Pending79d on market
23 Penn Place
Forked River, NJ, 08731 • 08731 • Ocean County
$845,000
$287/sqft
Down payment assistance available
5Beds
5Baths
2,949Sqft
0.36 acLot
2002Built
Property DNA
Custom,Colonial Style
Built 2002 · 24 years of history
Cranberry Hill
08731
1 Fireplace
Cozy heat source
Private Pool
See Remarks · Fenced · In Ground · Pool Equipment · Vinyl
2-Car Garage
Paved · Asphalt · Double Wide Drive · Driveway · Off Street · Oversized
Ceramic Tile & Wood Floors
Quality flooring throughout
This home is getting attention
Listed 79 days ago · 273 views · 2 saves
Market activity
Demand and pricing signals for this listing
273 views
People checking out this listing
2 saves
Buyers have saved this home
79 days on market
Established listing
$287/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 13% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Single Family · Built 2002
Situated in the highly sought-after Cranberry Hill section of Forked River, this beautifully maintained custom colonial offers a perfect blend of space, comfort, and functionality. This home features a grand 2 story foyer and a 1st floor bedroom with a handicap accessible full bath. Hardwood floors flow throughout the formal living room, sunken family room, kitchen and dining area. The kitchen offers a stainless steel appliance package and dining area with French doors leading to the back deck. A bonus office is conveniently located off the family room. The laundry room includes built in cabinets, utility sink and tile floor, while the powder room also features tile flooring. The spacious primary suite boasts a cathedral ceiling and a luxurious bath with double sinks, jetted corner tub... custom cabinetry with granite countertops, tile flooring, and a double shower. The full basement is partially finished and includes a full bath, storage area, and a walk-out access. Step outside to a private, beautifully landscaped backyard oasis with a built in heated in ground pool, waterfall feature, and paver patio. This home combines comfort, accessibility, and resort style outdoor living, making it truly a special offering. * Some photos are enhanced CINCH HOME WARRANTY INCLUDED
Standout features identified
Our analysis highlights double shower, waterfall feature, and tile flooring as key attractions of this home.
Estimated monthly payment
Based on current rates
$5,296/month
Principal & Interest$4,170
Property Tax$845
Insurance$282
Down payment20% ($169,000)
3%50%
Est. 6.27% rate · 30yr fixed · $676,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built2002
HeatingNatural Gas, Forced Air, 2 Zoned Heat
Cooling2 Zoned AC
Parking2 Attached Garage spaces
Lot0.36 Acres
Days on Zillow79 Days
Price/sqft$287
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleCustom,Colonial
Year built2002
Stories2
Systems
HeatingNatural Gas, Forced Air, 2 Zoned Heat
Cooling2 Zoned AC
ConstructionBrick
Water / SewerPublic Sewer
Parking & Outdoor
ParkingPaved, Asphalt, Double Wide Drive, Driveway, Off Street, Oversized
Garage2 spaces
BasementCeilings - High,Full,Heated,Partially Finished,Walk-Out Access
Fireplaces1
Lot0.36 Acres
Location & Tax
Neighborhood08731
Annual tax$12,485
Parcel1301631020001308
Bathrooms & Fees
Full baths4
Features & details
10 categories of property features
Interior Features
Interior
Eat-in Kitchen
Recessed Lighting
Flooring
Ceramic Tile
Wood
Heating
Natural Gas
Forced Air
2 Zoned Heat
Cooling
2 Zoned AC
Accessibility
Handicap Equipped
Exterior Features
Exterior
Swimming
Lighting
Parking
Paved
Asphalt
Double Wide Drive
Driveway
Off Street
Oversized
Construction
Brick
Lot Features
Back to Woods
Pool Features
See Remarks
Fenced
In Ground
Pool Equipment
Vinyl
Listing insights
Market data and value estimates
StatusPending
Days on market79
Est. value$836,700
Est. rent$5,520/mo
Tax rate1.49%
Price/sqft$287
On marketFeb 17, 2026
PostedJan 21, 2026
Last sold$355,000
MLS updatedMar 9, 2026
Tour days6
Views273
Favorites2
How are the schools in Forked River?
3 schools rated nearby
Location
Forked River, NJ, 08731
Price history
10 events
DateEventPrice$/sqftSource
Mar 9, 2026Pending Sale$845,000$287MoreMLS
Feb 17, 2026Listed For Sale$845,000$287MoreMLS
Feb 3, 2026Pending Sale$845,000$287MoreMLS
Jan 21, 2026Listed For Sale$845,000$287MoreMLS
May 16, 2018Sold$355,000$120MoreMLS
Apr 5, 2018Pending Sale$374,400$127RE/MAX At Barnegat Bay - TR
Feb 22, 2018Price Change$374,400$127RE/MAX At Barnegat Bay - TR
Jan 25, 2018Listed For Sale$416,000$141RE/MAX AT BARNEGAT BAY
Jan 18, 2017Sold$301,000$102Public Record
Mar 25, 2002Sold$368,953$125Public Record
Pending Sale$845,000
Mar 9, 2026•$287/sqft•MoreMLS
Listed For Sale$845,000
Feb 17, 2026•$287/sqft•MoreMLS
Pending Sale$845,000
Feb 3, 2026•$287/sqft•MoreMLS
Listed For Sale$845,000
Jan 21, 2026•$287/sqft•MoreMLS
Sold$355,000
May 16, 2018•$120/sqft•MoreMLS
Pending Sale$374,400
Apr 5, 2018•$127/sqft•RE/MAX At Barnegat Bay - TR
Price Change$374,400
Feb 22, 2018•$127/sqft•RE/MAX At Barnegat Bay - TR
Listed For Sale$416,000
Jan 25, 2018•$141/sqft•RE/MAX AT BARNEGAT BAY
Sold$301,000
Jan 18, 2017•$102/sqft•Public Record
Sold$368,953
Mar 25, 2002•$125/sqft•Public Record
Tax history
20 years of records
YearTax paidAssessed value
Apr 10, 2023$10,331$456,500
Apr 10, 2022$10,157$456,500
Apr 10, 2021$10,157$456,500
Apr 10, 2020$9,217$435,600
Apr 10, 2019$9,108$435,600
Apr 10, 2018$8,899$435,600
Apr 10, 2017$8,864$435,600
Apr 10, 2016$8,468$435,600
Apr 10, 2015$8,445$435,600
Apr 10, 2014$8,087$491,000
Apr 10, 2013$7,493$491,000
Apr 10, 2012$7,208$491,000
Apr 10, 2011$7,041$491,000
Apr 10, 2010$6,933$491,000
Apr 10, 2009$8,855$491,000
Apr 10, 2008$8,917$269,000
Apr 10, 2007—$269,000
Apr 10, 2006$8,005$269,000
Apr 10, 2004—$261,500
Apr 10, 2003—$262,900
Nearby homes
Neighborhood details
Local context around this listing
Forked River, NJ • Ocean County
Nearby cities
BarnegatBayvilleBrickBrowns MillsForked RiverJacksonLakewoodManahawkin
Nearby zip codes
0873108734
Similar homes
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.
No obligation · Same-day response