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Ocean 08724
1409 Clay Avenue
$250,000
● House - Off Market

1409 Clay Avenue

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,576 Ft²
$424,196
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Perfect Timing!  Warm and spacious living. This four bedroom ranch has large bedrooms, family room and an enormous kitchen that you could actually put a dining room set in! Hardwood floors almost everywhere. Start your search here! Close to all highways, shopping centers and beaches.  Just check it out!
Unit Size
1,576 Ft²
Days on Market
137 days
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$430
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: 2 years ago (MOMLS #21602123)

Price History

Date / Event Date Event Price
Jun 3, 2016 Sold
Premium
Sold
Jan 18, 2016 Listed by Coldwell Banker Riviera Realty $249,900
Listed by Coldwell Banker Riviera Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,576
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD GARDENS SUBDIV
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L18,19

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713401

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44.1
  • Account Number: 00414335
  • District: 07
  • Parcel: 07 00775-0000-00017
  • Block: 775
  • Lot: 17
  • Municipality: BRICK TWP
  • Latitude: 40.0835
  • Longitude: -74.145

    Address

  • Full Address: 1409 Clay Ave
  • Address - House Number: 1409
  • Address - Street Name: Clay
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C037
  • 4-Digit Zip Code: 2303
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $590,234

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 465,692
  • High Value: 565,158
  • Low Value: 366,226

    Market Valuation

  • Market Total Value: $241,800
  • Market Land Value: $130,000
  • Market Improvement Value: $111,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,800
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $111,800

    Sales

  • Current Sale Contract Date: May 24, 2016
  • Current Sale Recording Date: Jun 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016055513
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Contract Date: Jul 12, 2005
  • Previous Sale Amount: $307,000
  • Previous Sale Document Type: 12

    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

0.16%

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 104 Celebration Boulevard, Brick, NJ, 08723

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,920 ft²
104 Celebration Boulevard #104, Brick, NJ, 08723 Listing by Niraj Parikh
Unit for rent at 1456 Green Grove Road, Brick, NJ, 08724

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,786 ft²
1456 Green Grove Road, Brick, NJ, 08724 Listing by Luke Graham

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Denise Koste, Coldwell Banker Riviera Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21602123
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 1409 Clay Avenue built and last sold?
The property at 1409 Clay Avenue was built in 1970 and last sold on May 24, 2016 for $250,000.
How much is this home worth?
The estimated value of the home located at 1409 Clay Avenue is $266,788.
What are some comparable homes to 1409 Clay Avenue?
There are currently no comparable homes to 1409 Clay Avenue.
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