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Ocean 08731
833 Tappan Street
$240,000
● House - Off Market

833 Tappan Street

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,563 Ft²
$401,201
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Charming expanded vinyl sided ranch with many updates.   Newer roof, furnace, AC, dishwasher, built in microwave and hardwood flooring throughout help make this a truly ''turn key'' offering.  Large eat in kitchen with ample cabinet and counter space.  Vaulted ceiling (skylights) addition in rear currently used as dining room with space for an office or TV viewing.  Nicely landscaped, great backyard for BBQ and entertaining, fenced in for the dog and it has a shed.  Anderson windows.  3 ceiling fans included.  Ceramic tiled bathroom and kitchen floors. USDA APPROVED AREA (100% financing possible)
Unit Size
1,563 Ft²
Days on Market
-
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1992

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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 #21636469)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Sep 17, 2016 Listed by Gloria Nilson & Co. Real Estate $249,900
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,563
  • Building Area: 1,563
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,563
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: LOTS 11,12,13

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732003

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 70
  • Account Number: 00106547
  • District: 13
  • Parcel: 13 01542-0000-00010
  • Block: 1542
  • Lot: 10
  • Municipality: LACEY TWP
  • Latitude: 39.8556
  • Longitude: -74.2113

    Address

  • Full Address: 833 Tappan St
  • Address - House Number: 833
  • Address - Street Name: Tappan
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1250
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $477,946

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 430,036
  • High Value: 525,096
  • Low Value: 334,977

    Market Valuation

  • Market Total Value: $211,200
  • Market Land Value: $76,000
  • Market Improvement Value: $135,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,200
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $135,200

    Sales

  • Current Sale Contract Date: Jun 23, 2017
  • Current Sale Recording Date: Jul 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017068162
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Contract Date: Sep 07, 2005
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
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: Richard E Lombarski, Gloria Nilson & Co. Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21636469
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 833 Tappan Street built and last sold?
The property at 833 Tappan Street was built in 1992 and last sold on Jun 23, 2017 for $240,000.
How much is this home worth?
The estimated value of the home located at 833 Tappan Street is $0.
What are some comparable homes to 833 Tappan Street?
There are currently no comparable homes to 833 Tappan Street.
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