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Ocean 08731
612 Deerhead Lake Drive
$500,000
● House - Off Market

612 Deerhead Lake Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,367 Ft²
$3,137
Est. Monthly
5.81%
Cap Rate

About This Property

Welcome to Deerhead Lake Drive. 3 bed, 1.5 bath ranch has beautiful hardwood flooring throughout, gas fireplace in the living room, and enclosed screen room as well.  Detached 2 car garage facing Alpine also included. Was rental property for many years, so can use some paint and tlc. Mechanicals all working and updated.roof is 8 years old.  Garage lot was purchased separately, and merged into one lot.  Buyer to ascertain viability of any subdivision with Lacey Twsp.
Unit Size
1,367 Ft²
Days on Market
41 days
Land Size
-
Price per sqft
$402
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1970

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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 #22515974)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Premium
Sold
Jun 7, 2025 In contract -
In contract
May 30, 2025 Listed by Coldwell Banker Riviera Realty $550,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,682
  • Total Building Area: 1,367
  • Building Area: 1,367
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,367
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000038
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 2-5 & 21-27

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732003

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 71
  • Account Number: 00104278
  • District: 13
  • Parcel: 13 01520-0000-00001
  • Block: 1520
  • Lot: 1
  • Municipality: LACEY TWP
  • Latitude: 39.8563
  • Longitude: -74.2042

    Address

  • Full Address: 612 Deerhead Lake Dr
  • Address - House Number: 612
  • Address - Street Name: Deerhead Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R013
  • 4-Digit Zip Code: 1420
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $466,857

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 406,150
  • High Value: 484,738
  • Low Value: 327,561

    Market Valuation

  • Market Total Value: $206,300
  • Market Land Value: $88,400
  • Market Improvement Value: $117,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,300
  • Assessed Land Value: $88,400
  • Assessed Improvements Value: $117,900

    Sales

  • Current Sale Contract Date: Sep 28, 1978
  • Current Sale Recording Date: Sep 28, 1978
  • 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 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 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: Kathleen Zito, Coldwell Banker Riviera Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22515974
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 612 Deerhead Lake Drive built and last sold?
The property at 612 Deerhead Lake Drive was built in 1970 and last sold on Sep 28, 1978 for $5,000.
How much is this home worth?
The estimated value of the home located at 612 Deerhead Lake Drive is $0.
What are some comparable homes to 612 Deerhead Lake Drive?
There are currently no comparable homes to 612 Deerhead Lake Drive.
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