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Ocean 08731
340 Normandie Drive
$118,900
● House - Off Market

340 Normandie Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
$184,109
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

HIGHEST AND BEST CALLED FOR ON THIS PROPERTY THURSDAY  3-28-2019 BY11:59PM   HANDYMAN /INVESTORS CHECK THIS ONE OUT.   HOUSE IS READY FOR SOME MAJOR WORK BUT HAS GREAT POTENTIAL.   A NEWER KITCHEN , 78 X 120 LOT  , GOOD  LOCATION CONVENIENT TO HIGHWAYS, SHOPPING AND SERVICES  SOME MOLD IN BACK ROOM OFF KITCHEN  SELLING AS IS   BUYER RESPONSIBLE FOR ALL INSPECTIONS AND CERTIFICATES
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1968

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 #21905046)

Price History

Date / Event Date Event Price
May 6, 2019 Sold
Premium
Sold
Feb 5, 2019 Listed by NJ REO Managment & Realty $124,800
Listed by NJ REO Managment & Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 9,360
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 780
  • Total Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 2

    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

Neighborhood

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

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 32
  • Account Number: 00037099
  • District: 13
  • Parcel: 13 00429-0000-00017
  • Block: 429
  • Lot: 17
  • Municipality: LACEY TWP
  • Latitude: 39.8498
  • Longitude: -74.1776

    Address

  • Full Address: 340 Normandie Dr
  • Address - House Number: 340
  • Address - Street Name: Normandie
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1705
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $407,566

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 355,140
  • High Value: 423,858
  • Low Value: 286,422

    Market Valuation

  • Market Total Value: $180,100
  • Market Land Value: $81,000
  • Market Improvement Value: $99,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,100
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $99,100

    Sales

  • Current Sale Contract Date: Apr 18, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 49
  • Current Sale Input Document Number: 2019043739
  • Previous Sale Recording Date: Sep 06, 2018
  • Previous Sale Contract Date: Jun 18, 2018
  • Previous Sale Amount: $107,000
  • Previous Sale Document Type: 64
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

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.5 years

Currently For Sale

4547 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: Ralph Barone, NJ REO Managment & Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21905046
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 340 Normandie Drive built and last sold?
The property at 340 Normandie Drive was built in 1968 and last sold on Apr 18, 2019 for $118,900.
How much is this home worth?
The estimated value of the home located at 340 Normandie Drive is $0.
What are some comparable homes to 340 Normandie Drive?
There are currently no comparable homes to 340 Normandie Drive.
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