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Ocean
300 Spruce Drive
$375,000
● House - Off Market

300 Spruce Drive

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,462 Ft²
$613,863
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Pristine & True Mother Daughter in sought after Lake Riviera. Ideal for multi-generational living, in law suite or nanny's quarters.  This impeccable home has separate entrances making it perfect for the blended or extended family. The expanded bi-level has an impressive kitchen with all upgraded cabinets & stainless steel appliances. Main residence features three spacious bedrooms on 2nd level. All hardwood floors under carpet in bedrooms. Tasteful & upgraded bathrooms.  The lower level features a second large kitchen with a dining/living area and bedroom with private entrance.  Can also add additional bedroom within that space to make it 2 bedrooms. Outside you'll enjoy the large deck and manicured grounds as well as fenced pet friendly yard. Lower suite has stamped concrete porch.
Unit Size
2,462 Ft²
Days on Market
-
Land Size
-
Price per sqft
$157
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1968

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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 #21736221)

Price History

Date / Event Date Event Price
Dec 18, 2017 Sold
Premium
Sold
Sep 15, 2017 Listed by RE/MAX Real Estate LTD. $387,500
Listed by RE/MAX Real Estate LTD.

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,462
  • Building Area: 2,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,462
  • 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: L25,26

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.3
  • Account Number: 00309818
  • District: 07
  • Parcel: 07 00383- 29-00024
  • Block: 383.29
  • Lot: 24
  • Municipality: BRICK TWP
  • Latitude: 40.0411
  • Longitude: -74.1538

    Address

  • Full Address: 300 Spruce Dr
  • Address - House Number: 300
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C067
  • 4-Digit Zip Code: 5946
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $744,830

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 543,656
  • High Value: 661,093
  • Low Value: 426,220

    Market Valuation

  • Market Total Value: $307,400
  • Market Land Value: $129,700
  • Market Improvement Value: $177,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,400
  • Assessed Land Value: $129,700
  • Assessed Improvements Value: $177,700

    Sales

  • Current Sale Contract Date: Mar 28, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 39277
  • Previous Sale Recording Date: Jan 10, 2018
  • Previous Sale Contract Date: Dec 18, 2017
  • Previous Sale Amount: $375,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Bruce Glorsky, RE/MAX Real Estate LTD.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21736221
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 300 Spruce Drive built and last sold?
The property at 300 Spruce Drive was built in 1968 and last sold on Mar 28, 2022 for $425,000.
How much is this home worth?
The estimated value of the home located at 300 Spruce Drive is $0.
What are some comparable homes to 300 Spruce Drive?
There are currently no comparable homes to 300 Spruce Drive.
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