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Ocean
17 Farragut Drive
$410,000
● House - Off Market

17 Farragut Drive

Brick, NJ 08723
bedrooms
2 Beds
bathrooms
1 Bath
$389,284
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Welcome to waterfront living at Shore Acres, one of the most desirable waterfront communities in Brick ! This 2 bedroom, 1 bath home is located on a wider, deep water lagoon and only a minutes from the open bay.  50' of bulkhead to easily dock your boat. Relax and enjoy watching boats go by on your rear enclosed porch or get some exercise by kayaking or paddle boarding in your own backyard. Hardwood floors in living room & bedrooms. This comfortable ranch also offers an enclosed front porch as well. Shore Acres offers two private associations you could join. Shore Acres Club, offers 2 bay front beaches, a clubhouse and year long activities for all ages. Home does not have to be lifted. Don't miss this opportunity to enjoy living on the water in this sought after community.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1945

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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 #22138137)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Dec 3, 2021 Listed by Keller Williams Realty Monmouth/Ocean $359,900
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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 24.1
  • Account Number: 00205017
  • District: 07
  • Parcel: 07 00261-0000-00006
  • Block: 261
  • Lot: 6
  • Municipality: BRICK TWP
  • Latitude: 40.0193
  • Longitude: -74.1052

    Address

  • Full Address: 17 Farragut Dr
  • Address - House Number: 17
  • Address - Street Name: Farragut
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C054
  • 4-Digit Zip Code: 7508
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $702,913

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 516,234
  • High Value: 618,616
  • Low Value: 413,852

    Market Valuation

  • Market Total Value: $290,100
  • Market Land Value: $241,300
  • Market Improvement Value: $48,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,100
  • Assessed Land Value: $241,300
  • Assessed Improvements Value: $48,800

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Feb 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 22651
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

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3040 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 124 Mathis Drive, Brick, NJ, 08723

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
124 Mathis Drive, Brick, NJ, 08723 Listing by James Felitti
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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Muraski, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22138137
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 17 Farragut Drive built and last sold?
The property at 17 Farragut Drive was built in 1945 and last sold on Jan 26, 2022 for $410,000.
How much is this home worth?
The estimated value of the home located at 17 Farragut Drive is $363,499.
What are some comparable homes to 17 Farragut Drive?
There are currently no comparable homes to 17 Farragut Drive.
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