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Ocean 08724
131 Solar Drive
$550,000
● House - Off Market

131 Solar Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,452 Ft²
$576,967
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome to this desirable community located in Brick NJ. This lovely home features newer furnace and hot water heater plus over 2400 sq ft with 4 bedrooms, 2.5 baths. The updated kitchen is equipped with newer stainless steel appliances.  You will enjoy those cool nights with the cozy fireplace located in the nice sized family room. The private backyard has a beautiful inground pool with a newer liner, a peaceful place to enjoy your summer barbeques. This home is conveniently located near the beaches and boardwalk in Point Pleasant, along with great restaurants, stores, and major highways. Call for your private showing today!
Unit Size
2,452 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$228
Property Type
House
Property Taxes
$802
HOA Dues
-
Year Built
1995

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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 #22237496)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
Mar 7, 2023 In contract -
In contract
Dec 14, 2022 Listed by Berkshire Hathaway HomeServices Zack Shore Realtors $559,900
Listed by Berkshire Hathaway HomeServices Zack Shore Realtors

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 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: 10,500
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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 50.1
  • Account Number: 00521685
  • District: 07
  • Parcel: 07 00902- 47-00013
  • Block: 902.47
  • Lot: 13
  • Municipality: BRICK TWP
  • Latitude: 40.0617
  • Longitude: -74.098

    Address

  • Full Address: 131 Solar Dr
  • Address - House Number: 131
  • Address - Street Name: Solar
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C022
  • 4-Digit Zip Code: 3969
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $962,242

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 553,556
  • High Value: 603,464
  • Low Value: 503,647

    Market Valuation

  • Market Total Value: $394,200
  • Market Land Value: $144,400
  • Market Improvement Value: $249,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,200
  • Assessed Land Value: $144,400
  • Assessed Improvements Value: $249,800

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 23189
  • Previous Sale Recording Date: Oct 20, 2003
  • Previous Sale Contract Date: Sep 30, 2003
  • Previous Sale Amount: $389,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29.1 years

Currently For Sale

4369 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 437 Adamston Road, Brick, NJ, 08723

$4,500 /mo

  • 3 Beds
  • 2 Baths
437 Adamston Road, Brick, NJ, 08723 Listing by Dawn M White

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eileen Murphy, Berkshire Hathaway HomeServices Zack Shore Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22237496
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 131 Solar Drive built and last sold?
The property at 131 Solar Drive was built in 1995 and last sold on Mar 17, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 131 Solar Drive is $579,488.
What are some comparable homes to 131 Solar Drive?
There are currently no comparable homes to 131 Solar Drive.
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