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Ocean
329 Lawrence Drive
$345,000
● House - Off Market

329 Lawrence Drive

Lanoka Harbor, NJ 08734
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$1,780
Est. Monthly
7.17%
Cap Rate

About This Property

Attractive and well priced 2 bedroom ranch with an attached garage and large fenced in back yard in Lanoka Harbor! Discover the value offered in this property with excellent curb appeal and set on an oversized lot in a quiet residential neighborhood. The open living room greets you as you walk in and has a gas fireplace, the eat in kitchen is complete with a pantry and has a separate dining area and a sliding door out to the back yard. There are 2 spacious bedrooms and the garage is complete with a laundry area and a door out to the yard. The condenser for the central air conditioning is new and there is a separate well for outside irrigation. Don't miss your chance to check this home out, make your plans today!
Unit Size
864 Ft²
Days on Market
44 days
Land Size
0.22 acres
Price per sqft
$347
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1972

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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 #22426461)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Sep 24, 2024 In contract -
In contract
Sep 11, 2024 Listed by RE/MAX at Barnegat Bay $299,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 43
  • Account Number: 00048537
  • District: 13
  • Parcel: 13 00767- 03-00007
  • Block: 767.03
  • Lot: 7
  • Municipality: LACEY TWP
  • Latitude: 39.8629
  • Longitude: -74.1609

    Address

  • Full Address: 329 Lawrence Dr
  • Address - House Number: 329
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R005
  • 4-Digit Zip Code: 2513
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $352,123

    Appraisal Valuation

  • Standard Deviation: 0.2251
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 326,908
  • High Value: 400,523
  • Low Value: 253,293

    Market Valuation

  • Market Total Value: $155,600
  • Market Land Value: $82,000
  • Market Improvement Value: $73,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,600
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $73,600

    Sales

  • Current Sale Contract Date: Mar 31, 2014
  • Current Sale Recording Date: Apr 11, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2014029625
  • Previous Sale Recording Date: Jan 25, 2002
  • Previous Sale Contract Date: Jan 24, 2002
  • Previous Sale Amount: $89,900
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1588 ft²

Average Home Age

32.5 years

Currently For Sale

3034 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 223 Butler Boulevard, Bayville, NJ, 08721

$2,250 /mo

  • 2 Beds
  • 1 Bath
  • 891 ft²
223 Butler Boulevard, Bayville, NJ, 08721 Listing by Josephine Mahnken

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Robert N Lange, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22426461
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 329 Lawrence Drive built and last sold?
The property at 329 Lawrence Drive was built in 1972 and last sold on Mar 31, 2014 for $155,000.
How much is this home worth?
The estimated value of the home located at 329 Lawrence Drive is $299,609.
What are some comparable homes to 329 Lawrence Drive?
There are currently no comparable homes to 329 Lawrence Drive.
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