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Ocean 08731
445 Penn Avenue
$225,000
● House - Off Market

445 Penn Avenue

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,634 Ft²
$396,737
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

MUST SEE!! This beautiful colonial is move in condition. It features three large bedrooms, two and half baths, brand new deck, and much more.  A short walk to Lake Barnegat.
Unit Size
1,634 Ft²
Days on Market
84 days
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1975

Payment Calculator

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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: 2 years ago (MOMLS #21626156)

Price History

Date / Event Date Event Price
Sep 23, 2016 Sold
Premium
Sold
Jul 1, 2016 Listed by Crossroads Realty Inc-Lavallette $235,000
Listed by Crossroads Realty Inc-Lavallette

Property Highlights

Garage
Air Conditioning
Fireplace

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: 1,634
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOT 20,21,22

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69
  • Account Number: 00094928
  • District: 13
  • Parcel: 13 01442-0000-00019
  • Block: 1442
  • Lot: 19
  • Municipality: LACEY TWP
  • Latitude: 39.8475
  • Longitude: -74.2011

    Address

  • Full Address: 445 Penn Ave
  • Address - House Number: 445
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 2507
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $484,508

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 436,737
  • High Value: 534,909
  • Low Value: 338,565

    Market Valuation

  • Market Total Value: $214,100
  • Market Land Value: $76,000
  • Market Improvement Value: $138,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,100
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $138,100

    Sales

  • Current Sale Contract Date: Sep 22, 2016
  • Current Sale Recording Date: Oct 03, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016100994
  • Previous Sale Recording Date: Jun 30, 1998
  • Previous Sale Contract Date: Jun 26, 1998
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1595 ft²

Average Home Age

35.1 years

Currently For Sale

2998 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 602 Cyprus Court, Forked River, NJ, 08731

$3,300 /mo

  • 3 Beds
  • 3 Baths
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: Valerie Campbell, Crossroads Realty Inc-Lavallette
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21626156
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 445 Penn Avenue built and last sold?
The property at 445 Penn Avenue was built in 1975 and last sold on Sep 22, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 445 Penn Avenue is $251,965.
What are some comparable homes to 445 Penn Avenue?
There are currently no comparable homes to 445 Penn Avenue.
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