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Ocean
285 Georgia Drive
$430,000
● House - Off Market

285 Georgia Drive

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,006 Ft²
$432,405
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Lake Riviera section of Brick. Well maintained by original owner. 4 Bed, 1.5 bath, Bi-level with attached 1 car garage. Large family room with wood burning stove and sliders leading to backyard patio. Low maintenance exterior.
Unit Size
2,006 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$212
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22300990)

Price History

Date / Event Date Event Price
Apr 6, 2023 Sold
Premium
Sold
Jan 12, 2023 Listed by Crossroads Realty Executive Office $425,000
Listed by Crossroads Realty Executive Office

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,006
  • Building Area: 2,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,006
  • 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
  • Legal Description 1: ADDITIONAL LOTS: L26-28

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.2
  • Account Number: 00309210
  • District: 07
  • Parcel: 07 00383- 05-00025
  • Block: 383.05
  • Lot: 25
  • Municipality: BRICK TWP
  • Latitude: 40.0395
  • Longitude: -74.1463

    Address

  • Full Address: 285 Georgia Dr
  • Address - House Number: 285
  • Address - Street Name: Georgia
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C065
  • 4-Digit Zip Code: 6571
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $656,876

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 485,427
  • High Value: 590,285
  • Low Value: 380,569

    Market Valuation

  • Market Total Value: $271,100
  • Market Land Value: $132,500
  • Market Improvement Value: $138,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $271,100
  • Assessed Land Value: $132,500
  • Assessed Improvements Value: $138,600

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: Apr 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29054
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

32.5 years

Currently For Sale

3052 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Lombardi-Bergstrom, Crossroads Realty Executive Office
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22300990
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 285 Georgia Drive built and last sold?
The property at 285 Georgia Drive was built in 1975 and last sold on Apr 6, 2023 for $430,000.
How much is this home worth?
The estimated value of the home located at 285 Georgia Drive is $443,169.
What are some comparable homes to 285 Georgia Drive?
There are currently no comparable homes to 285 Georgia Drive.
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