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Ocean
187 Cartagena Drive
$200,000
● Land - Off Market

187 Cartagena Drive

Brick, NJ 08723
bedrooms
Studio
bathrooms
0 Bath
$338,328
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Beautiful vacant lot just waiting for you to build your dream home on it! 60x100 lot with newer vinyl bulkhead on one of the widest lagoons in Baywood. Just minutes to the bay.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$498
HOA Dues
-
Year Built
1965

Payment Calculator

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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 #21624529)

Price History

Date / Event Date Event Price
Jul 8, 2016 Sold
Premium
Sold
Jun 21, 2016 Listed by Diane Turton, Realtors-Point Pleasant Boro $200,000
Listed by Diane Turton, Realtors-Point Pleasant Boro

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • 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: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    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: 714300

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 22.2
  • Account Number: 00204335
  • District: 07
  • Parcel: 07 00211- 30-00016- 01
  • Block: 211.30
  • Lot: 16.01
  • Municipality: BRICK TWP
  • Latitude: 40.0205
  • Longitude: -74.0807

    Address

  • Full Address: 187 Cartagena Dr
  • Address - House Number: 187
  • Address - Street Name: Cartagena
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C006
  • 4-Digit Zip Code: 7007
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $676,501

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 538,696
  • High Value: 652,705
  • Low Value: 424,687

    Market Valuation

  • Market Total Value: $279,200
  • Market Land Value: $276,300
  • Market Improvement Value: $2,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,200
  • Assessed Land Value: $276,300
  • Assessed Improvements Value: $2,900

    Sales

  • Current Sale Contract Date: Jan 05, 2022
  • Current Sale Recording Date: Jan 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5656
  • Previous Sale Recording Date: Dec 03, 2021
  • Previous Sale Contract Date: Dec 01, 2021
  • Previous Sale Amount: $350,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1595 ft²

Average Home Age

35.2 years

Currently For Sale

3003 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 438 Highway 35 N, Mantoloking, NJ, 08738

$1,800 /mo

  • Studio
  • 1 Bath
  • 574 ft²
438 Highway 35 N #1102, Mantoloking, NJ, 08738 Listing by Adriana Kern
Unit for rent at 109 W Pompano Way W, Lavallette, NJ, 08735

$1,950 /mo

  • 2 Beds
  • 1 Bath
  • 560 ft²
109 W Pompano Way W, Lavallette, NJ, 08735 Listing by Robin Cittone

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Barbara Quartier, Diane Turton, Realtors-Point Pleasant Boro
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21624529
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 187 Cartagena Drive built and last sold?
The property at 187 Cartagena Drive was built in 1965 and last sold on Jan 5, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 187 Cartagena Drive is $202,000.
What are some comparable homes to 187 Cartagena Drive?
There are currently no comparable homes to 187 Cartagena Drive.
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