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Ocean 08731
990 Capstan Drive
$535,000
● House - Off Market

990 Capstan Drive

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,860 Ft²
$557,436
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Spacious ranch with a short ride to the open bay and Barnegat Inlet. This ranch includes a large bonus family room additional off the back for extended water views and entertaining at your Jersey Shore home. Set on a 100x100 lot with vinyl bulkhead for plenty of room for the toys and future improvements. Large open eat in kitchen, 1 car garage, fireplace, fenced lot, gas heat and central air. Come check out all this home has to offer.
Unit Size
1,860 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$296
Property Type
House
Property Taxes
$681
HOA Dues
$8
Year Built
1969

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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 #22208111)

Price History

Date / Event Date Event Price
Apr 8, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by RE/MAX at Barnegat Bay $549,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,860
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 41

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732103

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 35
  • Account Number: 00042874
  • District: 13
  • Parcel: 13 00477-0000-00040
  • Block: 477
  • Lot: 40
  • Municipality: LACEY TWP
  • Latitude: 39.8428
  • Longitude: -74.152

    Address

  • Full Address: 990 Capstan Dr
  • Address - House Number: 990
  • Address - Street Name: Capstan
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R002
  • 4-Digit Zip Code: 2030
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $805,974

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 622,423
  • High Value: 754,229
  • Low Value: 490,617

    Market Valuation

  • Market Total Value: $367,200
  • Market Land Value: $220,000
  • Market Improvement Value: $147,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,200
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $147,200

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 48886
  • Previous Sale Recording Date: Feb 23, 1994
  • Previous Sale Contract Date: Nov 19, 1993
  • Previous Sale Amount: $163,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1584 ft²

Average Home Age

32.5 years

Currently For Sale

3052 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 1706 Compass Drive, Forked River, NJ, 08731

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 813 ft²
1706 Compass Drive, Forked River, NJ, 08731 Listing by Kenneth Nilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: James Murray, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22208111
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 990 Capstan Drive built and last sold?
The property at 990 Capstan Drive was built in 1969 and last sold on Apr 7, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 990 Capstan Drive is $558,360.
What are some comparable homes to 990 Capstan Drive?
There are currently no comparable homes to 990 Capstan Drive.
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