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Toms River 08755
653 Branch Drive
$247,000
● House - Off Market

653 Branch Drive

Toms River, NJ 08755
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$367,334
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

GREAT NEWS!!  SELLER WILL PAY $5,000 TOWARDS BUYERS CLOSING COSTS OR REDECORATING ALLOWANCE IF CLOSED BY JANUARY 30, 2019.  North Dover - custom colonial featuring hardwood floors, decorative molding, patio, hot tub, in ground pool, shed and more.  Make this your dream home and take advantage of the North Dover school district.  Property is sold in as is where is condition.  Seller makes no warranties or representations as to condition or defects of the property.  Buyer is responsible for all inspections and certifications necessary to close title.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1987

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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 #21836895)

Price History

Date / Event Date Event Price
May 10, 2019 Sold
Premium
Sold
Sep 15, 2018 Listed by Linda Schroeck Rlty. Group LLC $249,000
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,750
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Toms River Regional School District
  • Census Tract: 722004

Zoning

  • Zoning: R150

Geography

  • Assessors Map Reference: TAX MAP 3901
  • District: 08
  • Parcel: 08 00411- 02-00058
  • Block: 411.02
  • Lot: 58
  • Municipality: DOVER TWP
  • Latitude: 39.9954
  • Longitude: -74.2271

    Address

  • Full Address: 653 Branch Dr
  • Address - House Number: 653
  • Address - Street Name: Branch
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C030
  • 4-Digit Zip Code: 4086
  • Zip Code: 08755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $698,892
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 569,372
  • High Value: 691,340
  • Low Value: 447,403

    Market Valuation

  • Market Total Value: $419,000
  • Market Land Value: $112,000
  • Market Improvement Value: $307,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,000
  • Assessed Land Value: $112,000
  • Assessed Improvements Value: $307,000

    Sales

  • Current Sale Contract Date: Apr 16, 2019
  • Current Sale Recording Date: May 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2019039868
  • Previous Sale Recording Date: Oct 11, 2018
  • Previous Sale Contract Date: Jul 09, 2018
  • Previous Sale Amount: $218,000
  • 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 Toms River

Stats & Trends

Median Asking:

$519,000

Sale Price/ft²

$302

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1860 ft²

Average Home Age

44.9 years

Currently For Sale

578 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 1041 Mulberry Place, Toms River, NJ, 08753

$3,350 /mo

  • 3 Beds
  • 1 Bath
1041 Mulberry Place, Toms River, NJ, 08753 Listing by Daniel Zahner
Unit for rent at 207 Harvest Way, Toms River, NJ, 08755

$3,300 /mo

  • 3 Beds
  • 2 Baths
207 Harvest Way, Toms River, NJ, 08755 Listing by Salvatore Ventre

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21836895
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 653 Branch Drive built and last sold?
The property at 653 Branch Drive was built in 1987 and last sold on Apr 16, 2019 for $247,000.
How much is this home worth?
The estimated value of the home located at 653 Branch Drive is $251,490.
What are some comparable homes to 653 Branch Drive?
There are currently no comparable homes to 653 Branch Drive.
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