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Ocean
148 Cartagena Drive
$295,000
● Land - Off Market

148 Cartagena Drive

Brick, NJ 08723
bedrooms
Studio
bathrooms
0 Bath
$476,141
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Priced To SELL !!! NEW Vinyl bulkhead !!! New composite dock !!!  Protected Bayfront lot with gorgeous Bayviews.  Large cleared lot with tons of potential to create your waterfront oasis.  50' of bulkhead deep water lagoon. Minutes to open bay.BUILD YOUR OWN !! Or have this custom builder do it !!
Unit Size
-
Days on Market
300 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$759
HOA Dues
-
Year Built
2019

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 #21644591)

Price History

Date / Event Date Event Price
Sep 27, 2017 Sold
Premium
Sold
Nov 30, 2016 Listed by C21/ Action Plus Realty $299,000
Listed by C21/ Action Plus Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • 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: 8,525
  • Total Building Area: 3,540
  • Building Area: 3,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,540
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714200

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 22.2
  • Account Number: 00209539
  • District: 07
  • Parcel: 07 00211- 33-00023
  • Block: 211.33
  • Lot: 23
  • Municipality: BRICK TWP
  • Latitude: 40.0223
  • Longitude: -74.082

    Address

  • Full Address: 148 Cartagena Dr
  • Address - House Number: 148
  • Address - Street Name: Cartagena
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,065,365

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,158,641
  • High Value: 1,382,834
  • Low Value: 934,449

    Market Valuation

  • Market Total Value: $852,400
  • Market Land Value: $296,400
  • Market Improvement Value: $556,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $852,400
  • Assessed Land Value: $296,400
  • Assessed Improvements Value: $556,000

    Sales

  • Current Sale Contract Date: Sep 27, 2017
  • Current Sale Recording Date: Oct 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017107322
  • Previous Sale Recording Date: Aug 12, 2014
  • Previous Sale Contract Date: Jul 23, 2014
  • Previous Sale Amount: $225,000
  • 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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1588 ft²

Average Home Age

32.5 years

Currently For Sale

3034 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 438 Highway 35 N, Mantoloking, NJ, 08738

$1,800 /mo

  • Studio
  • 1 Bath
  • 574 ft²
438 Highway 35 N #1102, Mantoloking, NJ, 08738 Listing by Adriana Kern
Unit for rent at 109 W Pompano Way W, Lavallette, NJ, 08735

$1,950 /mo

  • 2 Beds
  • 1 Bath
  • 560 ft²
109 W Pompano Way W, Lavallette, NJ, 08735 Listing by Robin Cittone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Charles J Damian, C21/ Action Plus Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21644591
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 148 Cartagena Drive built and last sold?
The property at 148 Cartagena Drive was built in 2019 and last sold on Sep 27, 2017 for $295,000.
How much is this home worth?
The estimated value of the home located at 148 Cartagena Drive is $0.
What are some comparable homes to 148 Cartagena Drive?
There are currently no comparable homes to 148 Cartagena Drive.
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