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Ocean 08724
281 Lehigh Street
$600,000
● House - Off Market

281 Lehigh Street

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,932 Ft²
$571,413
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

This beautiful home has been meticulously maintained and updated.  You will love the 3 generous sized bedrooms upstairs with ensuite primary.  Downstairs the kitchen, dining room and family room all provide views of the amazing backyard with in-ground pool.  

This wonderful family home is in a lovely neighborhood that is is convenient to shopping, dining and the beach.
Unit Size
1,932 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$298
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1982

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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 #22319821)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jul 20, 2023 Listed by EXP Realty $575,000
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 3
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,932
  • Building Area: 1,932
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,932
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L2,3

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 60.2
  • Account Number: 00520236
  • District: 07
  • Parcel: 07 01140- 03-00001
  • Block: 1140.03
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0791
  • Longitude: -74.1206

    Address

  • Full Address: 281 Lehigh St
  • Address - House Number: 281
  • Address - Street Name: Lehigh
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Brick
  • Carrier Code: C050
  • 4-Digit Zip Code: 3416
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $695,441

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 597,035
  • High Value: 722,330
  • Low Value: 471,740

    Market Valuation

  • Market Total Value: $284,900
  • Market Land Value: $130,000
  • Market Improvement Value: $154,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $284,900
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $154,900

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 68909
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

1581 ft²

Average Home Age

32.6 years

Currently For Sale

3073 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 222 17th Avenue, Brick, NJ, 08724

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,252 ft²
222 17th Avenue, Brick, NJ, 08724 Listing by Lorraine Stagliano
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Randy Browning, EXP Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22319821
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 281 Lehigh Street built and last sold?
The property at 281 Lehigh Street was built in 1982 and last sold on Sep 6, 2023 for $600,000.
How much is this home worth?
The estimated value of the home located at 281 Lehigh Street is $583,620.
What are some comparable homes to 281 Lehigh Street?
There are currently no comparable homes to 281 Lehigh Street.
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