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Pine Beach 08741
315 Springfield Avenue
$329,000
● House - Off Market

315 Springfield Avenue

Pine Beach, NJ 08741
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,114 Ft²
$340,157
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Bring your paint brush!  With a little sprucing up you have a fantastic Pine Beach rancher. Can be 3bedrooms, two full baths. Family room.  Enjoy everything the SHORE offers.  Boating, fishing, swimming a few blocks away. Close to schools ,restaurants GSP, shopping.  Pine Beach = living the dream.
Unit Size
1,114 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$295
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1952

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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 #22216576)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
Jun 7, 2022 Listed by RE/MAX New Beginnings Realty $329,000
Listed by RE/MAX New Beginnings Realty
Bring your paint brush! With a little sprucing up you have a fantastic Pine Beach rancher. Can be 3bedrooms, two full baths. Family room. Enjoy everything the SHORE offers. Boating, fishing, swimming a few blocks away. Close to schools ,restaurants GSP, shopping. Pine Beach = living the dream.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 988
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,114
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L13,15

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 730000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 2
  • District: 23
  • Parcel: 23 00067-0000-00011
  • Block: 67
  • Lot: 11
  • Municipality: PINE BEACH BORO
  • Latitude: 39.9365
  • Longitude: -74.1746

    Address

  • Full Address: 315 Springfield Ave
  • Address - House Number: 315
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Pine Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1054
  • Zip Code: 08741

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $477,918

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 386,265
  • High Value: 474,548
  • Low Value: 297,982

    Market Valuation

  • Market Total Value: $315,700
  • Market Land Value: $145,000
  • Market Improvement Value: $170,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,700
  • Assessed Land Value: $145,000
  • Assessed Improvements Value: $170,700

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Aug 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 91969
  • Previous Sale Recording Date: Feb 03, 1997
  • Previous Sale Contract Date: Jan 31, 1997
  • Previous Sale Amount: $100,000
  • 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 Pine Beach

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$346

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1100 ft²

Average Home Age

97.3 years

Currently For Sale

3 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 145 Central Avenue, Island Heights, NJ, 08732

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 806 ft²
145 Central Avenue #11A, Island Heights, NJ, 08732 Listing by Jasmin Elalfy
Unit for rent at 544 Pacific Avenue, Beachwood, NJ, 08722

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,010 ft²
544 Pacific Avenue, Beachwood, NJ, 08722 Listing by Anna Eichen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Cynthia Leonard, RE/MAX New Beginnings Realty-Toms River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22216576
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 Springfield Avenue built and last sold?
The property at 315 Springfield Avenue was built in 1952 and last sold on Jul 25, 2022 for $329,000.
How much is this home worth?
The estimated value of the home located at 315 Springfield Avenue is $0.
What are some comparable homes to 315 Springfield Avenue?
There are currently no comparable homes to 315 Springfield Avenue.
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