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Ocean 08724
348 Willow Avenue
$330,000
● House - Off Market

348 Willow Avenue

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,105 Ft²
$499,653
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Beautiful 3-bedroom, 2-full bath home on a large corner lot in the Riviera Beach section of Brick Township. You'll love the custom  kitchen with soft-close cabinetry, leathered-finish granite, and porcelain tile flooring. The two bedrooms, dining room and living room on the upper level feature hardwood flooring and abundant natural light, plus there's a newly-finished full bath. The lower level boasts a third generous bedroom, newly-finished full bath with radiant floors and a large family room with sliding glass doors to the sunporch. Enjoy the spacious, private fenced-in backyard with patios, sitting wall and firepit...perfect for entertaining. Brand new furnace! Close to schools, parks, shopping, dining and major roadways. And it's less than 15 minutes to the beach and boardwalk
Unit Size
2,105 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$161
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1970

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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 #21905461)

Price History

Date / Event Date Event Price
Jun 6, 2019 Sold
Premium
Sold
Mar 7, 2019 Listed by Gloria Nilson & Co. Real Estate $339,900
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • 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: 2,105
  • Building Area: 2,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,105
  • 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: L9,10

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713100

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 65.1
  • Account Number: 00623549
  • District: 07
  • Parcel: 07 01285- 58-00008
  • Block: 1285.58
  • Lot: 8
  • Municipality: BRICK TWP
  • Latitude: 40.0956
  • Longitude: -74.1034

    Address

  • Full Address: 348 Willow Ave
  • Address - House Number: 348
  • Address - Street Name: Willow
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C081
  • 4-Digit Zip Code: 2210
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $693,709

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 550,185
  • High Value: 667,697
  • Low Value: 432,673

    Market Valuation

  • Market Total Value: $282,800
  • Market Land Value: $140,000
  • Market Improvement Value: $142,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,800
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $142,800

    Sales

  • Current Sale Contract Date: Jun 06, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019060790
  • Previous Sale Recording Date: Mar 25, 2002
  • Previous Sale Contract Date: Mar 18, 2002
  • Previous Sale Amount: $200,000
  • 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

1588 ft²

Average Home Age

35.2 years

Currently For Sale

3033 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 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,800 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
Unit for rent at 802 Laura Herbert Drive, Point Pleasant, NJ, 08742

$3,700 /mo

  • 3 Beds
  • 2 Baths
802 Laura Herbert Drive, Point Pleasant, NJ, 08742 Listing by James Hannam

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michelle Schneider, Gloria Nilson & Co. Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21905461
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 Willow Avenue built and last sold?
The property at 348 Willow Avenue was built in 1970 and last sold on Jun 6, 2019 for $330,000.
How much is this home worth?
The estimated value of the home located at 348 Willow Avenue is $360,278.
What are some comparable homes to 348 Willow Avenue?
There are currently no comparable homes to 348 Willow Avenue.
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