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Ocean 08724
2164 Lanes Mill Road
$270,000
● House - Off Market

2164 Lanes Mill Road

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,692 Ft²
$363,606
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Incredible Herbertsville Cape with 4 bedrooms in a highly desirable neighborhood. Home has 2 first floor bedrooms and full bath.  Second floor with 2 large bedrooms and separate room w/plumbing to potentially add 1/2 bathroom.  Eat-in kitchen w/sliders to backyard for your enjoyment.  Separate laundry room with large Bosch washer/dryer.  Living room with newer windows let in plenty of natural light. Converted garage can serve as a spacious family room or convert back.  Appliances 5 yrs. old.  With some TLC this home can be truly special.  Painting in progress. Centrally located for work and play.  Minutes to Garden State Parkway and to Saw Mill Bike Trail, baseball fields w/batting cages, great schools & transportation.
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$177
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1981

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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: 2 years ago (MOMLS #22031331)

Price History

Date / Event Date Event Price
Apr 12, 2021 Sold
Premium
Sold
Nov 1, 2020 Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank $299,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Red Bank

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,692
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L5,6

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713202

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69.1
  • Account Number: 00726547
  • District: 07
  • Parcel: 07 01404- 03-00004
  • Block: 1404.03
  • Lot: 4
  • Municipality: BRICK TWP
  • Latitude: 40.1086
  • Longitude: -74.1208

    Address

  • Full Address: 2164 Lanes Mill Rd
  • Address - House Number: 2164
  • Address - Street Name: Lanes Mill
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 1240
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $578,662

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 440,688
  • High Value: 538,531
  • Low Value: 342,846

    Market Valuation

  • Market Total Value: $235,900
  • Market Land Value: $114,300
  • Market Improvement Value: $121,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,900
  • Assessed Land Value: $114,300
  • Assessed Improvements Value: $121,600

    Sales

  • Current Sale Contract Date: Apr 09, 2021
  • Current Sale Recording Date: Apr 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021060953
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

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1588 ft²

Average Home Age

35.2 years

Currently For Sale

3041 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 504 4th Avenue, Brick, NJ, 08724

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,414 ft²
504 4th Avenue, Brick, NJ, 08724 Listing by Patricia A Clark

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Theresa Capuano, Berkshire Hathaway HomeServices Fox & Roach - Red Bank
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22031331
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 2164 Lanes Mill Road built and last sold?
The property at 2164 Lanes Mill Road was built in 1981 and last sold on Apr 9, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 2164 Lanes Mill Road is $315,799.
What are some comparable homes to 2164 Lanes Mill Road?
There are currently no comparable homes to 2164 Lanes Mill Road.
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