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Ocean 08724
305 Iroquois Drive
$255,000
● House - Off Market

305 Iroquois Drive

Brick, NJ 08724
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$383,484
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

This adorable two bedroom Cedarcroft ranch welcomes you from the moment you step in the front door! Cheerful year-round sunroom with pine plank floor opens to the dining room & kitchen with granite countertops. Large living room features hardwood floors & leads out to the fenced-in rear yard with Trex deck. Both the full bath & the half bath have been recently updated along with a laundry room. This meticulously maintained home with central air & newer roof/windows  is located on a large corner lot with a storage shed, perennial gardens galore and a detached one car garage. Cedarcroft offers the option to join the association with private riverfront beach, boat slips & an active clubhouse, plus Windward park is just around the corner. Immaculate home! Move right in!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1950

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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 #21809175)

Price History

Date / Event Date Event Price
Apr 30, 2018 Sold
Premium
Sold
Mar 12, 2018 Listed by Crossroads Realty Inc-Brick $249,900
Listed by Crossroads Realty Inc-Brick

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,700
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 982
  • Building Area: 982
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 982
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L18

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713700

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 49.3
  • Account Number: 00415878
  • District: 07
  • Parcel: 07 00881-0000-00017
  • Block: 881
  • Lot: 17
  • Municipality: BRICK TWP
  • Latitude: 40.0577
  • Longitude: -74.1066

    Address

  • Full Address: 305 Iroquois Dr
  • Address - House Number: 305
  • Address - Street Name: Iroquois
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C071
  • 4-Digit Zip Code: 4410
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $485,759

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 390,850
  • High Value: 477,627
  • Low Value: 304,073

    Market Valuation

  • Market Total Value: $199,000
  • Market Land Value: $122,900
  • Market Improvement Value: $76,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,000
  • Assessed Land Value: $122,900
  • Assessed Improvements Value: $76,100

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 140340
  • Previous Sale Recording Date: May 10, 2018
  • Previous Sale Contract Date: Apr 26, 2018
  • Previous Sale Amount: $255,000
  • 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

0.23%

Average Days on Market

74

Average Home Size

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3002 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 51 Brandywine Court, Brick, NJ, 08724

$2,300 /mo

  • 2 Beds
  • 1 Bath
51 Brandywine Court #284, Brick, NJ, 08724 Listing by Francine Simonsen

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kathleen C Ryan, Crossroads Realty Inc-Brick
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21809175
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 305 Iroquois Drive built and last sold?
The property at 305 Iroquois Drive was built in 1950 and last sold on Aug 26, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 305 Iroquois Drive is $0.
What are some comparable homes to 305 Iroquois Drive?
There are currently no comparable homes to 305 Iroquois Drive.
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