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Ocean 08731
314 Lakeside Drive N
$274,500
● House - Off Market

314 Lakeside Drive N

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$316,721
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Always wanted to live close to the lake? Here is your opportunity to take steps to the 2nd lake in Forked River. Charming 2 bedrooms with hardwood floors, 1 full bath, tiled floor, sunroom with french doors for home office or 3rd bedroom, views of the lake, back deck to take in the sun. Fenced yard. Detached garage Gas heat and central air! Must see this won't last! This hidden gem is perfect to enjoy the atmosphere in a park like setting.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$363
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1964

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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 #22121003)

Price History

Date / Event Date Event Price
Sep 7, 2021 Sold
Premium
Sold
Jun 28, 2021 Listed by EXP Realty $279,000
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,875
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 650
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 11,12

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732003

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 61
  • Account Number: 00092829
  • District: 13
  • Parcel: 13 01421-0000-00010
  • Block: 1421
  • Lot: 10
  • Municipality: LACEY TWP
  • Latitude: 39.8444
  • Longitude: -74.2013

    Address

  • Full Address: 314 Lakeside Dr N
  • Address - House Number: 314
  • Street Segment Direction: N
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R006
  • 4-Digit Zip Code: 4228
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $301,884

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 298,291
  • High Value: 365,343
  • Low Value: 231,240

    Market Valuation

  • Market Total Value: $133,400
  • Market Land Value: $58,000
  • Market Improvement Value: $75,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,400
  • Assessed Land Value: $58,000
  • Assessed Improvements Value: $75,400

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021130932
  • Previous Sale Recording Date: Nov 10, 1998
  • Previous Sale Contract Date: Nov 09, 1998
  • Previous Sale Amount: $81,000
  • 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

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1598 ft²

Average Home Age

29.1 years

Currently For Sale

4374 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: Tina Pilot, EXP Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22121003
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 314 Lakeside Drive North built and last sold?
The property at 314 Lakeside Drive North was built in 1964 and last sold on Sep 7, 2021 for $274,500.
How much is this home worth?
The estimated value of the home located at 314 Lakeside Drive North is $0.
What are some comparable homes to 314 Lakeside Drive North?
There are currently no comparable homes to 314 Lakeside Drive North.
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