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Toms River 08753
301 Maria Drive
$680,000
● House - Off Market

301 Maria Drive

Toms River, NJ 08753
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,358 Ft²
$4,026
Est. Monthly
4.41%
Cap Rate

About This Property

Welcome to your waterfront retreat! Amazing home nestled in the heart of Silverton on corner lot at the end of lagoon offering a perfect blend of tranquility & water enthusiast's dream!  An open floor plan creates a seamless flow perfect for entertaining & enjoying captivating water views! Wake to picturesque sunrises & let the salty breeze embrace you as you start your day! First level bedroom w/ adjoining bath ideal for guests. Second level features primary bedroom w/en suite bath & third good sized bedroom. Highlights: whole house generator, vinyl bulkhead, composite 2 level 25 ft dock, composite deck with storage below, garage gym & more! Bring your boat, jet ski, kayak or paddle board to fully embrace the waterfront lifestyle! Just minutes to Silver Bay!
Unit Size
1,358 Ft²
Days on Market
-
Land Size
-
Price per sqft
$493
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
1981

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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 #22405361)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Feb 28, 2024 Listed by C21 Thomson & Co. $669,900
Listed by C21 Thomson & Co.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,797
  • Total Building Area: 1,028
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 2,3

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 722402

Zoning

  • Zoning: R50

Geography

  • Assessors Map Reference: TAX MAP 23
  • District: 08
  • Parcel: 08 00297- 06-00001
  • Block: 297.06
  • Lot: 1
  • Municipality: DOVER TWP
  • Latitude: 40.0067
  • Longitude: -74.122

    Address

  • Full Address: 301 Maria Dr
  • Address - House Number: 301
  • Address - Street Name: Maria
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C020
  • 4-Digit Zip Code: 2440
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $851,347

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 674,487
  • High Value: 735,298
  • Low Value: 613,675

    Market Valuation

  • Market Total Value: $510,400
  • Market Land Value: $290,000
  • Market Improvement Value: $220,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $510,400
  • Assessed Land Value: $290,000
  • Assessed Improvements Value: $220,400

    Sales

  • Current Sale Contract Date: Sep 02, 1999
  • Current Sale Recording Date: Sep 09, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 082359
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:

$525,000

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1751 ft²

Average Home Age

45.7 years

Currently For Sale

339 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 40 Channel Road, Toms River, NJ, 08753

$3,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,264 ft²
40 Channel Road, Toms River, NJ, 08753 Listing by Summit Tognetti
Unit for rent at 87 Captains Court, Brick, NJ, 08723

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,216 ft²
87 Captains Court, Brick, NJ, 08723 Listing by Gabriela Flanagan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Norma L Walling, C21 Thomson & Co.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22405361
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 Maria Drive built and last sold?
The property at 301 Maria Drive was built in 1981 and last sold on Sep 2, 1999 for $195,000.
How much is this home worth?
The estimated value of the home located at 301 Maria Drive is $665,236.
What are some comparable homes to 301 Maria Drive?
There are currently no comparable homes to 301 Maria Drive.
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