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Forked River 08731
460 Commodore Drive
$190,000
● House - Off Market

460 Commodore Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$301,848
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

This home is larger than it appears from the outside - all the rooms are a good size and it is over 1000 square feet. Clean, well maintained 2 Bedroom, 1 bath ranch on an 85 x 100 lot. This home features hardwood floors in the living room, dining room and bedrooms, gas heat, central air, 3 season room, garage and vinyl siding. The windows, furnace, air conditioner and hot water heater have been replaced. Surrounded by nice homes, this home is perfect for the first time home buyer, small family or someone looking to downsize.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
$340
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 #21727425)

Price History

Date / Event Date Event Price
Oct 31, 2017 Sold
Premium
Sold
Jul 12, 2017 Listed by RE/MAX at Barnegat Bay - Forked River $189,900
Listed by RE/MAX at Barnegat Bay - Forked River
This home is larger than it appears from the outside - all the rooms are a good size and it is over 1000 square feet. Clean, well maintained 2 Bedroom, 1 bath ranch on an 85 x 100 lot. This home features hardwood floors in the living room, dining room and bedrooms, gas heat, central air, 3 season room, garage and vinyl siding. The windows, furnace, air conditioner and hot water heater have been replaced. Surrounded by nice homes, this home is perfect for the first time home buyer, small family or someone looking to downsize.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 8,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732104

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 14
  • Account Number: 00020212
  • District: 13
  • Parcel: 13 00226- 06-00009
  • Block: 226.06
  • Lot: 9
  • Municipality: LACEY TWP
  • Latitude: 39.8292
  • Longitude: -74.1955

    Address

  • Full Address: 460 Commodore Dr
  • Address - House Number: 460
  • Address - Street Name: Commodore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R010
  • 4-Digit Zip Code: 4822
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $453,053

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 374,359
  • High Value: 458,509
  • Low Value: 290,208

    Market Valuation

  • Market Total Value: $200,200
  • Market Land Value: $101,500
  • Market Improvement Value: $98,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,200
  • Assessed Land Value: $101,500
  • Assessed Improvements Value: $98,700

    Sales

  • Current Sale Contract Date: Oct 31, 2017
  • Current Sale Recording Date: Nov 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017116753
  • Previous Sale Recording Date: Oct 25, 2004
  • Previous Sale Contract Date: Oct 04, 2004
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 12

    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 Forked River

Stats & Trends

Median Asking:

$520,000

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1552 ft²

Average Home Age

43.3 years

Currently For Sale

41 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: Edward DeCastro, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21727425
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 460 Commodore Drive built and last sold?
The property at 460 Commodore Drive was built in 1970 and last sold on Oct 31, 2017 for $190,000.
How much is this home worth?
The estimated value of the home located at 460 Commodore Drive is $0.
What are some comparable homes to 460 Commodore Drive?
There are currently no comparable homes to 460 Commodore Drive.
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