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Toms River 08753
638 Morris Boulevard
$153,000
● House - Off Market

638 Morris Boulevard

Toms River, NJ 08753
bedrooms
2 Beds
bathrooms
1 Bath
$309,996
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model

About This Property

THE MOST ADORABLE ORIGINAL KNOTTY PINE COTTAGE STYLE HOME..LOTS OF BUILT-IN'S..ONE OF A KIND ! ALL HARDWOOD FLOORS/BREAKFAST BAR IN KITCHEN.. A TRUE SHORE GET-AWAY WITH GAS HEAT AND CENTRAL AIR ON A NICE SIZE LOT - PLENTY OF ROOM TO ADD ON...LARGE COVERED PATIO WITH CUSTOM BUILT SHED IN REAR..SUPER CLEAN IN MINT CONDITION..FAMILY OWNED FOR THE LAST 40 YEARS..MINUTES TO THE BEACH !! SELLER SAYS FURNITURE STAYS !!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1944

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 #21541036)

Price History

Date / Event Date Event Price
Jan 28, 2016 Sold
Premium
Sold
Oct 27, 2015 Listed by Weichert Realtors-Toms River $174,900
Listed by Weichert Realtors-Toms River

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 19
  • 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: 3,441
  • Total Building Area: 896
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 896
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000079
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 723500

Zoning

  • Zoning: R40A

Geography

  • Assessors Map Reference: TAX MAP 96
  • District: 08
  • Parcel: 08 00835-0000-00018
  • Block: 835
  • Lot: 18
  • Municipality: DOVER TWP
  • Latitude: 39.9461
  • Longitude: -74.1322

    Address

  • Full Address: 638 Morris Blvd
  • Address - House Number: 638
  • Address - Street Name: Morris
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C007
  • 4-Digit Zip Code: 7150
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $395,386

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 342,917
  • High Value: 421,292
  • Low Value: 264,541

    Market Valuation

  • Market Total Value: $236,900
  • Market Land Value: $103,000
  • Market Improvement Value: $133,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,900
  • Assessed Land Value: $103,000
  • Assessed Improvements Value: $133,900

    Sales

  • Current Sale Contract Date: Jan 28, 2016
  • Current Sale Recording Date: Feb 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016012929

    Financing

  • First Mortgage Financing Type: FIX
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 Toms River

Stats & Trends

Median Asking:

$519,900

Sale Price/ft²

$300

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1827 ft²

Average Home Age

45.2 years

Currently For Sale

600 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 567 Fischer Boulevard, Toms River, NJ, 08753

$2,100 /mo

  • 2 Beds
  • 1 Bath
567 Fischer Boulevard #2, Toms River, NJ, 08753 Listing by Gaetana Del Virginia

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Roseann L Domenic, Weichert Realtors-Toms River
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21541036
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 638 Morris Boulevard built and last sold?
The property at 638 Morris Boulevard was built in 1944 and last sold on Jan 28, 2016 for $153,000.
How much is this home worth?
The estimated value of the home located at 638 Morris Boulevard is $176,649.
What are some comparable homes to 638 Morris Boulevard?
There are currently no comparable homes to 638 Morris Boulevard.
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