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Ocean 08731
472 Steuben Avenue
$520,000
● House - Off Market

472 Steuben Avenue

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,114 Ft²
$3,210
Est. Monthly
9.28%
Cap Rate

About This Property

Newly sided 4 bed 2.5 bath house nestled in Cranberry Hill.  Open living and dining room with access to kitchen.  Family room located in back of home to take advantage of the large fully fenced in backyard. Master en-suite plus 3 more bedrooms on 2nd floor.  1 car garage with direct entry.
Unit Size
2,114 Ft²
Days on Market
84 days
Land Size
0.34 acres
Price per sqft
$253
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #22510838)

Price History

Date / Event Date Event Price
Jul 9, 2025 Sold
Premium
Sold
Jun 3, 2025 In contract -
In contract
May 19, 2025 Price Decreased $534,900
↓ $15K (2.7%)
Price Decreased
Apr 15, 2025 Listed by Paschon Realty LLC $549,500
Listed by Paschon Realty LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,114
  • Building Area: 2,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,114
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732001

Zoning

  • Zoning: R100

Geography

  • Assessors Map Reference: TAX MAP 30.1
  • Account Number: 00116940
  • District: 13
  • Parcel: 13 01631- 08-00005
  • Block: 1631.08
  • Lot: 5
  • Municipality: LACEY TWP
  • Latitude: 39.8552
  • Longitude: -74.1904

    Address

  • Full Address: 472 Steuben Ave
  • Address - House Number: 472
  • Address - Street Name: Steuben
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R008
  • 4-Digit Zip Code: 1634
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $625,041

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 499,867
  • High Value: 612,230
  • Low Value: 387,505

    Market Valuation

  • Market Total Value: $276,200
  • Market Land Value: $108,000
  • Market Improvement Value: $168,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,200
  • Assessed Land Value: $108,000
  • Assessed Improvements Value: $168,200

    Sales

  • Current Sale Contract Date: Feb 10, 2006
  • Current Sale Recording Date: Feb 21, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2006031193
  • Previous Sale Recording Date: Feb 09, 1995
  • Previous Sale Contract Date: Feb 03, 1995
  • Previous Sale Amount: $135,000
  • 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:

$499,000

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

Rentals Near You

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MOMMLS

Listed by: Noelle Paschon, Paschon Realty LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22510838
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 472 Steuben Avenue built and last sold?
The property at 472 Steuben Avenue was built in 1972 and last sold on Feb 10, 2006 for $310,000.
How much is this home worth?
The estimated value of the home located at 472 Steuben Avenue is $549,692.
What are some comparable homes to 472 Steuben Avenue?
There are currently no comparable homes to 472 Steuben Avenue.
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