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Ocean
559 Lanlac Drive
$398,000
● House - Off Market

559 Lanlac Drive

Lanoka Harbor, NJ 08734
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,210 Ft²
$418,551
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Great opportunity for an expansive home on a large lot in Lanoka Harbor! This custom built split level offers 2 charming porches, hardwood floors, an open flow through the living room, kitchen and dining areas, 3 bedrooms (could be 4) and 2 full bathrooms upstairs, including a master suite, lower level with a den which is perfect for a home office, play room or additional bedroom, laundry/mudroom and half bath. All this PLUS a basement. There is a huge back yard with plenty of room to add a pool, oversized driveway for plenty of parking and a side entry 2 car garage. The lot is nearly 1/3 of an acre. Make this house and property your own with a blank canvas and so much value for a handy buyer. One of Lacey Township's most desirable neighborhoods. Make your plans to check it out today!
Unit Size
2,210 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$181
Property Type
House
Property Taxes
$451
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 #22225676)

Price History

Date / Event Date Event Price
Oct 6, 2022 Sold
Premium
Sold
Aug 12, 2022 Listed by RE/MAX at Barnegat Bay $399,999
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 770
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,888
  • Total Building Area: 2,210
  • Building Area: 2,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,210
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000318
  • 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 80
  • Account Number: 00118455
  • District: 13
  • Parcel: 13 01634- 02-00007
  • Block: 1634.02
  • Lot: 7
  • Municipality: LACEY TWP
  • Latitude: 39.8608
  • Longitude: -74.1856

    Address

  • Full Address: 559 Lanlac Dr
  • Address - House Number: 559
  • Address - Street Name: Lanlac
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R003
  • 4-Digit Zip Code: 2125
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $550,814

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 443,985
  • High Value: 532,320
  • Low Value: 355,650

    Market Valuation

  • Market Total Value: $243,400
  • Market Land Value: $78,000
  • Market Improvement Value: $165,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,400
  • Assessed Land Value: $78,000
  • Assessed Improvements Value: $165,400

    Sales

  • Current Sale Contract Date: Oct 16, 2022
  • Current Sale Recording Date: Nov 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 114533
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

1593 ft²

Average Home Age

35.1 years

Currently For Sale

2970 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 1004 Cyprus Court, Forked River, NJ, 08731

$3,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
1004 Cyprus Court #1004, Forked River, NJ, 08731 Listing by Luis Franceschi

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Robert N Lange, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22225676
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 559 Lanlac Drive built and last sold?
The property at 559 Lanlac Drive was built in 1972 and last sold on Oct 16, 2022 for $398,000.
How much is this home worth?
The estimated value of the home located at 559 Lanlac Drive is $0.
What are some comparable homes to 559 Lanlac Drive?
There are currently no comparable homes to 559 Lanlac Drive.
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