116 Bay Ave Forked River, NJ 08731
Lacey Township Neighborhood
3
Beds
3
Baths
2,812
Sq Ft
0.59
Acres
Highlights
- Open Floorplan
- Property fronts the bay but unit may not have water views
- Attic
- Colonial Architecture
- Wood Flooring
- 1 Fireplace
About This Home
As of June 2025Rehab 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
RE/MAX at Barnegat Bay - Forked River Listed on: 01/31/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,757
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 96 x 247 x 108 x 259
- Property fronts the bay but unit may not have water views
- Wood Fence
- Back Yard
- Property is zoned R80
Parking
- 8 Car Detached Garage
- 9 Driveway Spaces
- Front Facing Garage
- Side Facing Garage
Home Design
- Colonial Architecture
- Frame Construction
- Asphalt Roof
Interior Spaces
- 2,812 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- 1 Fireplace
- Unfinished Basement
- Side Basement Entry
- Attic
Kitchen
- Eat-In Kitchen
- Stove
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Laundry on lower level
- Dryer
- Washer
Location
- Flood Risk
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Forked River Subdivision
Listing and Financial Details
- Tax Lot 00018
- Assessor Parcel Number 13-00283-00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2025
Closed on
Jun 5, 2025
Sold by
Pasco William R
Bought by
Silvestri Michael Albert
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.38%
Purchase Details
Closed on
May 2, 1990
Bought by
Pasco William R and Pasco Lois J
Similar Homes in Forked River, NJ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $365,000 | Spire Abstract | |
| Deed | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $108,500 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 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
-
C
Seller's Agent in 2025
Charlene Brown
RE/MAX
-
T
Buyer's Agent in 2025
Tanea Hoffman
Jason Mitchell Real Estate New Jersey, LLC
Map
Source: Bright MLS
MLS Number: NJOC2031282
APN: 13-00283-0000-00018
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