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Forked River 08731
721 Pasadena Drive
$515,000
● House - Off Market

721 Pasadena Drive

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,276 Ft²
$575,391
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

ONE OF A KIND WATERFRONT HOME W/ 1.37 ACRE LOT AND YOUR OWN PRIVATE BEACH.  THIS BEAUTIFUL HOME TOTALLY REBUILD FROM TOP TO BOTTOM IN 2020 FEATURING 4BR 3BATH 2 CAR GARAGE. 2ZONE HEATING AND C/A. 1ST LEVEL FEATURE LIVING ROOM W/ FIREPLACE, DINING RM, GOURMET KITCHEN W/ ALL SS APPLIANCES. MASTER SUITE W/ IT OWN BATH AND 2 CLOSETS. ALL NEW WATERPROOF FL THROUGHOUT THE 1ST LEVE. 3 BEDROOM ON 2ND EVEL W/ FALL BATH AND BEAUTIFULL HARD WOOD FL. HUGE DECK FOR YOUR SUMMER ENTERTAINMENTS. COME AND SEE THIS BEAUTIFUL HOME YOU WON'T BE DISAPOINT.
Unit Size
2,276 Ft²
Days on Market
-
Land Size
1.37 acres
Price per sqft
$242
Property Type
House
Property Taxes
$789
HOA Dues
-
Year Built
1994

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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 #22220026)

Price History

Date / Event Date Event Price
Oct 17, 2022 Sold
Premium
Sold
Jun 27, 2022 Listed by RE/MAX at Barnegat Bay $549,888
Listed by RE/MAX at Barnegat Bay

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 59,677
  • Total Building Area: 2,276
  • Building Area: 2,276
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,276
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001370
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 11

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732104

Zoning

  • Zoning: R-75

Geography

  • Assessors Map Reference: TAX MAP 6
  • Account Number: 00009567
  • District: 13
  • Parcel: 13 00139-0000-00010
  • Block: 139
  • Lot: 10
  • Municipality: LACEY TWP
  • Latitude: 39.8241
  • Longitude: -74.1875

    Address

  • Full Address: 721 Pasadena Dr N
  • Address - House Number: 721
  • Street Segment Direction: N
  • Address - Street Name: Pasadena
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R005
  • 4-Digit Zip Code: 4901
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $962,907

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 536,969
  • High Value: 585,382
  • Low Value: 488,556

    Market Valuation

  • Market Total Value: $425,500
  • Market Land Value: $196,300
  • Market Improvement Value: $229,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425,500
  • Assessed Land Value: $196,300
  • Assessed Improvements Value: $229,200

    Sales

  • Current Sale Contract Date: Oct 17, 2022
  • Current Sale Recording Date: Oct 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 113383
  • Previous Sale Recording Date: Aug 02, 2017
  • Previous Sale Contract Date: Jul 18, 2017
  • Previous Sale Amount: $145,000
  • 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 Forked River

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1666 ft²

Average Home Age

44.3 years

Currently For Sale

48 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 1206 Polaris Court, Forked River, NJ, 08731

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 2,171 ft²
1206 Polaris Court, Forked River, NJ, 08731 Listing by Francine Chussler

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Julie L Choy, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22220026
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 721 Pasadena Drive built and last sold?
The property at 721 Pasadena Drive was built in 1994 and last sold on Oct 17, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 721 Pasadena Drive is $565,795.
What are some comparable homes to 721 Pasadena Drive?
There are currently no comparable homes to 721 Pasadena Drive.
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