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Ocean 08731
719 Roanoke Drive
$555,000
● House - Off Market

719 Roanoke Drive

Forked River, NJ 08731
bedrooms
2 Beds
bathrooms
1 Bath
square feet
704 Ft²
$3,079
Est. Monthly
3.97%
Cap Rate

About This Property

Welcome to this beautifully redone waterfront home in the highly desirable Riviera section of Forked River. Perfectly positioned on a peaceful lagoon, this cozy yet stylish retreat offers an open floor plan with modern finishes throughout. The kitchen features sleek cabinetry, quartz countertops, and stainless steel appliances, flowing seamlessly into the bright living area with water views. Every inch of this home has been thoughtfully updated, from the new flooring to the custom bathroom. Outside, enjoy your private dock for easy boat access, along with a low-maintenance yard perfect for relaxing or entertaining. This is the ideal getaway for waterfront living! Upgrades include- Siding, heating and air conditioning, Tankless hot water heater, kitchen appliances, and Vinyl Bulkhead.

Updated Kitchen and bathroom.
Unit Size
704 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$781
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1968

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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 #22426416)

Price History

Date / Event Date Event Price
Feb 4, 2025 Sold
Premium
Sold
Jan 5, 2025 In contract -
In contract
Jan 2, 2025 Relisted $549,900
Relisted
Dec 31, 2024 In contract -
In contract
Oct 11, 2024 Price Decreased $549,900
↓ $29K (5%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 2
  • 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 704
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 704
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 34
  • Account Number: 00040903
  • District: 13
  • Parcel: 13 00463-0000-00008
  • Block: 463
  • Lot: 8
  • Municipality: LACEY TWP
  • Latitude: 39.8447
  • Longitude: -74.1627

    Address

  • Full Address: 719 Roanoke Dr
  • Address - House Number: 719
  • Address - Street Name: Roanoke
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1939
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $434,043

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 397,365
  • High Value: 433,191
  • Low Value: 361,539

    Market Valuation

  • Market Total Value: $191,800
  • Market Land Value: $142,000
  • Market Improvement Value: $49,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,800
  • Assessed Land Value: $142,000
  • Assessed Improvements Value: $49,800

    Sales

  • Current Sale Contract Date: Oct 14, 2022
  • Current Sale Recording Date: Oct 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 111995
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

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4265 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 804 Pensacola Road, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
804 Pensacola Road, Forked River, NJ, 08731 Listing by Kaitlyn M Nesbihal
Unit for rent at 218 Conifer Drive, Forked River, NJ, 08731

$2,200 /mo

  • 2 Beds
  • 1 Bath
218 Conifer Drive, Forked River, NJ, 08731 Listing by Lori Komsa

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Derek Stephensen, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22426416
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 719 Roanoke Drive built and last sold?
The property at 719 Roanoke Drive was built in 1968 and last sold on Oct 14, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 719 Roanoke Drive is $537,505.
What are some comparable homes to 719 Roanoke Drive?
There are currently no comparable homes to 719 Roanoke Drive.
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