NOT LISTED FOR SALE

116 Bay Ave Forked River, NJ 08731

Estimated Value: $666,000 - $681,588

0.59 Acre
$1,143,469 Price per Acre
25,700 Sq Ft Lot

Sale Details

Date Sold: June 6, 2025

Last sale price $365,000

Est. 85% increase in value since last sale

Current estimated payment $4,368 / mo

97 Days on Market

Highlights

  • Guest House
  • Private Lot
  • No HOA
  • 0.59 Acre Lot
  • Property fronts the bay but unit may not have water views
  • Garage

About This Lot

As of June 2025

BEAUTIFUL Lot! This huge - over a half acre property is beaming with potential & is a possible subdivision. Rehab this historic charmer or build NEW! This huge - over a half acre property is beaming with potential & is a possible subdivision. Rare find & incredible location surrounded by some of Lacey Township's finest historic homes. Property boasts views of the picturesque Forked River. The upstairs layout of 3 beds & 2 baths has been partially cleared & gutted for remodeling. Downstairs is partially livable. This is an ''AS IS'' Sale. 2 car garage: 1 attached & 1 OVERSIZED detached garage. The backyard has fencing for privacy. Just a short walk to Eno's Pond County Park & dining on the Forked River. This opportunity won't last.

Last Agent to Sell the Property

Charlene Brown

(609) 693-5002 forkedriver@rbbre.com RE/MAX at Barnegat Bay - Forked River Listed on: 02/15/2025

RE/MAX at Barnegat Bay - Forked River

Last Buyer's Agent

Tanea Hoffman

(917) 626-3747 aarnone@jasonmitchellgroup.com Jason Mitchell Real Estate New Jersey, LLC License #2185133

Jason Mitchell Real Estate New Jersey, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,757

Lot Details

  • 25,700 Sq Ft Lot
  • Lot Dimensions are 96 x 247 x 108 x 259
  • Property fronts the bay but unit may not have water views
  • Private Lot
  • Back and Front Yard
  • Property is zoned R80

Parking

  • Garage

Additional Features

  • Guest House
  • Flood Risk

Listing and Financial Details

  • Tax Lot 00018
  • Assessor Parcel Number 13-00283-00018

Community Details

Overview

  • No Home Owners Association
  • Forked River Subdivision

Recreation

  • Storage Shed

Property Details

Property Type

Land

Est. Annual Taxes

$8,757

Lot Details

0.59 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 14.40

Exterior Features

  • Other Structures List: Storage Barn/Shed, Garage(s), Guest House
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Rear Yard, Private
  • Lot Size Acres: 0.59
  • Lot Dimensions: 96 X 247 X 108 X 259
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 25700.40
  • Zoning: R80
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8757.00
  • Assessor Parcel Number: 13-00283-00018
  • Tax Lot: 00018
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2025
Closed on
Jun 5, 2025
Sold by
Bought by
Seller's Agent
Charlene Brown
RE/MAX at Barnegat Bay - Forked River
Buyer's Agent
Tanea Hoffman
Jason Mitchell Real Estate New Jersey, LLC
List Price
$499,000
Sold Price
$365,000
Premium/Discount to List
-$134,000
-26.85%
Views
392
Current Estimated Value
$674,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,647
Avg. Annual Appreciation
87.17%

Purchase Details

Closed on
May 2, 1990
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$365,000 Spire Abstract
$130,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/06/2025 06/06/25 Sold $365,000 -1.4% --
04/19/2025 04/19/25 Price Changed $370,000 -7.3% --
03/26/2025 03/26/25 Price Changed $399,000 -7.2% --
03/14/2025 03/14/25 Price Changed $430,000 -9.5% --
02/25/2025 02/25/25 Price Changed $475,000 -4.8% --
02/15/2025 02/15/25 For Sale $499,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,452 $345,600 $125,000 $220,600
2024 $8,187 $345,600 $125,000 $220,600
2023 $7,821 $345,600 $125,000 $220,600
2022 $7,821 $345,600 $125,000 $220,600
2021 $7,690 $345,600 $125,000 $220,600
2020 $7,444 $345,600 $125,000 $220,600
2019 $7,313 $345,600 $125,000 $220,600
2018 $7,227 $345,600 $125,000 $220,600
2017 $7,061 $345,600 $125,000 $220,600
2016 $7,033 $345,600 $125,000 $220,600
2015 $6,718 $345,600 $125,000 $220,600
2014 $6,192 $360,000 $140,000 $220,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2031754

Bright MLS

APN: 13-00283-0000-00018

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