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Ocean 08724
119 Meridian Drive
$260,000
● House - Off Market

119 Meridian Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
1 Bath
square feet
968 Ft²
$333,630
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

CHARMING AND WELL KEPT RANCH IN DESIRABLE MIDSTREAMS PARK.  CORNER PROPERTY ON .38 ACRES.  NEWER KITCHEN CABINETS AND COUNTER TOPS.  ALL WOOD FLOORS THROUGHOUT THE HOME. WITH SPACIOUS BEDROOMS.  SLIDING DOORS OFF KITCHEN LEAD YOU TO A LARGE DECK GREAT FOR ENTERTAINING.  ALL BIG TICKET ITEMS HAVE BEEN DONE FOR YOU.  ROOF IS 2 YEARS OLD, FURNACE IS 5 YEARS OLD AND THE WALL AC UNIT IS 2 YEARS OLD.  MOVE IN READY, JUST UNPACK AND ENJOY.
Unit Size
968 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$258
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1965

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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 #22027859)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Aug 11, 2020 Listed by Coldwell Banker Realty $249,500
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,562
  • Total Building Area: 968
  • Building Area: 968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 968
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • 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 50.2
  • Account Number: 00416457
  • District: 07
  • Parcel: 07 00902- 40-00048
  • Block: 902.40
  • Lot: 48
  • Municipality: BRICK TWP
  • Latitude: 40.0657
  • Longitude: -74.1011

    Address

  • Full Address: 119 Meridian Dr
  • Address - House Number: 119
  • Address - Street Name: Meridian
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C022
  • 4-Digit Zip Code: 4458
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $545,808

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 406,075
  • High Value: 496,233
  • Low Value: 315,918

    Market Valuation

  • Market Total Value: $223,600
  • Market Land Value: $164,500
  • Market Improvement Value: $59,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,600
  • Assessed Land Value: $164,500
  • Assessed Improvements Value: $59,100

    Sales

  • Current Sale Contract Date: Sep 28, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020114445
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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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

Unit for rent at 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,400 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lucia Palmese, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22027859
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 119 Meridian Drive built and last sold?
The property at 119 Meridian Drive was built in 1965 and last sold on Sep 28, 2020 for $260,000.
How much is this home worth?
The estimated value of the home located at 119 Meridian Drive is $0.
What are some comparable homes to 119 Meridian Drive?
There are currently no comparable homes to 119 Meridian Drive.
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