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Ocean
18 Parkway Drive
$515,000
● House - Off Market

18 Parkway Drive

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,174 Ft²
$2,915
Est. Monthly
9.70%
Cap Rate

About This Property

This beautifully remodeled 4-bedroom ranch features an open living/dining area with hardwood floors, neutral paint, and a large picture window. The kitchen is equipped with stainless steel appliances, new cabinets, counters, and ceramic tile flooring. The spacious master suite offers a walk-in closet and private bath. The backyard is fenced, Very spacious with a new stone paver patio, storage shed,  vinyl fence and above ground pool!  Perfect for entertaining & relaxing.,  It also offers easy access to the Garden State Parkway, schools, shopping, and beaches, all with low taxes-making it a great deal! Just move in and unpack!
Unit Size
1,174 Ft²
Days on Market
62 days
Land Size
0.23 acres
Price per sqft
$426
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
1957

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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: 2 years ago (MOMLS #22505230)

Price History

Date / Event Date Event Price
Jun 9, 2025 Sold
Premium
Sold
Apr 30, 2025 In contract -
In contract
Apr 23, 2025 Price Decreased $500,000
↓ $25K (4.8%)
Price Decreased
Apr 8, 2025 Relisted $525,000
Relisted
Mar 13, 2025 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,174
  • Building Area: 1,174
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,174
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713402

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 41.3
  • Account Number: 00413613
  • District: 07
  • Parcel: 07 00701- 34-00004
  • Block: 701.34
  • Lot: 4
  • Municipality: BRICK TWP
  • Latitude: 40.0683
  • Longitude: -74.1578

    Address

  • Full Address: 18 Parkway Dr
  • Address - House Number: 18
  • Address - Street Name: Parkway
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C023
  • 4-Digit Zip Code: 3340
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $517,068

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 415,804
  • High Value: 505,623
  • Low Value: 325,985

    Market Valuation

  • Market Total Value: $213,400
  • Market Land Value: $122,100
  • Market Improvement Value: $91,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,400
  • Assessed Land Value: $122,100
  • Assessed Improvements Value: $91,300

    Sales

  • Current Sale Contract Date: Apr 20, 2018
  • Current Sale Recording Date: May 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018042685
  • Previous Sale Recording Date: Mar 21, 2011
  • Previous Sale Contract Date: Jan 25, 2011
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

1592 ft²

Average Home Age

24.2 years

Currently For Sale

4244 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

Rentals Near You

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MOMMLS

Listed by: Josephine Wilson, Keller Williams Realty Monmouth/Ocean
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22505230
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 18 Parkway Drive built and last sold?
The property at 18 Parkway Drive was built in 1957 and last sold on Apr 20, 2018 for $264,000.
How much is this home worth?
The estimated value of the home located at 18 Parkway Drive is $0.
What are some comparable homes to 18 Parkway Drive?
There are currently no comparable homes to 18 Parkway Drive.
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