For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Ocean 08731
8 Tom Gray Court
$275,000
● House - Off Market

8 Tom Gray Court

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,576 Ft²
$383,526
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

If your looking for a Carefree home to call yours, look no further, spacious ranch home that has it all... 3 Bedrooms / MBR en suite, 2 baths Formal Living Room, Formal Dining Room, Chefs Kitchen, oversized Family room,  2 Car Garage, Private deck.... The Seller has just replaced the Furnace,, Air Conditioning and Hot Water Heater this past July.
Unit Size
1,576 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
2001

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22004154)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Jan 30, 2020 Listed by United Real Estate Associates $280,000
Listed by United Real Estate Associates

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,462
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 910
  • Total Building Area: 1,576
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 32
  • Account Number: 10001259
  • District: 13
  • Parcel: 13 00400-0000-00001- 08
  • Block: 400
  • Lot: 1.08
  • Municipality: LACEY TWP
  • Latitude: 39.847
  • Longitude: -74.1834

    Address

  • Full Address: 8 Tom Gray Ct
  • Address - House Number: 8
  • Address - Street Name: Tom Gray
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R007
  • 4-Digit Zip Code: 1700
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $569,371

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 453,042
  • High Value: 554,879
  • Low Value: 351,205

    Market Valuation

  • Market Total Value: $251,600
  • Market Land Value: $107,000
  • Market Improvement Value: $144,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $251,600
  • Assessed Land Value: $107,000
  • Assessed Improvements Value: $144,600

    Sales

  • Current Sale Contract Date: Jun 11, 2020
  • Current Sale Recording Date: Jun 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020061987
  • Previous Sale Recording Date: Aug 03, 2001
  • Previous Sale Contract Date: Jul 19, 2001
  • Previous Sale Amount: $162,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29.1 years

Currently For Sale

4369 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 319 Nautilus Boulevard, Forked River, NJ, 08731

$2,950 /mo

  • 3 Beds
  • 1 Bath
319 Nautilus Boulevard, Forked River, NJ, 08731 Listing by Malka S Cymet
Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,300 /mo

  • 3 Beds
  • 3 Baths
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Paul Quinn, United Real Estate Associates
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22004154
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 8 Tom Gray Court built and last sold?
The property at 8 Tom Gray Court was built in 2001 and last sold on Jun 11, 2020 for $270,000.
How much is this home worth?
The estimated value of the home located at 8 Tom Gray Court is $294,835.
What are some comparable homes to 8 Tom Gray Court?
There are currently no comparable homes to 8 Tom Gray Court.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Ocean Homes for Sale
Ocean Houses for Sale
Ocean Condos for Sale
Ocean Co-Ops for Sale
Ocean Townhouses for Sale
Ocean Multifamily for Sale
Ocean Land for Sale
Ocean Commercial for Sale
Nearby Cities
New York Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Vineland Homes for Sale
Ocean Acres Homes for Sale
Ocean City Homes for Sale
Nearby Property Records
Ocean County, NJ Property Records
Burlington County, NJ Property Records
Monmouth County, NJ Property Records
Atlantic County, NJ Property Records
Middlesex County, NJ Property Records
Mercer County, NJ Property Records
Camden County, NJ Property Records
Gloucester County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Camden Homes for Sale
Burlington Homes for Sale
Hempstead Homes for Sale
Top Real Estate Agents
Top Agents in Ocean
Top Agents in New York
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Middlesex
Top Agents in Camden