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Ocean 08731
356 Constitution Drive
$140,000
● House - Off Market

356 Constitution Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
$219,553
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Property is being sold As-Is, Where-Is, with no warranties expressed or implied. Purchaser is responsible for any and all certifications and inspections needed for settlement. Seller or seller's agent make no representations as to the history or functionality of the property. Home has extra room on back with closet may not be a legal bedroom.This property has been placed in an upcoming event.  All offers should be submitted at https://www.Xome.com (void where prohibited). All offers received while in auction should be by the buyer or buyer's agent, either by clicking on the ''Bid Now'' button if available, on the Property Details page on https://www.Xome.com or, submit the offer via email to [email protected].
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1974

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: 3 years ago (MOMLS #21935704)

Price History

Date / Event Date Event Price
Oct 25, 2019 Sold
Premium
Sold
Aug 30, 2019 Listed by Vylla Home $149,900
Listed by Vylla Home

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 11,242
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 770
  • Total Building Area: 880
  • Building Area: 880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • 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 36
  • Account Number: 00036530
  • District: 13
  • Parcel: 13 00426-0000-00003
  • Block: 426
  • Lot: 3
  • Municipality: LACEY TWP
  • Latitude: 39.8524
  • Longitude: -74.1793

    Address

  • Full Address: 356 Constitution Dr
  • Address - House Number: 356
  • Address - Street Name: Constitution
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1725
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $392,631

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 334,166
  • High Value: 398,826
  • Low Value: 269,506

    Market Valuation

  • Market Total Value: $173,500
  • Market Land Value: $84,500
  • Market Improvement Value: $89,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,500
  • Assessed Land Value: $84,500
  • Assessed Improvements Value: $89,000

    Sales

  • Current Sale Contract Date: Oct 14, 2019
  • Current Sale Recording Date: Nov 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019119906
  • Previous Sale Recording Date: Jun 27, 2019
  • Previous Sale Contract Date: May 20, 2019
  • Previous Sale Amount: $80,000
  • 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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.2 years

Currently For Sale

4244 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: Maristela DeOliveira, Vylla Home
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21935704
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 356 Constitution Drive built and last sold?
The property at 356 Constitution Drive was built in 1974 and last sold on Oct 14, 2019 for $147,000.
How much is this home worth?
The estimated value of the home located at 356 Constitution Drive is $0.
What are some comparable homes to 356 Constitution Drive?
There are currently no comparable homes to 356 Constitution Drive.
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