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Union Beach 07735
225 Lorillard Avenue
$335,000
● House - Off Market

225 Lorillard Avenue

Union Beach, NJ 07735
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
$547,703
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Now is your chance!! Move right into this updated 5 bedroom 2.5 bath Colonial in upcoming Union Beach!! Plenty of room for the growing family!  This gorgeous home boasts a huge eat-in kitchen complete with new S/S appliances and granite countertops, generous sized bedrooms all with brand new carpeting, 3 brand new bathrooms, flooring, windows, roof, landscaping, the list goes on and on! No disappointment here! Move in and be registered by the new school year! Home has a great sized property perfect for entertaining or expanding. Located near schools, shopping, beaches, and public transportation.
Unit Size
-
Days on Market
119 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
2015

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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 #21826788)

Price History

Date / Event Date Event Price
Dec 26, 2018 Sold
Premium
Sold
Jul 6, 2018 Listed by RE/MAX Imperial $359,999
Listed by RE/MAX Imperial

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,160
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 10,11

Neighborhood

  • School District Name: Union Beach Borough School District
  • Census Tract: 801800

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: TAX MAP 10
  • Account Number: 733
  • District: 50
  • Parcel: 50 00078-0000-00009
  • Block: 78
  • Lot: 9
  • Municipality: UNION BEACH BORO
  • Latitude: 40.4447
  • Longitude: -74.1757

    Address

  • Full Address: 225 Lorillard Ave
  • Address - House Number: 225
  • Address - Street Name: Lorillard
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 2913
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,066,362

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 592,342
  • High Value: 697,058
  • Low Value: 487,626

    Market Valuation

  • Market Total Value: $498,300
  • Market Land Value: $145,100
  • Market Improvement Value: $353,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $498,300
  • Assessed Land Value: $145,100
  • Assessed Improvements Value: $353,200

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Jan 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019010516
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Contract Date: Mar 12, 2018
  • Previous Sale Amount: $235,000
  • 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 Union Beach

Stats & Trends

Median Asking:

$599,999

Sale Price/ft²

$349

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1632 ft²

Average Home Age

72.7 years

Currently For Sale

35 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: Laura Piccinich, RE/MAX Imperial
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21826788
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 225 Lorillard Avenue built and last sold?
The property at 225 Lorillard Avenue was built in 2015 and last sold on Dec 28, 2018 for $335,000.
How much is this home worth?
The estimated value of the home located at 225 Lorillard Avenue is $0.
What are some comparable homes to 225 Lorillard Avenue?
There are currently no comparable homes to 225 Lorillard Avenue.
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