5 Penn Place
Forked River, NJ 08731
Cranberry Hill
4 Beds
2.5 Baths
3,692 sqft (on 0.71 acres)
4 Beds
2.5 Baths
3,692 sqft
(on 0.71 acres)
Local Information
- Map ViewExplore the area around 5 Penn Place.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
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Description
Penn Place is Cranberry Hill's best-kept secret! This stunning residence stands as the largest model in the development and boasts 4 (possibly 5) bedrooms, 2.5 bathrooms, and an impressive 3,692 square feet of living space. Situated on .71 acres, it features a premium lot that was carefully selected during its construction. As you step inside through the 2-story foyer, you'll immediately be embraced by an abundance of natural light and the gleaming hardwood floors that flow throughout. The open floorplan creates a seamless flow between the rooms, making it perfect for both everyday living and entertaining. Formal living room & dining rooms exude elegance, adorned with crown molding and offering a bright and airy atmosphere. The beautiful eat-in kitchen is a chef's dream, boasting 42'' cabinets, recessed lighting, a center island, and a spacious pantry to store all your culinary essentials. The Expansive sunken family room is a true masterpiece complete with beautiful wood flooring, a cozy fireplace with exquisite decorative molding, and a convenient back staircase, perfect for gathering with loved ones or enjoying a quiet evening by the fire. Retreat to the master bedroom, a tranquil haven, offering a sitting area, tray ceilings, and not one, but two walk-in closets. The master bathroom was designed for relaxation and indulgence and boasts a luxurious soaking tub, an electric fireplace, double sinks, and a walk-in linen closet.
In addition to the main living areas, this home also boasts a full finished basement, providing even more space for recreation and storage. Outside, the backyard is an oasis of its own, with a two-tiered deck that's ideal for entertaining. The highlight, however, is the Gunite saltwater pool, perfect for cooling off on hot summer days. Raised garden beds add a touch of charm, and with sprinklers on a well for irrigation, maintaining the lush landscaping is a breeze. Don't miss out on this exceptional opportunity to make this home your own. Schedule your showing today!
In addition to the main living areas, this home also boasts a full finished basement, providing even more space for recreation and storage. Outside, the backyard is an oasis of its own, with a two-tiered deck that's ideal for entertaining. The highlight, however, is the Gunite saltwater pool, perfect for cooling off on hot summer days. Raised garden beds add a touch of charm, and with sprinklers on a well for irrigation, maintaining the lush landscaping is a breeze. Don't miss out on this exceptional opportunity to make this home your own. Schedule your showing today!
5 Penn Place, Forked River, NJ 08731 is a 4 bedroom, 3 bathroom, 3,692 sqft single-family home in Cranberry Hill, built in 2001. It last sold for $852,000 on Apr 8, 2024 (4% above the $819,900 asking price). It is currently off market. The Trulia Estimate is $968,300, with a rent estimate of $4,655/month.
Home Highlights
Parking
2 Car Garage
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 5 Penn Place
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Interior Details Basement: Finished,Full |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 3692 Square Feet |
Heating & Cooling Heating: Natural Gas,Forced Air,2 Zoned HeatHas CoolingAir Conditioning: 2 Zoned ACHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa Number of Fireplaces: 2Has a FireplaceNo Spa |
Windows, Doors, Floors & Walls Flooring: Tile, Wood, Other |
Levels, Entrance, & Accessibility Stories: 2Floors: Tile, Wood, Other |
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Exterior Home Features Exterior: SwimmingHas a Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Double Wide Drive |
Pool Pool: Gunite, In Ground, Salt WaterPool |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Topography: Level |
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Year Built Year Built: 2001 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Colonial |
Building Construction Materials: Brick |
Property Information Parcel Number: 1301631020001316 |
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Price List Price: $819,900 |
Status Change & Dates Off Market Date: Mon Feb 12 2024 |
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MLS Status: Closed |
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Direction & Address City: Forked RiverCommunity: Cranberry Hill |
School Information Elementary School: Lanoka HarborJr High / Middle School: Lacey TownshipHigh School: Lacey Township |
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Building Area Building Area: 3692 Square Feet |
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No HOA |
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Lot Area: 0.71 acres |
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BasementMls Number: 22402721Attic: Pull Down Stairs |
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Source Internet Entire Listing Display |
Last check for updates: about 4 hours ago
Listed by Jaime Pluta, (732) 597-8467
RE/MAX Revolution
Bought with: David Lazaro, (732) 718-2314, Keller Williams Shore Properties
Source: MoreMLS, MLS#22402721
Price History for 5 Penn Place
| Date | Price | Event | Source |
|---|---|---|---|
| 04/08/2024 | $852,000 | Sold | MoreMLS #22402721 |
| 02/12/2024 | $819,900 | Pending | MoreMLS #22402721 |
| 01/31/2024 | $819,900 | Listed For Sale | MoreMLS #22402721 |
| 07/22/2016 | $490,000 | Sold | MoreMLS #21616302 |
| 06/03/2016 | $499,000 | Pending | Agent Provided |
| 04/26/2016 | $499,000 | Listed For Sale | Agent Provided |
Market trends in Forked River
Last updated June 2026
Avg. sale price
$590K
$17.48KMoM
Sale-to-List Price
99.8%
Price per sq ft
$313
$7MoM
Available listings
108
5MoM
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Property Tax and Assessment
| Year | 2023 |
|---|---|
| Tax | $12,492 |
| Assessment | $552,000 |
Home facts updated by county records
Comparable Sales for 5 Penn Place
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Single-Family Home | $740,000 | 04/22/26 | 4 | 2.5 | 2,850 | |
0.16 | Single-Family Home | $830,000 | 04/23/26 | 5 | 4.5 | 2,949 | |
0.21 | Single-Family Home | $612,500 | 11/17/25 | 3 | 2.5 | 1,904 | |
0.24 | Single-Family Home | $595,000 | 02/06/26 | 3 | 2 | 2,658 | |
0.24 | Single-Family Home | $630,000 | 07/28/25 | 4 | 2.5 | 2,302 | |
0.37 | Single-Family Home | $430,000 | 12/01/25 | 3 | 3 | 2,240 | |
0.19 | Single-Family Home | $560,000 | 11/18/25 | 4 | 2.5 | 1,866 | |
0.56 | Single-Family Home | $760,000 | 05/20/26 | 4 | 2.5 | 2,600 | |
0.33 | Single-Family Home | $625,000 | 08/22/25 | 3 | 2 | 1,484 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETValerie Brown, Coldwell Banker Riviera Realty
OFF MARKETIrene Shepherd, Caplan Realty Associates LLC
OFF MARKETChristine Bender, Weichert Realtors-Forked River
OFF MARKETDonna L Koeppen, Weichert Realtors-Forked River
OFF MARKETCentury 21 Action Plus Realty - Forked River
FOR SALEOPEN SUN, 12-2PM0.34 ACRESJaime Pluta, RE/MAX Revolution
OFF MARKETBetter Homes and Gardens Real Estate Murphy & Co.
SOLDAPR 23, 2026Janice M Martin, C21/ Action Plus Realty
SOLDAPR 22, 2026Jaime Pluta, RE/MAX Revolution
OFF MARKETJames Murray, RE/MAX at Barnegat Bay
FOR SALEDanielle Coyle, RE/MAX Select
Assigned Schools
These are the assigned schools for 5 Penn Place.
- Lacey Twp Middle School
- 6-8
- Public
- 819 Students
5/10GreatSchools RatingParent Rating AverageMy experience at this school is Excellent !Parent Review6y ago - Lanoka Harbor Elementary School
- 1-5
- Public
- 465 Students
4/10GreatSchools RatingParent Rating AverageWe love this school because the staff is personable an the kids seem to interact well with all the teachers as if they know all of them on a daily bases. The principle makes every child feel as if she know's he or she personally. U just get a warm feeling when u spend tie with the children in school. That has been my experience.Parent Review13y ago - Mill Pond Elementary School
- PK-K
- Public
- 599 Students
NAGreatSchools RatingParent Rating AverageThis school has a literal severe issue with bullying.Parent Review3y ago - Lacey Twp High School
- 9-12
- Public
- 1119 Students
4/10GreatSchools RatingParent Rating AverageAs a parent , we all want whats best for our kids. Our experience with Lacey schools was the best. Both of my kids graduated near the top of their classes and excelled in academics, sports, music . One graduated from IVY LEAGUE , the other from PACE UNIVERSITY in NY. They are excelling in their careers far beyond what we could have imagined. They are well rounded, happy, and successful. They both would say that they enjoyed and benefited from Lacey Schools. I would recommend to ANYONE considering moving into Lacey that its a great place to live with great schools. We are so proud of what our kids have accomplished and we believe that its because of the educational foundation established at Lacey Twp schools.Parent Review8y ago 
Check out schools near 5 Penn Place.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
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Homes for sale near 5 Penn Place
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Off Market Homes Near 5 Penn Place
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SOLDJUL 14, 2026Lisa Hill, Berkshire Hathaway HomeServices Fox & Roach - Toms River
SOLDJUL 13, 2026Alana Lieurance, Berkshire Hathaway HomeServices Fox & Roach - Toms River
SOLDJUL 10, 2026Carol DeFelice, DeFelice Realty Group, LLC
SOLDJUL 10, 2026Alisa E. Zarra, Coldwell Banker Riviera Realty
SOLDJUL 9, 2026Anthony DiSanzo, Compass New Jersey , LLC
SOLDJUL 8, 2026James Murray, RE/MAX at Barnegat Bay- SOLDJUL 8, 2026Keller Williams Realty - Wildwood Crest
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