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Ocean 08724
340 Rancocas Drive
$626,000
● House - Off Market

340 Rancocas Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,176 Ft²
$505,795
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Great waterfront opportunity in the Cedarcroft section of Brick, just off Princeton Ave. Sitting on a huge lot (almost 10,000sqft) with 96ft of vinyl bulkhead for your boats, jet skis or other water toys, this 2200sqft home is available.  4 bedroom 2 bath home offers newer roof and newer C/A. House is need of  interior renovation cosmetically and is priced accordingly. Redesign, rebuild, add on, or just clean it up and enjoy it as you have so many opportunities here. Plenty of room for a pool and parking in the front for multiple cars! House is public water/sewer but does have well for exterior use.  House did not sustain Sandy damage.
Unit Size
2,176 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$230
Property Type
House
Property Taxes
$894
HOA Dues
-
Year Built
1969

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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 #22213603)

Price History

Date / Event Date Event Price
Jun 7, 2022 Sold
Premium
Sold
May 7, 2022 Listed by RE/MAX Revolution $499,999
Listed by RE/MAX Revolution

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,749
  • Total Building Area: 2,176
  • Building Area: 2,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L12

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 49.2
  • Account Number: 00416016
  • District: 07
  • Parcel: 07 00895-0000-00011
  • Block: 895
  • Lot: 11
  • Municipality: BRICK TWP
  • Latitude: 40.0584
  • Longitude: -74.1028

    Address

  • Full Address: 340 Rancocas Dr
  • Address - House Number: 340
  • Address - Street Name: Rancocas
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C071
  • 4-Digit Zip Code: 4417
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,109,435

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 502,563
  • High Value: 547,874
  • Low Value: 457,252

    Market Valuation

  • Market Total Value: $454,500
  • Market Land Value: $324,700
  • Market Improvement Value: $129,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $454,500
  • Assessed Land Value: $324,700
  • Assessed Improvements Value: $129,800

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 81454
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

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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 437 Adamston Road, Brick, NJ, 08723

$4,500 /mo

  • 3 Beds
  • 2 Baths
437 Adamston Road, Brick, NJ, 08723 Listing by Dawn M White

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kenneth B Duncan, RE/MAX Revolution
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22213603
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 340 Rancocas Drive built and last sold?
The property at 340 Rancocas Drive was built in 1969 and last sold on Jun 6, 2022 for $626,000.
How much is this home worth?
The estimated value of the home located at 340 Rancocas Drive is $0.
What are some comparable homes to 340 Rancocas Drive?
There are currently no comparable homes to 340 Rancocas Drive.
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