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Ocean 08731
309 Pine Forest Lane
$181,500
● House - Off Market

309 Pine Forest Lane

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,164 Ft²
$320,736
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Pleasing home with almost all the big ticket items done for you. 6 month young new kitchen w/Silestone counters, glass ceramic backsplash, deep s/s/sink, ceramic tile floor. 2005 - newer furnace. 1 yr young full bath, roof about 10 yrs young,new gutters. Laundry mud room w/new ceramic tile floor, convenient slop sink & storage. PLUS nice sized family room/sun room filled with light overlooking backyard. Plenty of storage w/2 closets in master bedroom. Ceiling fans & central air for cooling. All appliances included.All freshly painted. Oversized 1 car garage w/workbench area so you can spruce up the solid oak hardwood floors THROUGHOUT the house & spiffy up the landscaping. No flood insurance. Do a little, save ALOT! Quick closing possible.
Unit Size
1,164 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$301
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 #21623128)

Price History

Date / Event Date Event Price
Aug 10, 2016 Sold
Premium
Sold
Jun 10, 2016 Listed by Pacesetter Realty $189,900
Listed by Pacesetter Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 26
  • Account Number: 00038223
  • District: 13
  • Parcel: 13 00438-0000-00011
  • Block: 438
  • Lot: 11
  • Municipality: LACEY TWP
  • Latitude: 39.8463
  • Longitude: -74.1748

    Address

  • Full Address: 309 Pine Forest Ln
  • Address - House Number: 309
  • Address - Street Name: Pine Forest
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2808
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $420,239

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 370,326
  • High Value: 453,570
  • Low Value: 287,082

    Market Valuation

  • Market Total Value: $185,700
  • Market Land Value: $97,000
  • Market Improvement Value: $88,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,700
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $88,700

    Sales

  • Current Sale Contract Date: Aug 10, 2016
  • Current Sale Recording Date: Aug 18, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016082747
  • Previous Sale Recording Date: Aug 22, 2005
  • Previous Sale Contract Date: Aug 05, 2005
  • Previous Sale Amount: $239,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3042 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
  • 680 ft²
115 Parker Avenue, Forked River, NJ, 08731 Listing by Candace Golembeski

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Bertini, Pacesetter Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21623128
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 309 Pine Forest Lane built and last sold?
The property at 309 Pine Forest Lane was built in 1970 and last sold on Aug 10, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 309 Pine Forest Lane is $0.
What are some comparable homes to 309 Pine Forest Lane?
There are currently no comparable homes to 309 Pine Forest Lane.
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