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Ocean 08724
245 Oak Forest Drive
$649,900
● House - Off Market

245 Oak Forest Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,916 Ft²
$637,520
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Beautifully updated 4 bedroom in desirable Country Woods Community in North Brick. Exquisitely remodeled gourmet kitchen features a center island, white cabinetry, stainless appliances & gorgeous granite counters. LVP flooring on 1st floor. Family room slider with built in blinds  lead to a beautiful backyard with paver patio and above ground pool. 2nd floor features  Master bedroom with vaulted ceiling & stunning master bath with custom cabinetry, double vessel sinks & walk in shower with stylish ceramic tile. Upstairs hall bath & 1st floor 1/2 bath updated with a Chic & Clean Style.  Newer Timberline roof. This is the one you have been waiting for...Move right in.
Unit Size
1,916 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$334
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1996

Payment Calculator

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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 #22325277)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Sep 9, 2023 Listed by RE/MAX First Realty $639,900
Listed by RE/MAX First Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 10,001
  • Total Building Area: 1,748
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713300

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 59
  • Account Number: 00521901
  • District: 07
  • Parcel: 07 01124- 03-00009
  • Block: 1124.03
  • Lot: 9
  • Municipality: BRICK TWP
  • Latitude: 40.0875
  • Longitude: -74.1276

    Address

  • Full Address: 245 Oak Forest Dr
  • Address - House Number: 245
  • Address - Street Name: Oak Forest
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C069
  • 4-Digit Zip Code: 0713
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $743,285

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 604,999
  • High Value: 731,189
  • Low Value: 478,808

    Market Valuation

  • Market Total Value: $304,500
  • Market Land Value: $143,700
  • Market Improvement Value: $160,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,500
  • Assessed Land Value: $143,700
  • Assessed Improvements Value: $160,800

    Sales

  • Current Sale Contract Date: Oct 24, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 81583
  • Previous Sale Recording Date: Sep 26, 1996
  • Previous Sale Contract Date: Sep 20, 1996
  • Previous Sale Amount: $158,990
  • Previous Sale Document Type: 27
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

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3036 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: Suzanne E Bavaro, RE/MAX First Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22325277
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 245 Oak Forest Drive built and last sold?
The property at 245 Oak Forest Drive was built in 1996 and last sold on Oct 24, 2023 for $649,900.
How much is this home worth?
The estimated value of the home located at 245 Oak Forest Drive is $0.
What are some comparable homes to 245 Oak Forest Drive?
There are currently no comparable homes to 245 Oak Forest Drive.
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