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Ocean 08731
433 Penn Avenue
$350,525
● House - Off Market

433 Penn Avenue

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,142 Ft²
$424,355
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Set on a beautiful 100x120 corner lot in the serenity of the Barnegat Pines, this 4BR/2.5BA Colonial is just waiting for a new owner to breathe fresh life into it.  In it's prime, this property was the jewel of the neighborhood & beamed with pride of ownership filled with lush gardens & a stunning landscape.  The interior features a formal living room, formal dining room, eat-in kitchen, sunken family room with wood burning fireplace & sliders to a tremendous fenced yard loaded with potential.  There's a large bedroom on the 1st floor with laundry room & 1/2 bath.  Upstairs you will find a huge master bedroom with full bath & his/hers closets, 2 additional ample bedrooms, & full bath.  2 concrete driveways, garage with attic storage, & yankee basement too!  Ready for you to make your own!
Unit Size
2,142 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$187
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1970

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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 #22229661)

Price History

Date / Event Date Event Price
Dec 13, 2022 Sold
Premium
Sold
Sep 20, 2022 Listed by Coldwell Banker Riviera Realty $400,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • 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: 12,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,142
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 16,17,18,19,20

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69
  • Account Number: 00095071
  • District: 13
  • Parcel: 13 01443-0000-00015
  • Block: 1443
  • Lot: 15
  • Municipality: LACEY TWP
  • Latitude: 39.8479
  • Longitude: -74.2001

    Address

  • Full Address: 433 Penn Ave
  • Address - House Number: 433
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 2509
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $484,747

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 464,366
  • High Value: 566,393
  • Low Value: 362,339

    Market Valuation

  • Market Total Value: $236,300
  • Market Land Value: $80,500
  • Market Improvement Value: $155,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,300
  • Assessed Land Value: $80,500
  • Assessed Improvements Value: $155,800

    Exemptions

  • Senior Citizen Exemption : Yes
  • Widow Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2022
  • Current Sale Recording Date: Jan 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1777
  • Previous Sale Recording Date: Dec 15, 1976
  • Previous Sale Contract Date: Dec 15, 1976
  • Previous Sale Amount: $47,500
  • 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

1582 ft²

Average Home Age

32.4 years

Currently For Sale

3014 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

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MOMMLS

Listed by: Janet H Levy, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22229661
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 433 Penn Avenue built and last sold?
The property at 433 Penn Avenue was built in 1970 and last sold on Dec 7, 2022 for $350,525.
How much is this home worth?
The estimated value of the home located at 433 Penn Avenue is $0.
What are some comparable homes to 433 Penn Avenue?
There are currently no comparable homes to 433 Penn Avenue.
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