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Ocean 08724
141 Meridian Drive
$267,500
● House - Off Market

141 Meridian Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,600 Ft²
$443,996
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Home for family dynamics. First level living-Open floor plan living room - kitchen-dining area with sliders to decking-three bedrooms and bath.

Upper level lining Open living room-dining area -kitchen and Bedroom with sliders to decking and bath.

Garage offer two cars and unfinished loft man cave, game or storage, Storage shed. Home sits  on large private yard
Unit Size
2,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1961

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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 #21740627)

Price History

Date / Event Date Event Price
Nov 30, 2017 Sold
Premium
Sold
Oct 21, 2017 Listed by Coldwell Banker Flanagan Realty $279,900
Listed by Coldwell Banker Flanagan Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • 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: 12,375
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,240
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • 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 50.2
  • Account Number: 00416461
  • District: 07
  • Parcel: 07 00902- 40-00003
  • Block: 902.40
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0636
  • Longitude: -74.1031

    Address

  • Full Address: 141 Meridian Dr
  • Address - House Number: 141
  • Address - Street Name: Meridian
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C022
  • 4-Digit Zip Code: 4459
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $794,790

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 626,090
  • High Value: 759,815
  • Low Value: 492,366

    Market Valuation

  • Market Total Value: $325,600
  • Market Land Value: $158,000
  • Market Improvement Value: $167,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $325,600
  • Assessed Land Value: $158,000
  • Assessed Improvements Value: $167,600

    Sales

  • Current Sale Contract Date: Nov 30, 2017
  • Current Sale Recording Date: Dec 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017129376
  • Previous Sale Recording Date: Oct 30, 2017
  • Previous Sale Contract Date: Aug 09, 2017
  • Previous Sale Amount: $272,214
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4297 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: Walter Meislohn, Coldwell Banker Flanagan Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21740627
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 141 Meridian Drive built and last sold?
The property at 141 Meridian Drive was built in 1961 and last sold on Nov 30, 2017 for $267,500.
How much is this home worth?
The estimated value of the home located at 141 Meridian Drive is $0.
What are some comparable homes to 141 Meridian Drive?
There are currently no comparable homes to 141 Meridian Drive.
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