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Ocean 08731
516 Conifer Drive
$209,900
● House - Off Market

516 Conifer Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
$287,508
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Enjoy your summer sunsets at  Sunrise Beach. Charming home perfect for a first time home buyer. Featuring Exquisite Brazilian cherrywood flooring through living room, kitchen and family room. Family room is 20x10, adding an extra 200 sq ft to home.  Anderson windows are placed to give this room additional  natural light.  Enjoy is a short walk to Sunrise Beach & playground.  Sunrise Beach Association has a community boat ramp, bring your wave runners, boat or kayaks.  Hurry this is great way to enjoy the Jersey Shore.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$284
HOA Dues
$3
Year Built
1961

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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: 3 years ago (MOMLS #22018687)

Price History

Date / Event Date Event Price
Aug 14, 2020 Sold
Premium
Sold
Jun 10, 2020 Listed by Crossroads Realty Inc-Brick $209,900
Listed by Crossroads Realty Inc-Brick

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 980
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 980
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 9,10

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R75B

Geography

  • Assessors Map Reference: TAX MAP 27
  • Account Number: 00031116
  • District: 13
  • Parcel: 13 00356-0000-00008
  • Block: 356
  • Lot: 8
  • Municipality: LACEY TWP
  • Latitude: 39.8443
  • Longitude: -74.1676

    Address

  • Full Address: 516 Conifer Dr
  • Address - House Number: 516
  • Address - Street Name: Conifer
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 1924
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $363,890

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 349,988
  • High Value: 428,660
  • Low Value: 271,316

    Market Valuation

  • Market Total Value: $160,800
  • Market Land Value: $97,000
  • Market Improvement Value: $63,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,800
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $63,800

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020092041
  • Previous Sale Recording Date: Jun 10, 2005
  • Previous Sale Contract Date: Jun 03, 2005
  • Previous Sale Amount: $220,500
  • 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

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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 Inc-Brick
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22018687
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 516 Conifer Drive built and last sold?
The property at 516 Conifer Drive was built in 1961 and last sold on Jul 28, 2020 for $209,900.
How much is this home worth?
The estimated value of the home located at 516 Conifer Drive is $211,999.
What are some comparable homes to 516 Conifer Drive?
There are currently no comparable homes to 516 Conifer Drive.
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