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Ocean 08724
28 Park Place
$590,000
● House - Off Market

28 Park Place

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
$501,784
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

28 Park Place is a meticulously maintained colonial home located in a quiet neighborhood on a corner lot (100' x 150'), adjacent to a scarcely traveled dead end street.  Mature landscaping and an in-ground pool provide for an idyllic backyard experience.  Magnificent space for a family, this home has hardwood floors, 4 bedrooms, 2 full baths, and a full basement. Inside and outside, this charming home offers wonderful living space!  Located close to beaches and amenity rich shopping.  Pictures of the pool open were taking over the summer.  House is being sold ''as is'' condition.  Sellers have request highest and best by Friday 3/11 at 3.  No more showings.  offer accepted
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1960

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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 #22206380)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Mar 7, 2022 Listed by Hollston Realty Group, LLC $495,000
Listed by Hollston Realty Group, LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 1,026
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,058
  • Building Area: 2,058
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 2,058
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L2-4,9,10

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44.3
  • Account Number: 00520595
  • District: 07
  • Parcel: 07 01181-0000-00001
  • Block: 1181
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0844
  • Longitude: -74.1341

    Address

  • Full Address: 28 Park Pl
  • Address - House Number: 28
  • Address - Street Name: Park
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C079
  • 4-Digit Zip Code: 8101
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $745,726

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 613,151
  • High Value: 731,793
  • Low Value: 494,509

    Market Valuation

  • Market Total Value: $305,500
  • Market Land Value: $135,500
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,500
  • Assessed Land Value: $135,500
  • Assessed Improvements Value: $170,000

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 55128
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

1604 ft²

Average Home Age

29.5 years

Currently For Sale

4563 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: Kristine Monticello, Hollston Realty Group, LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22206380
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 28 Park Place built and last sold?
The property at 28 Park Place was built in 1960 and last sold on Apr 29, 2022 for $590,000.
How much is this home worth?
The estimated value of the home located at 28 Park Place is $499,950.
What are some comparable homes to 28 Park Place?
There are currently no comparable homes to 28 Park Place.
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