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Ocean 08724
35 Harmony Lane
$425,000
● House - Off Market

35 Harmony Lane

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,379 Ft²
$551,680
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Looking for a good sized home in a great community? This may be what you are looking for. This home needs some work, but your return on investment should be great! This home features 4 bedrooms, 2.5 Baths, Living Room, Formal Dining Room, Family Room with Fireplace.  There are many opportunities here! Don't delay. Near shopping, Ocean and Bay Beaches, Marina, Shopping, Highways and Restaurants!
Unit Size
2,379 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$177
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1990

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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 #22030981)

Price History

Date / Event Date Event Price
Dec 30, 2020 Sold
Premium
Sold
Sep 1, 2020 Listed by RE/MAX at Barnegat Bay - Toms River $419,900
Listed by RE/MAX at Barnegat Bay - Toms River
Looking for a good sized home in a great community? This may be what you are looking for. This home needs some work, but your return on investment should be great! This home features 4 bedrooms, 2.5 Baths, Living Room, Formal Dining Room, Family Room with Fireplace. There are many opportunities here! Don't delay. Near shopping, Ocean and Bay Beaches, Marina, Shopping, Highways and Restaurants!

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,379
  • Building Area: 2,379
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,379
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713500

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 47.2
  • Account Number: 00416837
  • District: 07
  • Parcel: 07 00869- 23-00003
  • Block: 869.23
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0664
  • Longitude: -74.1168

    Address

  • Full Address: 35 Harmony Ln
  • Address - House Number: 35
  • Address - Street Name: Harmony
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brick
  • Carrier Code: C061
  • 4-Digit Zip Code: 4347
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $827,011

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 620,395
  • High Value: 750,592
  • Low Value: 490,197

    Market Valuation

  • Market Total Value: $338,800
  • Market Land Value: $145,000
  • Market Improvement Value: $193,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,800
  • Assessed Land Value: $145,000
  • Assessed Improvements Value: $193,800

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021009581
  • Previous Sale Recording Date: Jul 03, 2019
  • Previous Sale Contract Date: May 28, 2019
  • Previous Sale Amount: $295,000
  • 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

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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: Christian Schlueter, RE/MAX at Barnegat Bay
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22030981
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 35 Harmony Lane built and last sold?
The property at 35 Harmony Lane was built in 1990 and last sold on Dec 22, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 35 Harmony Lane is $0.
What are some comparable homes to 35 Harmony Lane?
There are currently no comparable homes to 35 Harmony Lane.
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