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Ocean 08731
622 Devon Street
$215,000
● House - Off Market

622 Devon Street

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,332 Ft²
$325,301
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Neat and clean 3 bedroom 2 full bath

Colonial offers living room, eat-in kitchen, gas heat, central air, deck and fenced yard and attached shed. New hot water heater, furnace, central air and most appliances replaced in 2016.
Unit Size
1,332 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1998

Payment Calculator

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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 #21812113)

Price History

Date / Event Date Event Price
Jul 24, 2018 Sold
Premium
Sold
Apr 2, 2018 Listed by Coldwell Banker Riviera Realty $215,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 40

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 70
  • Account Number: 00102608
  • District: 13
  • Parcel: 13 01495-0000-00039
  • Block: 1495
  • Lot: 39
  • Municipality: LACEY TWP
  • Latitude: 39.8532
  • Longitude: -74.2054

    Address

  • Full Address: 622 Devon St
  • Address - House Number: 622
  • Address - Street Name: Devon
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R003
  • 4-Digit Zip Code: 2108
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $377,468

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 299,618
  • High Value: 366,968
  • Low Value: 232,268

    Market Valuation

  • Market Total Value: $166,800
  • Market Land Value: $52,200
  • Market Improvement Value: $114,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,800
  • Assessed Land Value: $52,200
  • Assessed Improvements Value: $114,600

    Sales

  • Current Sale Contract Date: Oct 18, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 152689
  • Previous Sale Recording Date: Jul 30, 2018
  • Previous Sale Contract Date: Jul 12, 2018
  • Previous Sale Amount: $215,000
  • 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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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

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MOMMLS

Listed by: Jeffrey F Connell, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21812113
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 622 Devon Street built and last sold?
The property at 622 Devon Street was built in 1998 and last sold on Oct 18, 2021 for $100,000.
How much is this home worth?
The estimated value of the home located at 622 Devon Street is $0.
What are some comparable homes to 622 Devon Street?
There are currently no comparable homes to 622 Devon Street.
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