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Ocean 08731
325 Normandie Drive
Photo of 325 Normandie Drive
Sold on Jan 23, 2024

50

Map

Photo of 325 Normandie Drive
Photo of 325 Normandie Drive
$375,000
● House - Off Market

325 Normandie Drive

Lacey, NJ 08731
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$2,285
Est. Monthly

About This Property

This well maintained 4-bedroom, 1.5-bathroom ranch home is a true gem. With its inviting curb appeal and a private backyard, this home checks a lot of the boxes. As you enter the home, you'll appreciate the open floor plan and newer windows. The highlight of the interior is the new luxury vinyl plank flooring. The home is freshly painted with a neutral color palette just waiting for your personal style. The living room provides a cozy space for relaxation, while the updated main bathroom boasts modern fixtures and finishes. The 4 bedrooms offer versatility and comfort.  Step outside, and you'll discover your own private paradise that backs to woods. The yard features several patios with stone/slate walkway winding around the mature plantings and fruit trees. Your backyard stays lush and hydrated with in-ground sprinklers. A dedicated BBQ shed ensures that grilling aficionados can grill year-round while a large storage shed provides ample space for your outdoor equipment and tools.
Unit Size
-
Days on Market
126 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1975

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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 months ago (CJMLS #2353162M)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Dec 30, 2023 In contract -
In contract
Sep 15, 2023 Listed by MCGEEHAN REALTY GROUP LLC $389,000
Listed by MCGEEHAN REALTY GROUP LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,703
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,492
  • Building Area: 1,492
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,492
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • 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 32
  • Account Number: 00037617
  • District: 13
  • Parcel: 13 00434-0000-00006
  • Block: 434
  • Lot: 6
  • Municipality: LACEY TWP
  • Latitude: 39.8495
  • Longitude: -74.1788

    Address

  • Full Address: 325 Normandie Dr
  • Address - House Number: 325
  • Address - Street Name: Normandie
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1703
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $449,884

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 367,332
  • High Value: 400,451
  • Low Value: 334,214

    Market Valuation

  • Market Total Value: $198,800
  • Market Land Value: $83,500
  • Market Improvement Value: $115,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,800
  • Assessed Land Value: $83,500
  • Assessed Improvements Value: $115,300

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6195
  • Previous Sale Recording Date: Apr 16, 2012
  • Previous Sale Contract Date: Jan 30, 2012
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 12
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

1596 ft²

Average Home Age

28.8 years

Currently For Sale

4270 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 429 Tappan Street, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
429 Tappan Street, Forked River, NJ, 08731 Listing by Mary Albanese
Unit for rent at 501 Adolphus Street, Forked River, NJ, 08731

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,188 ft²
501 Adolphus Street, Forked River, NJ, 08731 Listing by Alyssa Giglio
Unit for rent at 435 Laurel Boulevard, Lanoka Harbor, NJ, 08734

$4,700 /mo

  • 4 Beds
  • 2 Baths
  • 2,556 ft²
435 Laurel Boulevard, Lanoka Harbor, NJ, 08734 Listing by Ronald J Stoner

Rentals Near You

Click here to view more rentals in the neighborhood.
CJMLS

Listed by: ROSEMARIE MCGEEHAN
MCGEEHAN REALTY GROUP LLC
Last Updated: 3 months ago
Data Source: CJMLS , MLS# 2353162M

Frequently Asked Questions

When was property at 325 Normandie Drive built and last sold?
The property at 325 Normandie Drive was built in 1975 and last sold on Jan 18, 2024 for $375,000.
How much is this home worth?
The estimated value of the home located at 325 Normandie Drive is $0.
What are some comparable homes to 325 Normandie Drive?
There are currently no comparable homes to 325 Normandie Drive.
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