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Ocean 08731
315 Cliff Lane
$270,000
● House - Off Market

315 Cliff Lane

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$436,105
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

A little piece of heaven located close to the  G.S.P and lakes. This home is 2 years young and waiting to entertain your family in this open floor plan, with hardwood floors on the first floor.  Bedrooms are all a great size. Master has walk-in closet, and full Master Bath. Come spend the Holidays in the beauty.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
2014

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 #21640311)

Price History

Date / Event Date Event Price
May 10, 2017 Sold
Premium
Sold
Oct 19, 2016 Listed by RE/MAX at Barnegat Bay $269,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,982
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,649
  • Building Area: 1,649
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,649
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARNEGAT PINES REALTY CO INC
  • Land Acres: 0000000045
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 13

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 68
  • Account Number: 00094041
  • District: 13
  • Parcel: 13 01434-0000-00012
  • Block: 1434
  • Lot: 12
  • Municipality: LACEY TWP
  • Latitude: 39.8454
  • Longitude: -74.1994

    Address

  • Full Address: 315 Cliff Ln
  • Address - House Number: 315
  • Address - Street Name: Cliff
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R006
  • 4-Digit Zip Code: 2657
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $533,615

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 449,545
  • High Value: 536,530
  • Low Value: 362,560

    Market Valuation

  • Market Total Value: $235,800
  • Market Land Value: $62,000
  • Market Improvement Value: $173,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,800
  • Assessed Land Value: $62,000
  • Assessed Improvements Value: $173,800

    Sales

  • Current Sale Contract Date: May 10, 2017
  • Current Sale Recording Date: May 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017050665
  • Previous Sale Recording Date: Mar 07, 2013
  • Previous Sale Contract Date: Mar 01, 2013
  • Previous Sale Amount: $24,500
  • Previous Sale Document Type: 27

    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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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 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
Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christine A Eckart, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21640311
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 315 Cliff Lane built and last sold?
The property at 315 Cliff Lane was built in 2014 and last sold on May 10, 2017 for $270,000.
How much is this home worth?
The estimated value of the home located at 315 Cliff Lane is $0.
What are some comparable homes to 315 Cliff Lane?
There are currently no comparable homes to 315 Cliff Lane.
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