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Ocean 08724
246 Warren Street
$385,000
● House - Off Market

246 Warren Street

Brick, NJ 08724
bedrooms
2 Beds
bathrooms
1 Bath
$372,899
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

The sweet scent of honeysuckle is like a balm for the soul  around this charming old world cape style home ready to be your full time residence or your vacation home at the shore. Just rejuvinate a few details but  keep the nostalgia of the front porch with its jalousie windows and shiplap ceiling for those relaxing summer evenings. Or if staying on for the winter there is a gas fireplace for cozy evenings. Located on almost a half an acre just down the street from a marina, just off Princeton Ave, and literally over the fence from Windward Beach Park, where you will find a fantastic Farmer's Market every Saturday and Brick Summerfest Concert series.  No need to drive anywhere because it's just around the corner.   This is an estate sale and being sold strictly AS IS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1926

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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: 3 years ago (MOMLS #22316493)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
Jun 16, 2023 Listed by Open Door Real Estate Agency LLC $375,000
Listed by Open Door Real Estate Agency LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 4
  • Building Style: 4
  • Exterior Walls Type: 7
  • 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: 850
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,167
  • Total Building Area: 1,162
  • Building Area: 1,162
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,162
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000394
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713500

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 49.1
  • Account Number: 00415785
  • District: 07
  • Parcel: 07 00876-0000-00003
  • Block: 876
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0594
  • Longitude: -74.1115

    Address

  • Full Address: 246 Warren St
  • Address - House Number: 246
  • Address - Street Name: Warren
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Brick
  • Carrier Code: C070
  • 4-Digit Zip Code: 4376
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $674,937

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 467,866
  • High Value: 570,037
  • Low Value: 365,695

    Market Valuation

  • Market Total Value: $276,500
  • Market Land Value: $176,200
  • Market Improvement Value: $100,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,500
  • Assessed Land Value: $176,200
  • Assessed Improvements Value: $100,300

    Sales

  • Current Sale Contract Date: Aug 10, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 62452
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

32.4 years

Currently For Sale

3030 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 375 Arrowhead Drive, Brick, NJ, 08724

$2,800 /mo

  • 3 Beds
  • 2 Baths
375 Arrowhead Drive, Brick, NJ, 08724 Listing by Gina Koenig

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jon Day, Open Door Real Estate Agency LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22316493
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 246 Warren Street built and last sold?
The property at 246 Warren Street was built in 1926 and last sold on Aug 10, 2023 for $385,000.
How much is this home worth?
The estimated value of the home located at 246 Warren Street is $378,750.
What are some comparable homes to 246 Warren Street?
There are currently no comparable homes to 246 Warren Street.
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