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Ocean 08724
1249 Old Farm Road
$220,000
● Land - Off Market

1249 Old Farm Road

Brick, NJ 08724
bedrooms
Studio
bathrooms
0 Bath
$274,180
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Build your dream home on the Largest Lot in the sub-division at the end of the cul-de-sac. Last home to be built on the street. .61 acres Lot Dimensions 66x219x260x85

,
Unit Size
-
Days on Market
274 days
Land Size
0.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
$303
HOA Dues
-
Year Built
-

Payment Calculator

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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: 8 months ago (MOMLS #22210458)

Price History

Date / Event Date Event Price
Jan 10, 2023 Sold
Premium
Sold
Apr 11, 2022 Listed by Redfin Corporation $259,000
Listed by Redfin Corporation

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 26,458
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000607
  • Standard Land Use Code: 8000
  • County Land Use Code: 1

Neighborhood

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

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 72.2
  • Account Number: 00730054
  • District: 07
  • Parcel: 07 01426- 11-00009- 05
  • Block: 1426.11
  • Lot: 9.05
  • Municipality: BRICK TWP
  • Latitude: 40.1219
  • Longitude: -74.1236

    Address

  • Full Address: 1249 Old Farm Rd
  • Address - House Number: 1249
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 0900
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $371,384

    Market Valuation

  • Market Total Value: $151,400
  • Market Land Value: $151,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,400
  • Assessed Land Value: $151,400

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 83251
  • Previous Sale Recording Date: Jan 11, 2023
  • Previous Sale Contract Date: Jan 09, 2023
  • Previous Sale Amount: $220,000
  • Previous 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

$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 68 Briar Mills Drive, Brick, NJ, 08724

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,120 ft²
68 Briar Mills Drive, Brick, NJ, 08724 Listing by Scott Brandt

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Karen Vanechanos, Redfin Corporation
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 22210458
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 1249 Old Farm Road built and last sold?
The property at 1249 Old Farm Road was built in and last sold on Nov 2, 2023 for $828,150.
How much is this home worth?
The estimated value of the home located at 1249 Old Farm Road is $261,590.
What are some comparable homes to 1249 Old Farm Road?
There are currently no comparable homes to 1249 Old Farm Road.
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