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Ocean
229 Pine Tree Drive
$204,000
● House - Off Market

229 Pine Tree Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,587 Ft²
$406,311
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

3 Bedroom Bi-level with upgraded kitchen with sliders to upper deck area. Bathroom recently remodeled. Beautiful fenced in corner property with nice landscaping. Direct entry garage to lower level. This home is a short sale subject to bank approval.
Unit Size
1,587 Ft²
Days on Market
-
Land Size
-
Price per sqft
$138
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1970

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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 #21230361)

Price History

Date / Event Date Event Price
Jul 2, 2014 Sold
Premium
Sold
Aug 27, 2012 Listed by Better Homes VRI Realtors $219,000
Listed by Better Homes VRI Realtors

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,587
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

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: L103,104

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.2
  • Account Number: 00309324
  • District: 07
  • Parcel: 07 00383- 09-00102
  • Block: 383.09
  • Lot: 102
  • Municipality: BRICK TWP
  • Latitude: 40.0405
  • Longitude: -74.1471

    Address

  • Full Address: 229 Pine Tree Dr
  • Address - House Number: 229
  • Address - Street Name: Pine Tree
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C065
  • 4-Digit Zip Code: 6034
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $608,416

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 451,851
  • High Value: 544,289
  • Low Value: 359,414

    Market Valuation

  • Market Total Value: $251,100
  • Market Land Value: $130,000
  • Market Improvement Value: $121,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $251,100
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $121,100

    Sales

  • Current Sale Contract Date: Jul 02, 2014
  • Current Sale Recording Date: Jul 11, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2014059293
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:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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: Eileen M Riccardo, Better Homes VRI Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21230361
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 229 Pine Tree Drive built and last sold?
The property at 229 Pine Tree Drive was built in 1970 and last sold on Jul 2, 2014 for $204,000.
How much is this home worth?
The estimated value of the home located at 229 Pine Tree Drive is $0.
What are some comparable homes to 229 Pine Tree Drive?
There are currently no comparable homes to 229 Pine Tree Drive.
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