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Ocean
15 Adair Drive
$195,000
● House - Off Market

15 Adair Drive

Brick, NJ 08723
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$273,403
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Charming, move in ready, updated and raised home in Shore Acres.  Dream home  with two bedroom and one bath nestled in a great neighborhood.  Move in and unpack furniture included! Check out the virtual tour. Shore Acres membership optional with new club house, two bay beaches, water access, boat slips for rent, and kids club. Close to Angela Hibbard Park featuring basketball, tennis, playground and dog park !
Unit Size
768 Ft²
Days on Market
-
Land Size
-
Price per sqft
$254
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1950

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: 3 years ago (MOMLS #22000454)

Price History

Date / Event Date Event Price
Jun 26, 2020 Sold
Premium
Sold
Jan 3, 2020 Listed by Real Estate, LTD $195,000
Listed by Real Estate, LTD

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • 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: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000000092
  • Standard Land Use Code: 9000
  • County Land Use Code: 15F
  • Legal Description 1: ADDITIONAL LOTS: L13/FACILITY NAME: DISABLED VETERAN

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 24.2
  • Account Number: 00205276
  • District: 07
  • Parcel: 07 00279-0000-00012
  • Block: 279
  • Lot: 12
  • Municipality: BRICK TWP
  • Latitude: 40.0244
  • Longitude: -74.1033

    Address

  • Full Address: 15 Adair Dr
  • Address - House Number: 15
  • Address - Street Name: Adair
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C054
  • 4-Digit Zip Code: 7401
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $180,900
  • Market Land Value: $123,000
  • Market Improvement Value: $57,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,900
  • Assessed Land Value: $123,000
  • Assessed Improvements Value: $57,900

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2020
  • Current Sale Recording Date: Jul 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020070977
  • Previous Sale Recording Date: Dec 03, 2010
  • Previous Sale Contract Date: Nov 12, 2010
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 12
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

1597 ft²

Average Home Age

29 years

Currently For Sale

4344 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 4 Cedar Crest Drive, Toms River, NJ, 08753

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 836 ft²
4 Cedar Crest Drive, Toms River, NJ, 08753 Listing by Melanie Weinberg
Unit for rent at 328 Maria Drive, Toms River, NJ, 08753

$2,500 /mo

  • 3 Beds
  • 1 Bath
328 Maria Drive, Toms River, NJ, 08753 Listing by Marie Caponetto

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Donna Rothman, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22000454
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 15 Adair Drive built and last sold?
The property at 15 Adair Drive was built in 1950 and last sold on Jun 24, 2020 for $195,000.
How much is this home worth?
The estimated value of the home located at 15 Adair Drive is $0.
What are some comparable homes to 15 Adair Drive?
There are currently no comparable homes to 15 Adair Drive.
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