. Bright and cheery eatin kitchen with tiled floor. Enclosed front porch. Large rear deck with access to garage and untility room. Attic storage. Crawl space with new vents. Flood insurance required. Please call owner Jessica to show so that arrangements can be made to remove friendly dogs then lockbox. Baseboard gas heat.
Unit Size
1,146 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$144
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1950

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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 #21203566)

Price History

Date / Event Date Event Price
Jul 3, 2012 Sold
Premium
Sold
Jan 28, 2012 Listed by Weichert Realtors-Toms River $165,000
Listed by Weichert Realtors-Toms River

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 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: 3,760
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,146
  • Building Area: 1,146
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,146
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 12

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 722401

Zoning

  • Zoning: R50

Geography

  • Assessors Map Reference: TAX MAP 2401
  • District: 08
  • Parcel: 08 00387- 04-00011
  • Block: 387.04
  • Lot: 11
  • Municipality: DOVER TWP
  • Latitude: 40.0149
  • Longitude: -74.1198

    Address

  • Full Address: 299 Morrell Dr
  • Address - House Number: 299
  • Address - Street Name: Morrell
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C037
  • 4-Digit Zip Code: 1927
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $418,835
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 377,302
  • High Value: 461,982
  • Low Value: 292,621

    Market Valuation

  • Market Total Value: $251,100
  • Market Land Value: $68,000
  • Market Improvement Value: $183,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $251,100
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $183,100

    Sales

  • Current Sale Contract Date: Jan 09, 2024
  • Current Sale Recording Date: Jan 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 6342
  • Previous Sale Recording Date: Jul 18, 2012
  • Previous Sale Contract Date: Jul 03, 2012
  • Previous Sale Amount: $151,000
  • Previous Sale Document Type: 12
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 Toms River

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$300

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1866 ft²

Average Home Age

45 years

Currently For Sale

534 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 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki
Unit for rent at 1821 Capstan Drive, Toms River, NJ, 08753

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
1821 Capstan Drive, Toms River, NJ, 08753 Listing by Vincent Prestinari

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joanne D'Aronzo, Weichert Realtors-Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21203566
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 299 Morrell Drive built and last sold?
The property at 299 Morrell Drive was built in 1950 and last sold on Jan 9, 2024 for $300,000.
How much is this home worth?
The estimated value of the home located at 299 Morrell Drive is $0.
What are some comparable homes to 299 Morrell Drive?
There are currently no comparable homes to 299 Morrell Drive.
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