Ocean
16 Homestead Drive
$260,000
●
House -
Off Market
16 Homestead Drive
Brick, NJ 08723
5 Beds
2 Baths
$469,077
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model
About This Property
This majestic custom colonial is prominently positioned in the
Shore Acres section of Brick Twp. This Home Boasts a fresh
coat of paint both inside and out from a professional local
painting crew. Perched Safely Outside the flood plain; 16 Homestead
still manages to maintain the coastal charm synonymous with the
Jersey Shore. This home comes equipped With a Full Kitchen and a
second Kitchenette for Mother/Daughter possibilities or your very
own prep kitchen; versatility is the hallmark of this home. With
Recently updated hardware, and a crisp new paint job, the kitchen
embraces the warmth of the natural sunlight that filters through.
This home has years of love and tradition steeped into its
foundation and awaits its next generation. Make an Appointment
today!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1950
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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 #21546203)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 3, 2021 | Sold | ||
| Sold | |||
| Nov 4, 2020 | Listed by One Real Estate Group, LLC | $319,000 | |
| Listed by One Real Estate Group, LLC | |||
| | |||
|
BEAUTIFUL HOME ON A BIG CORNER LOT. BRAND NEW FLOORING AND FRESHLY PAINTED. LARGE KITCHEN WITH LOTS OF CABINETS. 5 LARGE BEDROOMS, HUGE BACKYARD AND MUCH MORE. WON'T LAST!
| |||
| Aug 4, 2020 | Sold | ||
| Sold | |||
| Jan 22, 2020 | Listed by Shore Realty Exchange | $225,400 | |
| Listed by Shore Realty Exchange | |||
| | |||
|
PRICE REDUCED This 5 bedroom 2 bath home has mother daughter in law possibilities with a second kitchen. Spacious home for the large family. Plenty of storage in the 2 car garage. HUD Home. Sold ''AS IS'' by elec. bid only. Prop avail 6/1/20. Bids due Daily by 11:59 PM (CT) until sold. FHA Case #351-695232. Insured w Escrow Rpr. Eligible for FHA 203K. Home Needs TLC. All information is deemed to be reliable but not guaranteed. Lead-based paint may exist. Buyer is responsible for all inspections, and/or any township requirements smoke cert,CO. Repairs: Plumbing system missing components, Defective paint, Second kitchen present.
Removal may be needed. , Ceiling and wall damage, Damaged baseboard heating elements.
| |||
| Mar 4, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ocean
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Listed by: Justin Leach, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21546203
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# 21546203
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Phone: 425-283-2930
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