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Ocean
266 Sprucewood Drive
$370,000
● House - Off Market

266 Sprucewood Drive

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,328 Ft²
$385,854
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Birchwood's Best Buy!! Lovely home on large corner lot has many options in this desired neighborhood and won't last long.  This house is an expanded ranch with 2 full new baths, large master bedroom with walk-in closet, updated kitchen with granite and  large laundry area has everything you need.  The 4th bedroom could be bonus room.  Home also features vinyl plank flooring throughout, recessed lighting and more.  Don't miss this opportunity,  Call for your appointment now.
Unit Size
1,328 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$256
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1957

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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 #22122640)

Price History

Date / Event Date Event Price
Sep 9, 2021 Sold
Premium
Sold
Jul 12, 2021 Listed by Crossroads Realty Executive Office $339,900
Listed by Crossroads Realty Executive Office

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,275
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000328
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713402

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 41.2
  • Account Number: 00413456
  • District: 07
  • Parcel: 07 00701- 25-00010
  • Block: 701.25
  • Lot: 10
  • Municipality: BRICK TWP
  • Latitude: 40.0651
  • Longitude: -74.1571

    Address

  • Full Address: 266 Sprucewood Dr
  • Address - House Number: 266
  • Address - Street Name: Sprucewood
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C023
  • 4-Digit Zip Code: 3362
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $537,906

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 425,593
  • High Value: 517,527
  • Low Value: 333,660

    Market Valuation

  • Market Total Value: $222,000
  • Market Land Value: $125,700
  • Market Improvement Value: $96,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $222,000
  • Assessed Land Value: $125,700
  • Assessed Improvements Value: $96,300

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021133741
  • Previous Sale Recording Date: Feb 05, 2008
  • Previous Sale Contract Date: Jan 31, 2008
  • Previous Sale Amount: $220,000
  • 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

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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 104 Celebration Boulevard, Brick, NJ, 08723

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,920 ft²
104 Celebration Boulevard #104, Brick, NJ, 08723 Listing by Niraj Parikh
Unit for rent at 1456 Green Grove Road, Brick, NJ, 08724

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,786 ft²
1456 Green Grove Road, Brick, NJ, 08724 Listing by Luke Graham

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Ramona Bruno, Crossroads Realty Executive Office
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22122640
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 266 Sprucewood Drive built and last sold?
The property at 266 Sprucewood Drive was built in 1957 and last sold on Sep 8, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 266 Sprucewood Drive is $0.
What are some comparable homes to 266 Sprucewood Drive?
There are currently no comparable homes to 266 Sprucewood Drive.
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