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Ocean 08731
404 Devon Street
$238,500
● House - Off Market

404 Devon Street

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,854 Ft²
$370,938
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Barnegat Pines Colonial offers you lots of room at an affordable price. Updated carefree vinyl siding, newer windows and energy saving solar panels. Walking distance to lake and easy access to the Garden State Parkway where there is a park ride located at the rest stop at Exit 74 for commuting to New York. Home also offers a 1 car garage and a very large shed and second shed. Plenty of parking for approximately 5 cars. Screened in rear porch is just the place to enjoy a nice summer day. Master bedroom has 2 closets; 1 triple and 1 double and there is a full appliance package with newer washer, dryer and refrigerator. Come enjoy the good life in Forked River with great access to boating, fishing and crabbing in beautiful Barnegat Bay. Fun night life awaits at waterfront restaurants.
Unit Size
1,854 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
House
Property Taxes
$380
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 years ago (MOMLS #21810746)

Price History

Date / Event Date Event Price
Oct 5, 2018 Sold
Premium
Sold
Mar 22, 2018 Listed by Coldwell Banker Riviera Realty $244,900
Listed by Coldwell Banker Riviera Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,142
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAMEGAT PINES REALTY CO
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 36,37,38

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732003

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69
  • Account Number: 00094994
  • District: 13
  • Parcel: 13 01442-0000-00035
  • Block: 1442
  • Lot: 35
  • Municipality: LACEY TWP
  • Latitude: 39.8468
  • Longitude: -74.2009

    Address

  • Full Address: 404 Devon St
  • Address - House Number: 404
  • Address - Street Name: Devon
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R006
  • 4-Digit Zip Code: 2522
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $504,875

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 463,233
  • High Value: 569,107
  • Low Value: 357,358

    Market Valuation

  • Market Total Value: $223,100
  • Market Land Value: $76,000
  • Market Improvement Value: $147,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,100
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $147,100

    Sales

  • Current Sale Contract Date: Sep 24, 2018
  • Current Sale Recording Date: Oct 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018098695
  • Previous Sale Recording Date: May 19, 1997
  • Previous Sale Contract Date: May 15, 1997
  • Previous Sale Amount: $120,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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 615 Beach Boulevard, FORKED RIVER, NJ, 08731

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,180 ft²
615 Beach Boulevard, FORKED RIVER, NJ, 08731 Listing by Jessica K DiFrancia
Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jeffrey F Connell, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21810746
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 404 Devon Street built and last sold?
The property at 404 Devon Street was built in 1975 and last sold on Sep 24, 2018 for $238,500.
How much is this home worth?
The estimated value of the home located at 404 Devon Street is $265,375.
What are some comparable homes to 404 Devon Street?
There are currently no comparable homes to 404 Devon Street.
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