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Ocean 08724
118 Charleson Road
$555,000
● House - Off Market

118 Charleson Road

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,644 Ft²
$3,233
Est. Monthly
8.46%
Cap Rate

About This Property

Midstreams - Corner Lot!  4 Bedrooms, Living Room, Dining Room, Eat-n-ktichen, Family Room, Full bath & 1/2 Bath, Full Basement and 1 Car Garage.  Corner Lot - with fenced rear yard-Hardwood floors in Foyer/Lr/Dr/Stairs and bedrooms.
Unit Size
1,644 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$332
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MOMLS #22434342)

Price History

Date / Event Date Event Price
Feb 7, 2025 Sold
Premium
Sold
Jan 3, 2025 In contract -
In contract
Dec 4, 2024 Listed by Weichert Realtors-Brick $545,000
Listed by Weichert Realtors-Brick

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 648
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,644
  • Building Area: 1,644
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,644
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713600

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 50.6
  • Account Number: 00516889
  • District: 07
  • Parcel: 07 00903- 05-00015
  • Block: 903.05
  • Lot: 15
  • Municipality: BRICK TWP
  • Latitude: 40.066
  • Longitude: -74.093

    Address

  • Full Address: 118 Charleson Rd
  • Address - House Number: 118
  • Address - Street Name: Charleson
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C011
  • 4-Digit Zip Code: 4545
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $624,652

    Appraisal Valuation

  • Standard Deviation: 0.2168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 530,098
  • High Value: 645,025
  • Low Value: 415,171

    Market Valuation

  • Market Total Value: $255,900
  • Market Land Value: $129,500
  • Market Improvement Value: $126,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,900
  • Assessed Land Value: $129,500
  • Assessed Improvements Value: $126,400

    Sales

  • Current Sale Contract Date: Aug 02, 1990
  • Current Sale Recording Date: Aug 02, 1990
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$305

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1597 ft²

Average Home Age

38.1 years

Currently For Sale

2993 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MOMMLS

Listed by: Janet Ettore, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22434342
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 118 Charleson Road built and last sold?
The property at 118 Charleson Road was built in 1968 and last sold on Aug 2, 1990 for $140,000.
How much is this home worth?
The estimated value of the home located at 118 Charleson Road is $0.
What are some comparable homes to 118 Charleson Road?
There are currently no comparable homes to 118 Charleson Road.
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