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Toms River 08753
906 Salem Drive
$330,000
● House - Off Market

906 Salem Drive

Toms River, NJ 08753
bedrooms
3 Beds
bathrooms
1 Bath
$297,408
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Move right into this Toms River Ranch! Home Has an Eat In Kitchen with Ceramic tile floor and back-splash. All Stainless Steel Appliances and plenty of cabinet space.   Home is located in a great location, Close to The Parkway, Beaches, Mall and Shopping Centers. The Backyard features an Above Ground pool with a 2 level deck and concrete patio. The yard is fenced for your privacy. The over-sized garage has room for a workshop!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1961

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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 #22209363)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
Apr 3, 2022 Listed by Keller Williams Realty Monmouth/Ocean $294,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 7
  • Parking Space Count: 1
  • 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: 932
  • Building Area: 932
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 932
  • 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: Toms River Regional School District
  • Census Tract: 722600

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 5006
  • District: 08
  • Parcel: 08 00444- 08-00024
  • Block: 444.08
  • Lot: 24
  • Municipality: DOVER TWP
  • Latitude: 39.9752
  • Longitude: -74.1348

    Address

  • Full Address: 906 Salem Dr
  • Address - House Number: 906
  • Address - Street Name: Salem
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Toms River
  • Carrier Code: C018
  • 4-Digit Zip Code: 3948
  • Zip Code: 08753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,276
  • Initial Tax Delinquent Year: 2018

    Market Valuation

  • Market Total Value: $260,800
  • Market Land Value: $107,000
  • Market Improvement Value: $153,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,800
  • Assessed Land Value: $107,000
  • Assessed Improvements Value: $153,800

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 71994
  • Previous Sale Recording Date: May 06, 2022
  • Previous Sale Contract Date: Feb 28, 2022
  • Previous Sale Amount: $249,345
  • Previous Sale Document Type: 64
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 Toms River

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1751 ft²

Average Home Age

45.7 years

Currently For Sale

339 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 1055 Dove Street, Toms River, NJ, 08753

$3,200 /mo

  • 4 Beds
  • 2 Baths
1055 Dove Street, Toms River, NJ, 08753 Listing by Alyssa Giglio
Unit for rent at 786 Nebraska Avenue, Toms River, NJ, 08753

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,665 ft²
786 Nebraska Avenue, Toms River, NJ, 08753 Listing by Paul Verdicchio

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lawrence McCown, Keller Williams Realty Monmouth/Ocean
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22209363
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 906 Salem Drive built and last sold?
The property at 906 Salem Drive was built in 1961 and last sold on Jun 16, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 906 Salem Drive is $0.
What are some comparable homes to 906 Salem Drive?
There are currently no comparable homes to 906 Salem Drive.
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