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Forked River 08731
463 Commodore Drive
$275,000
● House - Off Market

463 Commodore Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
986 Ft²
$286,011
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Welcome to Commodore Dr. This shore area is perfect for a first time home buyer or investment property.  Home offers a good flow from living room to kitchen -dining area. This quaint home has hard wood floors in the bedrooms and laminate in the living and kitchen.  It also has a bonus room, which could be an office, mud room or storage area.  This room leads you to your deck and back yard which is mostly fenced.  Come see this all this home has to offer.  Call your agent today.
Unit Size
986 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$279
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 #22219386)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Jun 21, 2022 Listed by Crossroads Realty Executive Office $275,000
Listed by Crossroads Realty Executive Office

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: 986
  • Building Area: 986
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 986
  • 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: R75

Geography

  • Assessors Map Reference: TAX MAP 14
  • Account Number: 00020262
  • District: 13
  • Parcel: 13 00226- 07-00002
  • Block: 226.07
  • Lot: 2
  • Municipality: LACEY TWP
  • Latitude: 39.8286
  • Longitude: -74.1953

    Address

  • Full Address: 463 Commodore Dr
  • Address - House Number: 463
  • Address - Street Name: Commodore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R010
  • 4-Digit Zip Code: 4821
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $414,355

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 344,346
  • High Value: 421,750
  • Low Value: 266,942

    Market Valuation

  • Market Total Value: $183,100
  • Market Land Value: $101,500
  • Market Improvement Value: $81,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $183,100
  • Assessed Land Value: $101,500
  • Assessed Improvements Value: $81,600

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 103493
  • Previous Sale Recording Date: Jul 05, 2017
  • Previous Sale Contract Date: Jun 13, 2017
  • 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 Forked River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$334

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1762 ft²

Average Home Age

45.4 years

Currently For Sale

29 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: Sondra Hurley Iannuzzi, Crossroads Realty Executive Office
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22219386
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 463 Commodore Drive built and last sold?
The property at 463 Commodore Drive was built in 1970 and last sold on Sep 15, 2022 for $275,000.
How much is this home worth?
The estimated value of the home located at 463 Commodore Drive is $287,522.
What are some comparable homes to 463 Commodore Drive?
There are currently no comparable homes to 463 Commodore Drive.
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