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Ocean
311 Virginia Drive
$250,000
● House - Off Market

311 Virginia Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,240 Ft²
$454,934
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Clean,Bright, Airy & Move in Ready.Perfect Opportunity to own in Lake Riviera. Hardwood Flooring Throughout,Updated Kitchen,includes all Appliances & Slider Doors leading to A Beautiful fenced backyard & In Ground Pool, w/Safety cover,ready for your Enjoyment this summer! Direct Garage Entry, Living Room, Dining Room, Updated Bath,Newer Windows, Furnace 1yr,Central Air, Recessed Lighting,Conveniently located, close to shopping, schools, & transportation. Come Preview Today!
Unit Size
1,240 Ft²
Days on Market
-
Land Size
-
Price per sqft
$198
Property Type
House
Property Taxes
$413
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: 3 years ago (MOMLS #21413421)

Price History

Date / Event Date Event Price
Aug 13, 2014 Sold
Premium
Sold
Apr 8, 2014 Listed by Crossroads Realty Manchester $244,900
Listed by Crossroads Realty Manchester

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 3
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • 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 32.2
  • Account Number: 00308897
  • District: 07
  • Parcel: 07 00382- 03-00016
  • Block: 382.03
  • Lot: 16
  • Municipality: BRICK TWP
  • Latitude: 40.0377
  • Longitude: -74.1553

    Address

  • Full Address: 311 Virginia Dr
  • Address - House Number: 311
  • Address - Street Name: Virginia
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C067
  • 4-Digit Zip Code: 7122
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $593,392

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 444,731
  • High Value: 532,932
  • Low Value: 356,530

    Market Valuation

  • Market Total Value: $244,900
  • Market Land Value: $133,100
  • Market Improvement Value: $111,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,900
  • Assessed Land Value: $133,100
  • Assessed Improvements Value: $111,800

    Sales

  • Current Sale Contract Date: Jul 22, 2014
  • Current Sale Recording Date: Aug 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2014071544
  • Previous Sale Recording Date: Jun 01, 2007
  • Previous Sale Contract Date: Apr 17, 2007
  • Previous Sale Amount: $290,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1597 ft²

Average Home Age

29 years

Currently For Sale

4344 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

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MOMMLS

Listed by: Maria Matarazzo, Crossroads Realty Manchester
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21413421
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 311 Virginia Drive built and last sold?
The property at 311 Virginia Drive was built in 1968 and last sold on Jul 22, 2014 for $250,000.
How much is this home worth?
The estimated value of the home located at 311 Virginia Drive is $256,075.
What are some comparable homes to 311 Virginia Drive?
There are currently no comparable homes to 311 Virginia Drive.
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