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Ocean 08724
1234 Concord Drive
$283,000
● House - Off Market

1234 Concord Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,682 Ft²
$455,255
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Welcome to Mayo Estates.  3 Bedroom, 2 Full bath with two car garage.  Large family room!!  Hardwood floors!! Large yard and a few houses away from Bricks Reservoir!   Newer gas heating system and central air.  Needs some updating.
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$534
HOA Dues
-
Year Built
1972

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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: 3 years ago (MOMLS #21809163)

Price History

Date / Event Date Event Price
May 31, 2018 Sold
Premium
Sold
Mar 11, 2018 Listed by Folk Agency $299,000
Listed by Folk Agency

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,040
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,682
  • Building Area: 1,682
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,682
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713202

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 72.2
  • Account Number: 00727423
  • District: 07
  • Parcel: 07 01426- 02-00003
  • Block: 1426.02
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.1193
  • Longitude: -74.1229

    Address

  • Full Address: 1234 Concord Dr
  • Address - House Number: 1234
  • Address - Street Name: Concord
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C056
  • 4-Digit Zip Code: 1042
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,370

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 519,056
  • High Value: 629,920
  • Low Value: 408,193

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $151,400
  • Market Improvement Value: $138,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,000
  • Assessed Land Value: $151,400
  • Assessed Improvements Value: $138,600

    Sales

  • Current Sale Contract Date: May 29, 2018
  • Current Sale Recording Date: Jun 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018055023
  • Previous Sale Recording Date: Aug 03, 1995
  • Previous Sale Contract Date: Jul 26, 1995
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

0.23%

Average Days on Market

74

Average Home Size

1593 ft²

Average Home Age

35.1 years

Currently For Sale

2970 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: Susan Loveland, Folk Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21809163
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 1234 Concord Drive built and last sold?
The property at 1234 Concord Drive was built in 1972 and last sold on May 29, 2018 for $283,000.
How much is this home worth?
The estimated value of the home located at 1234 Concord Drive is $0.
What are some comparable homes to 1234 Concord Drive?
There are currently no comparable homes to 1234 Concord Drive.
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