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Ocean 08731
341 Constitution Drive
$317,500
● House - Off Market

341 Constitution Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$315,795
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Move right in to this beautifully updated & meticulously maintained rancher w/hardwood flooring, newer kitchen, newer bath w/heated floor, custom moldings & closet/cabinet organizers, whole house speakers, newer windows & doors.  Home is nestled into a lovely landscaped 132x90 lot w/2 driveways & plenty of room for multiple cars or recreational toys plus 10x10 shed w/electric & oversized garage for tinkering or additional living space. White vinyl fencing and lush Leyland cypress surround large back yard w/deck offering complete privacy w/multiple gates & access from home to yard. Convenient to all major roadways, shopping, restaurants, parks, beaches and all that's fun to do at the Jersey Shore!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$270
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22117704)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Keller Williams Realty Preferred Properties $269,900
Listed by Keller Williams Realty Preferred Properties
Move right in to this beautifully updated & meticulously maintained rancher w/hardwood flooring, newer kitchen, newer bath w/heated floor, custom moldings & closet/cabinet organizers, whole house speakers, newer windows & doors. Home is nestled into a lovely landscaped 132x90 lot w/2 driveways & plenty of room for multiple cars or recreational toys plus oversized garage for tinkering or additional living space. White vinyl fencing and lush Leyland cypress surround large back yard w/deck offering complete privacy w/multiple gates & access from home to yard. Convenient to all major roadways, shopping, restaurants, parks, beaches and all that's fun to do at the Jersey Shore!

Property Highlights

Garage
Air Conditioning
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: 11,880
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000273
  • 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 36
  • Account Number: 00036603
  • District: 13
  • Parcel: 13 00427-0000-00001
  • Block: 427
  • Lot: 1
  • Municipality: LACEY TWP
  • Latitude: 39.8518
  • Longitude: -74.1799

    Address

  • Full Address: 341 Constitution Dr
  • Address - House Number: 341
  • Address - Street Name: Constitution
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1724
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $433,591

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 375,490
  • High Value: 458,492
  • Low Value: 292,488

    Market Valuation

  • Market Total Value: $191,600
  • Market Land Value: $84,000
  • Market Improvement Value: $107,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,600
  • Assessed Land Value: $84,000
  • Assessed Improvements Value: $107,600

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021098079
  • Previous Sale Recording Date: Oct 04, 2002
  • Previous Sale Contract Date: Sep 05, 2002
  • Previous Sale Amount: $150,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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: Laurie Kelly, Keller Williams Preferred Properties,Bayville
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22117704
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 341 Constitution Drive built and last sold?
The property at 341 Constitution Drive was built in 1968 and last sold on Jun 25, 2021 for $317,500.
How much is this home worth?
The estimated value of the home located at 341 Constitution Drive is $0.
What are some comparable homes to 341 Constitution Drive?
There are currently no comparable homes to 341 Constitution Drive.
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