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Pine Lake Park 08757
609 Commonwealth Boulevard
$400,000
● House - Off Market

609 Commonwealth Boulevard

Toms River, NJ 08757
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,323 Ft²
$2,486
Est. Monthly
7.61%
Cap Rate

About This Property

Welcome to a ranch style home in  Pine Lake Park.  Features 3 bedrooms, 1 bath, updated kitchen, recessed lights, living room with wood burning fireplace, oversized driveway, deck.
Unit Size
1,323 Ft²
Days on Market
455 days
Land Size
0.23 acres
Price per sqft
$324
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1978

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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: 8 months ago (MOMLS #22434502)

Price History

Date / Event Date Event Price
Mar 5, 2026 Sold
Premium
Sold
Jan 8, 2025 In contract -
In contract
Dec 5, 2024 Listed by Crossroads Realty Manchester $429,000
Listed by Crossroads Realty Manchester

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 3
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,323
  • Building Area: 1,323
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,323
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 40-42

Neighborhood

  • School District Name: Manchester Township School District
  • Census Tract: 720203

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 7.03
  • Account Number: 1874
  • District: 19
  • Parcel: 19 00001- 244-00039
  • Block: 1.244
  • Lot: 39
  • Municipality: MANCHESTER TWP
  • Latitude: 40.0007
  • Longitude: -74.2716

    Address

  • Full Address: 609 Commonwealth Blvd
  • Address - House Number: 609
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Toms River
  • Carrier Code: R002
  • 4-Digit Zip Code: 1730
  • Zip Code: 08757

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $410,661

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 328,254
  • High Value: 401,668
  • Low Value: 254,841

    Market Valuation

  • Market Total Value: $185,400
  • Market Land Value: $80,000
  • Market Improvement Value: $105,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,400
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $105,400

    Sales

  • Current Sale Contract Date: Dec 06, 1995
  • Current Sale Recording Date: Dec 26, 1995
  • Current Sale Price:
    Premium
  • Current 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 Pine Lake Park

Stats & Trends

Median Asking:

$564,500

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

62

Average Home Size

1309 ft²

Average Home Age

39.3 years

Currently For Sale

70 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 43 3rd St Street, Manchester, NJ, 08759

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,346 ft²
43 3rd St Street, Manchester, NJ, 08759 Listing by Israel Silber

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Christina M Moscetti, Crossroads Realty Manchester
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 22434502
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 609 Commonwealth Boulevard built and last sold?
The property at 609 Commonwealth Boulevard was built in 1978 and last sold on Dec 6, 1995 for $53,000.
How much is this home worth?
The estimated value of the home located at 609 Commonwealth Boulevard is $0.
What are some comparable homes to 609 Commonwealth Boulevard?
There are currently no comparable homes to 609 Commonwealth Boulevard.
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