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Ocean
348 Lake Shore Drive
$480,000
● House - Off Market

348 Lake Shore Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,458 Ft²
$417,281
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Great curb appeal and charming front porch.  Beautifully maintained home in desirable Lake Riviera.  Enjoy the very large fenced yard with pool and covered patio. The interior features hardwood floors,  a wood burning fireplace, family room and office.  Double wide driveway.  Roof is only one year old.  This home is ready for its new owners.
Unit Size
1,458 Ft²
Days on Market
41 days
Land Size
0.38 acres
Price per sqft
$288
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1972

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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: 7 months ago (MOMLS #22323013)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Aug 17, 2023 Listed by Crossroads Realty Inc-WH $419,900
Listed by Crossroads Realty Inc-WH

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 16,444
  • Total Building Area: 1,458
  • Building Area: 1,458
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,458
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000378
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L53-55

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.2
  • Account Number: 00309129
  • District: 07
  • Parcel: 07 00383- 02-00052
  • Block: 383.02
  • Lot: 52
  • Municipality: BRICK TWP
  • Latitude: 40.0438
  • Longitude: -74.1451

    Address

  • Full Address: 348 Lake Shore Dr
  • Address - House Number: 348
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C065
  • 4-Digit Zip Code: 6014
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $668,264

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 487,275
  • High Value: 592,533
  • Low Value: 382,018

    Market Valuation

  • Market Total Value: $275,800
  • Market Land Value: $135,800
  • Market Improvement Value: $140,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,800
  • Assessed Land Value: $135,800
  • Assessed Improvements Value: $140,000

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 75064

    Financing

  • First Mortgage Financing Type: ADJ
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

$304

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1609 ft²

Average Home Age

24.6 years

Currently For Sale

3232 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 155 Brand Road, Toms River, NJ, 08753

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,494 ft²
155 Brand Road, Toms River, NJ, 08753 Listing by Jessica Figlar
Unit for rent at 443 Carlisa Drive, Brick, NJ, 08723

$2,850 /mo

  • 3 Beds
  • 1 Bath
  • 979 ft²
443 Carlisa Drive #A, Brick, NJ, 08723 Listing by Malka S Cymet

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Karen Naedele, Crossroads Realty Inc-WH
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 22323013
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 348 Lake Shore Drive built and last sold?
The property at 348 Lake Shore Drive was built in 1972 and last sold on Sep 25, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 348 Lake Shore Drive is $0.
What are some comparable homes to 348 Lake Shore Drive?
There are currently no comparable homes to 348 Lake Shore Drive.
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