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Ocean 08731
418 Irons Street
$227,000
● House - Off Market

418 Irons Street

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
2 Baths
$311,973
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Over 1500 sqft 2 Bedroom 2 Full Bath Ranch with AMPLE space and storage. Corner property low maintance. This Spacious home is the opportunity for you to put all your own finish touches into it. Walk into a pretty large family room that has plenty of space for large furniture. Eat in kitchen with dinning area is ideal for entertaining. Den is off the back. You will appreciate the large bedrooms.  Great starter home or for one who wants to downsize.
Unit Size
-
Days on Market
45 days
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1984

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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: 5 months ago (MOMLS #22017877)

Price History

Date / Event Date Event Price
Jul 20, 2020 Sold
Premium
Sold
Jun 5, 2020 Listed by Weichert Realtors-Forked River $225,000
Listed by Weichert Realtors-Forked River

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 10,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 1,576
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 9

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 26
  • Account Number: 00039669
  • District: 13
  • Parcel: 13 00451-0000-00008
  • Block: 451
  • Lot: 8
  • Municipality: LACEY TWP
  • Latitude: 39.8467
  • Longitude: -74.171

    Address

  • Full Address: 418 Irons St
  • Address - House Number: 418
  • Address - Street Name: Irons
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2816
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $509,628

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 426,103
  • High Value: 508,553
  • Low Value: 343,654

    Market Valuation

  • Market Total Value: $225,200
  • Market Land Value: $102,500
  • Market Improvement Value: $122,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,200
  • Assessed Land Value: $102,500
  • Assessed Improvements Value: $122,700

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: Apr 12, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021055020
  • Previous Sale Recording Date: Sep 04, 2020
  • Previous Sale Contract Date: Jul 17, 2020
  • Previous Sale Amount: $227,000
  • Previous Sale Document Type: 12
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

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29 years

Currently For Sale

4344 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: Christine Bender, Weichert Realtors-Forked River
Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22017877
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 418 Irons Street built and last sold?
The property at 418 Irons Street was built in 1984 and last sold on Mar 17, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 418 Irons Street is $0.
What are some comparable homes to 418 Irons Street?
There are currently no comparable homes to 418 Irons Street.
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