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Ocean
609 Pine Street
$375,000
● House - Off Market

609 Pine Street

Lanoka Harbor, NJ 08734
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,252 Ft²
$2,218
Est. Monthly
8.40%
Cap Rate

About This Property

Charming 3 bedroom ranch with an attached garage and large fenced in yard on a quiet street near the water in Lanoka Harbor! This home offers a covered front porch, spacious and open living room, separate dining area, kitchen with all newer appliances, large mud/laundry room with a separate entrance out to the back yard and sliding door out to the back deck. This home is just waiting for new owners to bring their touches and make it their own. This is truly an outstanding location. Make your plans to check it out today!
Unit Size
1,252 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$300
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1985

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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 #22416662)

Price History

Date / Event Date Event Price
Jul 31, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 13, 2024 Listed by RE/MAX at Barnegat Bay $375,000
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,252
  • Building Area: 1,252
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,252
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44
  • Account Number: 00207750
  • District: 13
  • Parcel: 13 00802-0000-00001- 05
  • Block: 802
  • Lot: 1.05
  • Municipality: LACEY TWP
  • Latitude: 39.8621
  • Longitude: -74.1543

    Address

  • Full Address: 609 Pine St
  • Address - House Number: 609
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Lanoka Harbor
  • Carrier Code: R001
  • 4-Digit Zip Code: 2518
  • Zip Code: 08734

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $431,554

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 366,310
  • High Value: 437,189
  • Low Value: 295,430

    Market Valuation

  • Market Total Value: $190,700
  • Market Land Value: $80,000
  • Market Improvement Value: $110,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,700
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $110,700
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

1598 ft²

Average Home Age

29.1 years

Currently For Sale

4374 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 255 Pine Drive, Bayville, NJ, 08721

$3,000 /mo

  • 3 Beds
  • 2 Baths
255 Pine Drive, Bayville, NJ, 08721 Listing by Patricia A Karnatski

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# 22416662
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 Pine Street built and last sold?
The property at 609 Pine Street was built in 1985 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 609 Pine Street is $380,592.
What are some comparable homes to 609 Pine Street?
There are currently no comparable homes to 609 Pine Street.
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