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Ocean 08724
20 Lark Lane
$335,000
● House - Off Market

20 Lark Lane

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,768 Ft²
$386,449
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

This expanded 3BR/2BA ranch sits on a large fenced property with 2 separate driveways & features an open floor plan that boasts a gorgeous living room with gleaming wood floor, recessed lighting, ceiling fan & cozy wood burning fireplace, a tremendous kitchen made for a gourmet chef with tile floor & backsplash, center island, breakfast bar, dual sinks and 2 gas stoves, a dining room with bay window, & den with tile floor.  The large master bedroom has 2 closets & built in cedar chest.  There's also a 3/4 unfinished basement with bilco doors to back yard that has a deck with gazebo, gas line for grill, storage shed & underground sprinkler system.  Solar panels are leased & provide great savings on Seller's energy bill.
Unit Size
1,768 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$184
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
1958

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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 #22042544)

Price History

Date / Event Date Event Price
May 6, 2021 Sold
Premium
Sold
Dec 7, 2020 Listed by Coldwell Banker Riviera Realty $324,900
Listed by Coldwell Banker Riviera Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • 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: 1,432
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,975
  • Total Building Area: 1,768
  • Building Area: 1,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000229
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713401

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 75.1
  • Account Number: 00729190
  • District: 07
  • Parcel: 07 01447- 03-00017
  • Block: 1447.03
  • Lot: 17
  • Municipality: BRICK TWP
  • Latitude: 40.096
  • Longitude: -74.1484

    Address

  • Full Address: 20 Lark Ln
  • Address - House Number: 20
  • Address - Street Name: Lark
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brick
  • Carrier Code: C031
  • 4-Digit Zip Code: 7016
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $676,047

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 491,536
  • High Value: 596,521
  • Low Value: 386,550

    Market Valuation

  • Market Total Value: $275,600
  • Market Land Value: $131,600
  • Market Improvement Value: $144,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,600
  • Assessed Land Value: $131,600
  • Assessed Improvements Value: $144,000

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021072841
  • Previous Sale Recording Date: May 25, 2007
  • Previous Sale Contract Date: May 10, 2007
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 12
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

1582 ft²

Average Home Age

32.4 years

Currently For Sale

3014 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 18 Arlyn Drive, Howell, NJ, 07731

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,280 ft²
18 Arlyn Drive, Howell, NJ, 07731 Listing by Danielle Petrocelli
Unit for rent at 1456 Green Grove Road, Brick, NJ, 08724

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,786 ft²
1456 Green Grove Road, Brick, NJ, 08724 Listing by Luke Graham

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janet H Levy, Coldwell Banker Riviera Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22042544
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 20 Lark Lane built and last sold?
The property at 20 Lark Lane was built in 1958 and last sold on May 4, 2021 for $335,000.
How much is this home worth?
The estimated value of the home located at 20 Lark Lane is $0.
What are some comparable homes to 20 Lark Lane?
There are currently no comparable homes to 20 Lark Lane.
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