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Ocean 08724
1416 Park Avenue
$402,000
● House - Off Market

1416 Park Avenue

Brick, NJ 08724
bedrooms
2 Beds
bathrooms
2 Baths
$415,960
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

WOW! Talk about curb appeal! Completely remodeled two bedroom, two bath ranch in Brick Township. The kitchen boasts a JennAire double convection oven and a 5-burner stove top. The main bath is updated with a luxurious shower with two heads and four handheld sprayers, and a beautiful double vanity. In the partially finished basement, you will find an office and the laundry room. Outside is a meticulously maintained lawn with a sprinkler system, stamped concrete sidewalks and patio, and a 6-person Alps Spa on the deck. The driveway is stamped concrete, and the heated 2-car garage features 11-foot ceilings, an extra subpanel, fans and shelving. Additional amenities include high hat lighting, ceiling fans, Kardean flooring and solar panels. Come see for yourself and make it your own!
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1954

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: 2 years ago (MOMLS #22115660)

Price History

Date / Event Date Event Price
Jul 29, 2021 Sold
Premium
Sold
May 19, 2021 Listed by ERA Central Realty Group $359,900
Listed by ERA Central Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 520
  • 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: 1,658
  • Building Area: 1,658
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,658
  • 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: L14-16

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44.1
  • Account Number: 00414308
  • District: 07
  • Parcel: 07 00772-0000-00013
  • Block: 772
  • Lot: 13
  • Municipality: BRICK TWP
  • Latitude: 40.0836
  • Longitude: -74.1464

    Address

  • Full Address: 1416 Park Ave
  • Address - House Number: 1416
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C037
  • 4-Digit Zip Code: 2316
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $646,377

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 500,699
  • High Value: 607,642
  • Low Value: 393,757

    Market Valuation

  • Market Total Value: $264,800
  • Market Land Value: $132,500
  • Market Improvement Value: $132,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,800
  • Assessed Land Value: $132,500
  • Assessed Improvements Value: $132,300

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021115759
  • Previous Sale Recording Date: Nov 29, 1995
  • Previous Sale Contract Date: Nov 28, 1995
  • Previous Sale Amount: $100,000
  • 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

1583 ft²

Average Home Age

32.5 years

Currently For Sale

3087 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: Nancy J Mullens, ERA Central Realty Group
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22115660
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 1416 Park Avenue built and last sold?
The property at 1416 Park Avenue was built in 1954 and last sold on Jul 26, 2021 for $402,000.
How much is this home worth?
The estimated value of the home located at 1416 Park Avenue is $0.
What are some comparable homes to 1416 Park Avenue?
There are currently no comparable homes to 1416 Park Avenue.
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