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Ocean
285 Timberline Place
$485,000
● House - Off Market

285 Timberline Place

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,872 Ft²
$2,766
Est. Monthly
7.32%
Cap Rate

About This Property

Great Opportunity to live in prestigious Lake Riviera. This 3 bed, 1.5 bath home boasts beautiful hardwood flooring upstairs. Home also offers newer roof, windows, and siding. Situated on a huge 84x122 lot, covered patio & ample space for outdoor entertaining, activities & theres plenty of space for a pool. Although the house requires updating, its prestigious location in the highly sought-after Lake Riviera neighborhood offers immense potential for creating a dream home. Don't miss this opportunity to transform this property into your very own personalized oasis.
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$240
Property Type
House
Property Taxes
$556
HOA Dues
-
Year Built
1978

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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 #22404298)

Price History

Date / Event Date Event Price
Apr 2, 2024 Sold
Premium
Sold
Feb 16, 2024 Listed by Weichert Realtors-Freehold $450,000
Listed by Weichert Realtors-Freehold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,558
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000288
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.4
  • Account Number: 00309972
  • District: 07
  • Parcel: 07 00383- 35-00024
  • Block: 383.35
  • Lot: 24
  • Municipality: BRICK TWP
  • Latitude: 40.0406
  • Longitude: -74.1574

    Address

  • Full Address: 285 Timberline Pl
  • Address - House Number: 285
  • Address - Street Name: Timberline
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C067
  • 4-Digit Zip Code: 5936
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $642,052

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 451,862
  • High Value: 492,601
  • Low Value: 411,122

    Market Valuation

  • Market Total Value: $275,300
  • Market Land Value: $131,700
  • Market Improvement Value: $143,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,300
  • Assessed Land Value: $131,700
  • Assessed Improvements Value: $143,600

    Exemptions

  • Veteran Exemption: Yes
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

3056 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 305 Spirit Way, Brick, NJ, 08723

$3,600 /mo

  • 3 Beds
  • 3 Baths
305 Spirit Way, Brick, NJ, 08723 Listing by Lisa M Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Eva Ling, Weichert Realtors-Freehold
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22404298
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 Timberline Place built and last sold?
The property at 285 Timberline Place was built in 1978 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 285 Timberline Place is $462,404.
What are some comparable homes to 285 Timberline Place?
There are currently no comparable homes to 285 Timberline Place.
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