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Ocean 08724
1414 Forest Avenue
$407,000
● House - Off Market

1414 Forest Avenue

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$675,296
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Impeccably maintained 3Bed/3FULL Bath Center Hall Colonial on premium 100x100 wooded lot.Tropical Backyard Retreat w/Heated IG Pool &jaw dropping Tiki Bar w/sink& fridge.Spacious rooms thruout w/Formal DR,LR w/Bay Window &FR w/Cozy Fireplace.Boasts beautiful hardwood flooring &ceramic tiling.The designer Kitchen is the focal point of the home w/rich Wood Cabinetry,Granite Countertops &under cabinet lighting.3 spacious upstairs Bedrooms including Master Suite w/Private Bath &Walk-in Closets.Super clean 2car Garage is every handyman's DREAM w/built-in cabinetry &tool organizers.New Furnace, Gutters &AC.Anderson Windows &30yr roof.Wonderful Development in close proximity to the Parkway making it great for commuters.Be at the beautiful Jersey Shore Ocean Beaches in just 15 Mins.Won't last!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$182
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1985

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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 #21630809)

Price History

Date / Event Date Event Price
Sep 17, 2016 Sold
Premium
Sold
Aug 3, 2016 Listed by RE/MAX New Beginnings Realty-Toms River $400,000
Listed by RE/MAX New Beginnings Realty-Toms River

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L2-4

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44.4
  • Account Number: 00414584
  • District: 07
  • Parcel: 07 00806-0000-00001
  • Block: 806
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0889
  • Longitude: -74.145

    Address

  • Full Address: 1414 Forest Ave
  • Address - House Number: 1414
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C075
  • 4-Digit Zip Code: 4101
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $816,515

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 636,965
  • High Value: 770,640
  • Low Value: 503,290

    Market Valuation

  • Market Total Value: $334,500
  • Market Land Value: $132,500
  • Market Improvement Value: $202,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,500
  • Assessed Land Value: $132,500
  • Assessed Improvements Value: $202,000

    Sales

  • Current Sale Contract Date: Sep 14, 2016
  • Current Sale Recording Date: Sep 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016094724
  • Previous Sale Recording Date: Dec 29, 2004
  • Previous Sale Contract Date: Dec 07, 2004
  • Previous Sale Amount: $375,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

28.8 years

Currently For Sale

4270 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: Diane Maffei, RE/MAX New Beginnings Realty-Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21630809
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 1414 Forest Avenue built and last sold?
The property at 1414 Forest Avenue was built in 1985 and last sold on Sep 14, 2016 for $407,000.
How much is this home worth?
The estimated value of the home located at 1414 Forest Avenue is $0.
What are some comparable homes to 1414 Forest Avenue?
There are currently no comparable homes to 1414 Forest Avenue.
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