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Ocean
301 Hemlock Drive
$243,000
● House - Off Market

301 Hemlock Drive

Lanoka Harbor, NJ 08734
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,246 Ft²
$358,843
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Lovingly maintained, updated 3 bedroom 1 bath ranch on a large 100 x 100 corner lot with private yard surrounded by vinyl fencing. Kitchen with granite counters, tumbled Italian tile back-splash also features custom breakfast bar offering additional counter space and storage. Dining room adjacent to kitchen allows easy access to the huge patio space and outdoor entertaining. Hardwood floors throughout LR, DR and 3 generous sized bedrooms. Updated tiled bath with tub. Home has new roof 12/18, newer tankless hot water heater (never run out of hot water!), windows and siding with insulation and body wrap. Large laundry room with slop sink and additional storage, 1 car garage, private fenced yard, storage shed and above ground pool. Close to beaches, shopping, Rte 9 and GSP! Not to be missed!
Unit Size
1,246 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$197
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1970

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: 2 years ago (MOMLS #21926366)

Price History

Date / Event Date Event Price
Oct 17, 2019 Sold
Premium
Sold
Jun 25, 2019 Listed by eKey Realty $245,000
Listed by eKey Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,262
  • Building Area: 1,262
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,262
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL HARBOR SECTION A
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 2,3,4

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 43
  • Account Number: 00049517
  • District: 13
  • Parcel: 13 00780-0000-00001
  • Block: 780
  • Lot: 1
  • Municipality: LACEY TWP
  • Latitude: 39.86
  • Longitude: -74.1652

    Address

  • Full Address: 301 Hemlock Dr
  • Address - House Number: 301
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R002
  • 4-Digit Zip Code: 2423
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $453,505

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 381,647
  • High Value: 455,495
  • Low Value: 307,800

    Market Valuation

  • Market Total Value: $200,400
  • Market Land Value: $82,000
  • Market Improvement Value: $118,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,400
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $118,400

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Dec 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019125673
  • Previous Sale Recording Date: Jul 03, 2007
  • Previous Sale Contract Date: Apr 27, 2007
  • Previous Sale Amount: $250,000
  • 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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1593 ft²

Average Home Age

24.1 years

Currently For Sale

4226 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 255 Pine Drive, Bayville, NJ, 08721

$3,000 /mo

  • 3 Beds
  • 2 Baths
255 Pine Drive, Bayville, NJ, 08721 Listing by Patricia A Karnatski
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Patricia Monagle, eKey Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21926366
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 301 Hemlock Drive built and last sold?
The property at 301 Hemlock Drive was built in 1970 and last sold on Oct 15, 2019 for $243,000.
How much is this home worth?
The estimated value of the home located at 301 Hemlock Drive is $0.
What are some comparable homes to 301 Hemlock Drive?
There are currently no comparable homes to 301 Hemlock Drive.
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