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Ocean 08724
123 Bruce Street
$520,000
● House - Off Market

123 Bruce Street

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$2,821
Est. Monthly
6.43%
Cap Rate

About This Property

Welcome to this beautifully renovated 3-bedroom, 1-bath home tucked away at the end of a quiet dead-end street in Brick, just off Princeton Avenue. Step inside to find a spacious living room filled with natural light, perfect for relaxing or entertaining. The home features brand-new flooring throughout, a renovated bathroom, and a modern kitchen with new countertops. With its prime location close to shops, restaurants, and only a short drive to the beach, this home offers the ideal blend of comfort, style, and convenience.
Unit Size
1,248 Ft²
Days on Market
42 days
Land Size
0.18 acres
Price per sqft
$389
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1970

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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: 13 months ago (MOMLS #22526494)

Price History

Date / Event Date Event Price
Oct 14, 2025 Sold
Premium
Sold
Sep 12, 2025 In contract -
In contract
Sep 2, 2025 Listed by Jersey Property Group Realty $485,000
Listed by Jersey Property Group Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 7,937
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713500

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 47
  • Account Number: 00417022
  • District: 07
  • Parcel: 07 00868- 10-00029
  • Block: 868.10
  • Lot: 29
  • Municipality: BRICK TWP
  • Latitude: 40.0717
  • Longitude: -74.1252

    Address

  • Full Address: 123 Bruce St
  • Address - House Number: 123
  • Address - Street Name: Bruce
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Brick
  • Carrier Code: C019
  • 4-Digit Zip Code: 3503
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $492,594

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 402,019
  • High Value: 491,276
  • Low Value: 312,762

    Market Valuation

  • Market Total Value: $201,800
  • Market Land Value: $109,300
  • Market Improvement Value: $92,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,800
  • Assessed Land Value: $109,300
  • Assessed Improvements Value: $92,500

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 03, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019124078
  • Previous Sale Recording Date: Jan 19, 2007
  • Previous Sale Contract Date: Dec 12, 2006
  • Previous Sale Amount: $285,300
  • Previous Sale Document Type: 12
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

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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 105 Solar Drive, Brick, NJ, 08724

$3,200 /mo

  • 4 Beds
  • 1 Bath
  • 1,108 ft²
105 Solar Drive, Brick, NJ, 08724 Listing by Rodney Davis
Unit for rent at 97 Metedeconk Road, Brick, NJ, 08723

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,612 ft²
97 Metedeconk Road, Brick, NJ, 08723 Listing by Marie Gentile

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Gary Mawson, Jersey Property Group Realty
Last Updated: 13 months ago
Data Source: MOMMLS, MLS# 22526494
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 123 Bruce Street built and last sold?
The property at 123 Bruce Street was built in 1970 and last sold on Nov 3, 2019 for $230,000.
How much is this home worth?
The estimated value of the home located at 123 Bruce Street is $0.
What are some comparable homes to 123 Bruce Street?
There are currently no comparable homes to 123 Bruce Street.
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