NOT LISTED FOR SALE

516 Raleigh Dr Forked River, NJ 08731

Lacey Township Neighborhood

Estimated Value: $688,000 - $990,000

3 Beds
2.5 Baths
2,538 Sq Ft
$339/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $289,900 $114 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $5,879/month

19 Days on Market

Highlights

  • Home fronts a lagoon or estuary
  • Home fronts a canal
  • No HOA
  • Property near a lagoon
  • Contemporary Architecture
  • 2 Car Direct Access Garage

About This Home

As of August 2019

Great Opportunity - Lacey Township Waterfront - This 3 bedroom 2.5 bath contemporary is waiting for a new owner. This is a wonderful opportunity to own in a great waterfront community. Located on a lagoon off of Stouts Creek with beautiful views out to the Barnegat Bay. Home boasts large rooms, a living room, family room and a dining room. A large 3 season room as well to host all of your summer gatherings. The 2nd floor has a great layout with the bedrooms being located here as well as your 2 full baths and your laundry area.

Last Agent to Sell the Property

AnnMarie Franz

RE/MAX at Barnegat Bay License #0449176 Listed on: 06/13/2019

RE/MAX at Barnegat Bay

Last Buyer's Agent

Janice Martin

Pacesetter Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,881

Year Built

  • Built in 1986

Lot Details

  • Home fronts a lagoon or estuary
  • Home fronts a canal

Parking

  • 2 Car Direct Access Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom

Outdoor Features

  • Property near a lagoon

Schools

  • Lacey Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 13-00459-0000-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,881

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Lagoon
  • Inclusions: Stove
  • Subdivision Name: None
  • Architectural Style: Contemporary
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet
  • Reso Interior Features: Attic - Pull Down Stairs
  • New Construction: No
  • Year Built: 1986
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Garage Direct Entry: Yes
  • Interior Attic - Pull Down Stairs: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Lot Description Lagoon2: Yes
  • Water Type Lagoon: Yes
  • Water Type CanalInlet: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Primary Bedroom:Full Bath: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Canal/Inlet, Lagoon
  • Waterfront: Yes
  • Exterior Features: Other
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Direct Access
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 13-00459-0000-00007

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 11881.0

MLS Schools

  • High School: Lacey Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2019
Closed on
Aug 22, 2019
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Avallone Peter and Avallone Jennifer
Seller's Agent
AnnMarie Franz
RE/MAX at Barnegat Bay
Buyer's Agent
Janice Martin
Pacesetter Realty
Sold Price
$289,900
Current Estimated Value
$860,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,356
Avg. Annual Appreciation
20.03%
Original Mortgage
$468,279
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2018
Sold by
Palmucci Eleanor and United States Of America
Bought by
Wilmington Savings Fund Society and Nationstar Hecm Acquisition Trust 2018 1

Purchase Details

Closed on
Jun 30, 2010
Sold by
Palmucci John and Palmucci Eleanor
Bought by
Palmucci Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Avallone Peter $289,900 Group 21 Title Agency Llc
Wilmington Savings Fund Society $250,000 None Available
Palmucci Eleanor -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avallone Jennifer M $130,500
Closed Avallone Jennifer M $122,000
Open Avallone Jennifer $540,000
Closed Avallone Jennifer $468,694
Closed Avallone Peter $468,279
Previous Owner Palmucci Eleanor $637,500
Previous Owner Palmucci Eleanor $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2019 08/20/19 Sold $289,900 -- $114 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2025 $15,554 $613,800 $255,200 $358,600
2024 $14,541 $613,800 $255,200 $358,600
2023 $13,890 $613,800 $255,200 $358,600
2022 $13,890 $613,800 $255,200 $358,600
2021 $13,657 $613,800 $255,200 $358,600
2020 $12,239 $568,200 $251,800 $316,400
2019 $12,023 $568,200 $251,800 $316,400
2018 $11,881 $568,200 $251,800 $316,400
2017 $11,608 $568,200 $251,800 $316,400
2016 $11,063 $568,200 $251,800 $316,400
2015 $10,546 $568,200 $251,800 $316,400
2014 $11,217 $681,200 $351,800 $329,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    AnnMarie Franz

    RE/MAX

    Section Image

  • J

    Buyer's Agent in 2019

    Janice Martin

    Pacesetter Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21924614

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 13-00459-0000-00007

New Jersey Ocean County Forked River 08731 Lacey Township

516 Raleigh Dr, Forked River, NJ

This home is located at 516 Raleigh Dr, Forked River, NJ 08731 since 13 June 2019 and is currently estimated at $860,256, approximately $338 per square foot. This property was built in 1986. 516 Raleigh Dr is a home located in Ocean County with nearby schools including Lacey Township High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) 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.

Nearby Homes