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Ocean 08731
917 Capstan Drive
$368,000
● House - Off Market

917 Capstan Drive

Forked River, NJ 08731
bedrooms
4 Beds
bathrooms
3 Baths
$563,124
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Spectacular waterfront beauty featuring over 3000' of living.  Elegant well appointed home features open flowing floor plan that will satisfy anyone's needs.  Home offers 2 master suites, one on the first level & the other on the second level. 1st level certainly can be an in-law suite.  Kitchen offering lots of natural cabinets, & a breakfast nook to enjoy the breathtaking scenery of the intersecting lagoons.  Every room in this home is more than ample in size.  Second level with balcony that expands the length of the home & has access doors from every room.  This home is located on a deep water lagoon with direct access to the bay. Gracious living all the way.  Bring the boat, bring the family, enjoy the life style.

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Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$849
HOA Dues
$3
Year Built
1966

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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 #21508711)

Price History

Date / Event Date Event Price
Nov 22, 2017 Sold
Premium
Sold
Mar 13, 2015 Listed by Coldwell Banker Riviera Realty $355,000
Listed by Coldwell Banker Riviera Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 0
  • Parking Space Count: 0
  • 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: 3,099
  • Building Area: 3,099
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,099
  • 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: 732103

Zoning

  • Zoning: R75A

Geography

  • Assessors Map Reference: TAX MAP 27
  • Account Number: 00031938
  • District: 13
  • Parcel: 13 00362-0000-00015
  • Block: 362
  • Lot: 15
  • Municipality: LACEY TWP
  • Latitude: 39.8428
  • Longitude: -74.1588

    Address

  • Full Address: 917 Capstan Dr
  • Address - House Number: 917
  • Address - Street Name: Capstan
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2029
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $969,017

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 774,907
  • High Value: 939,442
  • Low Value: 610,371

    Market Valuation

  • Market Total Value: $428,200
  • Market Land Value: $221,300
  • Market Improvement Value: $206,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428,200
  • Assessed Land Value: $221,300
  • Assessed Improvements Value: $206,900

    Sales

  • Current Sale Contract Date: Nov 22, 2017
  • Current Sale Recording Date: Dec 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017126448
  • Previous Sale Recording Date: Dec 22, 2005
  • Previous Sale Contract Date: Dec 16, 2005
  • Previous Sale Amount: $495,000
  • 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

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4297 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: Maria A Rizzo, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21508711
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 917 Capstan Drive built and last sold?
The property at 917 Capstan Drive was built in 1966 and last sold on Nov 22, 2017 for $368,000.
How much is this home worth?
The estimated value of the home located at 917 Capstan Drive is $358,550.
What are some comparable homes to 917 Capstan Drive?
There are currently no comparable homes to 917 Capstan Drive.
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