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Ocean
171 Cherry Quay Road
$400,000
● House - Off Market

171 Cherry Quay Road

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,704 Ft²
$424,249
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

\WHAT YOU'VE BEEN LOOKING FOR IN BEAUTIFUL CHERRY QUAY WATERFRONT COMMUNITY!...3/1 ranch w/garage 1701 sq ft on oversize lot. This home is geared for family with extra large family room and great window views of this expanded rear yard with lots of room for activities and of course the inviting pool. Home is in need of updating and please note 2 key improvements... new roof and renovated pool with new liner.i..This well kept pool has pool company service....Hurry! FHA VA Conventional OK
Unit Size
1,704 Ft²
Days on Market
58 days
Land Size
0.26 acres
Price per sqft
$235
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 9 months ago (MOMLS #22234092)

Price History

Date / Event Date Event Price
Dec 30, 2022 Sold
Premium
Sold
Nov 1, 2022 Listed by C21/ Solid Gold Realty $399,900
Listed by C21/ Solid Gold Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 3
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 27.1
  • Account Number: 00206775
  • District: 07
  • Parcel: 07 00335-0000-00011
  • Block: 335
  • Lot: 11
  • Municipality: BRICK TWP
  • Latitude: 40.0292
  • Longitude: -74.1252

    Address

  • Full Address: 171 Cherry Quay Rd
  • Address - House Number: 171
  • Address - Street Name: Cherry Quay
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C083
  • 4-Digit Zip Code: 6303
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $677,956

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 506,051
  • High Value: 615,364
  • Low Value: 396,738

    Market Valuation

  • Market Total Value: $279,800
  • Market Land Value: $142,600
  • Market Improvement Value: $137,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,800
  • Assessed Land Value: $142,600
  • Assessed Improvements Value: $137,200

    Sales

  • Current Sale Contract Date: Dec 12, 2022
  • Current Sale Recording Date: Jan 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 3757
  • Previous Sale Recording Date: Sep 01, 1998
  • Previous Sale Contract Date: Aug 19, 1998
  • Previous Sale Amount: $115,000
  • 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:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki
Unit for rent at 382 Dogwood Drive, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,014 ft²
382 Dogwood Drive, Brick, NJ, 08723 Listing by Patricia Ronca

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: William Leck, C21/ Solid Gold Realty
Last Updated: 9 months ago
Data Source: MOMMLS, MLS# 22234092
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 171 Cherry Quay Road built and last sold?
The property at 171 Cherry Quay Road was built in 1966 and last sold on Dec 12, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 171 Cherry Quay Road is $0.
What are some comparable homes to 171 Cherry Quay Road?
There are currently no comparable homes to 171 Cherry Quay Road.
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