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Ocean 08731
622 Wilbert Avenue
$229,000
● House - Off Market

622 Wilbert Avenue

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,088 Ft²
$463,400
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

You'll be able to fit everyone in this fantastic house. 4BR's great corner lot, fully fenced backyard. Brick wall fireplace in sunken fam rm. Formal living room and large dining room. Central air, gas heat and within minutes to major highways for commuting/stores. Why travel 5 to 10 min, more weaving around town just to get to the Parkway? This is the home you are looking for. Come take a look you'll be impressed. Great area to live in, within walking distance to the lake for swimming.
Unit Size
2,088 Ft²
Days on Market
-
Land Size
-
Price per sqft
$110
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1975

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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 #21305876)

Price History

Date / Event Date Event Price
Apr 24, 2013 Sold
Premium
Sold
Feb 22, 2013 Listed by Gloria Nilson & Co. Real Estate $229,500
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 4
  • 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: 12,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,968
  • Building Area: 1,968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,968
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 1,40,41,42,43

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 70
  • Account Number: 00102137
  • District: 13
  • Parcel: 13 01491-0000-00039
  • Block: 1491
  • Lot: 39
  • Municipality: LACEY TWP
  • Latitude: 39.8551
  • Longitude: -74.2045

    Address

  • Full Address: 622 Wilbert Ave
  • Address - House Number: 622
  • Address - Street Name: Wilbert
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1446
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $520,037

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 475,510
  • High Value: 567,519
  • Low Value: 383,501

    Market Valuation

  • Market Total Value: $229,800
  • Market Land Value: $80,500
  • Market Improvement Value: $149,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,800
  • Assessed Land Value: $80,500
  • Assessed Improvements Value: $149,300

    Sales

  • Current Sale Contract Date: Apr 24, 2013
  • Current Sale Recording Date: May 07, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2013048509
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

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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

Rentals Near You

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MOMMLS

Listed by: Susan Fletcher, Gloria Nilson & Co. Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21305876
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 Wilbert Avenue built and last sold?
The property at 622 Wilbert Avenue was built in 1975 and last sold on Apr 24, 2013 for $229,000.
How much is this home worth?
The estimated value of the home located at 622 Wilbert Avenue is $0.
What are some comparable homes to 622 Wilbert Avenue?
There are currently no comparable homes to 622 Wilbert Avenue.
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