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Ocean 08724
2241 Lanes Mill Road
$365,000
● House - Off Market

2241 Lanes Mill Road

Brick, NJ 08724
bedrooms
5 Beds
bathrooms
3 Baths
$512,331
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Must step inside this one to believe it! Wonderful expanded ranch in the desirable Herbertsville section of Brick. 5 large bedrooms and 3 FULL bathrooms, all sitting on a half acre lot. This home has all the updates and space you need. Living room refinished with recessed lighting and wood tiled accent wall. Great sized kitchen with stainless steel appliances. Master bedroom on first floor with attached full bath. Additional full baths on each floor. Convenient WALK IN attic for easy storage. Sliding doors to back deck overlooking your HUGE backyard, perfect for entertaining. Nothing to do but move in. Location, size, condition, all at the price you want! Don't wait on this one!
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1973

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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 #22010556)

Price History

Date / Event Date Event Price
Sep 14, 2020 Sold
Premium
Sold
Mar 17, 2020 Listed by Realty One Group Emerge $379,000
Listed by Realty One Group Emerge

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 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: 20,338
  • Total Building Area: 2,362
  • Building Area: 2,362
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,362
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000467
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713203

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 68
  • Account Number: 00725341
  • District: 07
  • Parcel: 07 01386- 01-00001
  • Block: 1386.01
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.1103
  • Longitude: -74.1147

    Address

  • Full Address: 2241 Lanes Mill Rd
  • Address - House Number: 2241
  • Address - Street Name: Lanes Mill
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 1002
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,351

    Appraisal Valuation

  • Standard Deviation: 0.1952
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 546,343
  • High Value: 653,028
  • Low Value: 439,659

    Market Valuation

  • Market Total Value: $290,400
  • Market Land Value: $112,400
  • Market Improvement Value: $178,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,400
  • Assessed Land Value: $112,400
  • Assessed Improvements Value: $178,000

    Sales

  • Current Sale Contract Date: Aug 06, 2020
  • Current Sale Recording Date: Sep 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020104077
  • Previous Sale Recording Date: Jan 11, 2008
  • Previous Sale Contract Date: Jan 03, 2008
  • Previous Sale Amount: $345,000
  • 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

$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: Abbey Lanz, Realty One Group Emerge
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22010556
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 2241 Lanes Mill Road built and last sold?
The property at 2241 Lanes Mill Road was built in 1973 and last sold on Aug 6, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 2241 Lanes Mill Road is $0.
What are some comparable homes to 2241 Lanes Mill Road?
There are currently no comparable homes to 2241 Lanes Mill Road.
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