Ocean
16 Adair Drive
$372,000
●
House -
Off Market
16 Adair Drive
Brick, NJ 08723
2 Beds
1 Bath
1,088 Ft²
$299,082
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
This is a coming soon listing and cannot be shown until June 9,
2023. Don't miss out on an opportunity to live in the
desirable waterfront community of Shore Acres. Well kept 2
bedroom, 1 bath home on an oversized lot with a detached, huge, one
car garage. The potential is endless with lots of room to
expand or live in it as-is. Large eat in kitchen openly flows
to the living room. Enclosed front porch gives you additional
living space. Backyard has a nice sized deck and has plenty of room
for outside entertaining. Optional Shore Acres Club membership
includes access to the two bay beaches in walking distance and tons
of organized activity's at the Clubhouse for both adults and
children. Quick ride to restaurants and shopping and even the
beach.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$276
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1935
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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 #22314987)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2023 | Sold | ||
| Sold | |||
| Jun 3, 2023 | Listed by RE/MAX Bay Point Realtors | $299,900 | |
| Listed by RE/MAX Bay Point Realtors | |||
| May 19, 2021 | No longer available | - | |
| No longer available | |||
| May 9, 2021 | Listed | $269,000 | |
| Listed | |||
| | |||
|
This is a coming soon listing and cannot be shown until 5/14/2021. Don't miss out on an opportunity to live in the desirable waterfront community of Shore Acres. Well kept 2 bedroom, 1 bath home on an oversized lot with a detached, huge, one car garage. The potential is endless with lots of room to expand or live in it as-is. Large eat in kitchen openly flows to the living room. Enclosed front porch gives you additional living space. Backyard has a nice sized deck and has plenty of room for outside entertaining. Optional Shore Acres Club membership includes access to the two bay beaches in walking distance and tons of orgainized activity's at the Clubhouse or both adults and children. Quick ride to restaurants and shopping and even the beach.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Currently no similar homes aroundNearby Rentals
Listed by: Ronald J Stoner, RE/MAX Bay Point Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22314987
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.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22314987
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017