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Ocean 08731
308 Briggs Avenue
$82,000
● House - Off Market

308 Briggs Avenue

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$172,175
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model
Unit Size
720 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21300669)

Price History

Date / Event Date Event Price
Feb 28, 2013 Sold
Premium
Sold
Jan 6, 2013 Listed by United Real Estate Associates $82,000
Listed by United Real Estate Associates
Dec 15, 2012 Listed by United Real Estate Associates $82,000
Listed by United Real Estate Associates
None Available

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 2
  • 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: 360
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 38,39,40

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732001

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 74
  • Account Number: 00113471
  • District: 13
  • Parcel: 13 01611-0000-00037
  • Block: 1611
  • Lot: 37
  • Municipality: LACEY TWP
  • Latitude: 39.8484
  • Longitude: -74.196

    Address

  • Full Address: 308 Briggs Ave N
  • Address - House Number: 308
  • Street Segment Direction: N
  • Address - Street Name: Briggs
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R008
  • 4-Digit Zip Code: 2536
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $352,123

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 297,435
  • High Value: 354,988
  • Low Value: 239,883

    Market Valuation

  • Market Total Value: $155,600
  • Market Land Value: $93,100
  • Market Improvement Value: $62,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,600
  • Assessed Land Value: $93,100
  • Assessed Improvements Value: $62,500

    Sales

  • Current Sale Contract Date: Feb 28, 2013
  • Current Sale Recording Date: Apr 08, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2013037345
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1586 ft²

Average Home Age

35.2 years

Currently For Sale

3027 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 115 Parker Avenue, Forked River, NJ, 08731

$2,300 /mo

  • 2 Beds
  • 1 Bath
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski
Unit for rent at 218 Conifer Drive, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
218 Conifer Drive, Forked River, NJ, 08731 Listing by Lori Komsa

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Paul Quinn, United Real Estate Associates
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21300669
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 308 Briggs Avenue North built and last sold?
The property at 308 Briggs Avenue North was built in 1930 and last sold on Feb 28, 2013 for $82,000.
How much is this home worth?
The estimated value of the home located at 308 Briggs Avenue North is $88,477.
What are some comparable homes to 308 Briggs Avenue North?
There are currently no comparable homes to 308 Briggs Avenue North.
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