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Ocean 08724
257 Oak Forest Drive
$390,000
● House - Off Market

257 Oak Forest Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,268 Ft²
$722,326
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model
Unit Size
2,268 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998

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: 3 years ago (MOMLS #21602838)

Price History

Date / Event Date Event Price
Mar 11, 2016 Sold
Premium
Sold
Jan 25, 2016 Listed by Berkshire Hathaway HomeServices Signature Properties $415,000
Listed by Berkshire Hathaway HomeServices Signature Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,132
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,268
  • 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 59.5
  • Account Number: 00521993
  • District: 07
  • Parcel: 07 01124- 03-00015
  • Block: 1124.03
  • Lot: 15
  • Municipality: BRICK TWP
  • Latitude: 40.0862
  • Longitude: -74.1267

    Address

  • Full Address: 257 Oak Forest Dr
  • Address - House Number: 257
  • 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: $1,016,189

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 730,026
  • High Value: 883,231
  • Low Value: 576,821

    Market Valuation

  • Market Total Value: $416,300
  • Market Land Value: $143,700
  • Market Improvement Value: $272,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $416,300
  • Assessed Land Value: $143,700
  • Assessed Improvements Value: $272,600

    Sales

  • Current Sale Contract Date: Mar 09, 2016
  • Current Sale Recording Date: Jun 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016056039
  • Previous Sale Recording Date: Feb 16, 2000
  • Previous Sale Contract Date: Jan 18, 2000
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4650 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

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Davidson, Berkshire Hathaway HomeServices Signature Properties
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21602838
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 257 Oak Forest Drive built and last sold?
The property at 257 Oak Forest Drive was built in 1998 and last sold on Mar 9, 2016 for $390,000.
How much is this home worth?
The estimated value of the home located at 257 Oak Forest Drive is $435,634.
What are some comparable homes to 257 Oak Forest Drive?
There are currently no comparable homes to 257 Oak Forest Drive.
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