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Forked River 08731
731 Fairview Lane
$750,000
● House - Off Market

731 Fairview Lane

Forked River, NJ 08731
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,600 Ft²
$877,853
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

All the superlatives apply to this fabulous, move in ready waterfont home, on prime Channels Point real estate.  Original owners have updated and maintained every inch, home shows like a model. Kitchen is a cooks dream with top of the line appliances and tons of cabinets.Sunroom and family room additions open to multi level decking around heated pool.Separate stairway leads to open loft area large enough to be 5th bedroom.Vinyl bulkhead protects your investment, only moments to open bay. Flood insurance is only $500 a year, Home did not sustain any damage in Sandy. Amenities include imported Italian Ceramic tile, hardwood flooring, Thermador double oven, the list goes on.  Seeing is believing so make your appointment today
Unit Size
3,600 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$217
Property Type
House
Property Taxes
$1,251
HOA Dues
-
Year Built
1996

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 #22038997)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Nov 9, 2020 Listed by Coldwell Banker Riviera Realty $780,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,422
  • Building Area: 3,422
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,422
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 7
  • Account Number: 00206800
  • District: 13
  • Parcel: 13 00149- 01-00027
  • Block: 149.01
  • Lot: 27
  • Municipality: LACEY TWP
  • Latitude: 39.8254
  • Longitude: -74.1822

    Address

  • Full Address: 731 Fairview Ln
  • Address - House Number: 731
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R010
  • 4-Digit Zip Code: 4966
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,606,051

    Appraisal Valuation

  • Standard Deviation: 0.2113
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 1,003,801
  • High Value: 1,215,919
  • Low Value: 791,683

    Market Valuation

  • Market Total Value: $709,700
  • Market Land Value: $226,300
  • Market Improvement Value: $483,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $709,700
  • Assessed Land Value: $226,300
  • Assessed Improvements Value: $483,400

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Nov 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021159605
  • Previous Sale Recording Date: Dec 01, 1997
  • Previous Sale Amount: $281,500
  • 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

$334

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1769 ft²

Average Home Age

46.9 years

Currently For Sale

28 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: Kathleen Zito, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22038997
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 731 Fairview Lane built and last sold?
The property at 731 Fairview Lane was built in 1996 and last sold on Sep 23, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 731 Fairview Lane is $787,800.
What are some comparable homes to 731 Fairview Lane?
There are currently no comparable homes to 731 Fairview Lane.
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