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Ocean 08724
353 Old Squan Road
$385,000
● House - Off Market

353 Old Squan Road

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
$601,424
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Well maintained large Home 4/5 bedrooms with 2 updated kitchens. 2nd level kitchen has center island with Silestone counter tops and SS appliances. Opens up to full dining rm. Hardwood & Tiled  floors on 2nd level. Full bath is all tiled with Tub & Shower. The Master has hardwood floors and carpet in 2 bedrooms. Lower level can be in law suite,(separate entrance)has a bedroom and Den with full Updated Summer Kitchen, with dining area. Outside Oasis, with decking to above ground pool. Awesome Tiki Bar, Fire Pit, 2 sheds, a detached Screened room, for Summer fun! All Fenced in. This home has been well take care of....Come take a look...
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$527
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: 3 years ago (MOMLS #21803420)

Price History

Date / Event Date Event Price
May 11, 2018 Sold
Premium
Sold
Jan 29, 2018 Listed by Gloria Nilson & Co. Real Estate $395,000
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 4
  • 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: 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: 10,877
  • Total Building Area: 2,288
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 55.2
  • Account Number: 00519013
  • District: 07
  • Parcel: 07 01062- 01-00008
  • Block: 1062.01
  • Lot: 8
  • Municipality: BRICK TWP
  • Latitude: 40.0807
  • Longitude: -74.1086

    Address

  • Full Address: 353 Old Squan Rd
  • Address - House Number: 353
  • Address - Street Name: Old Squan
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C016
  • 4-Digit Zip Code: 2541
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,284

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 591,040
  • High Value: 715,077
  • Low Value: 467,003

    Market Valuation

  • Market Total Value: $291,800
  • Market Land Value: $118,300
  • Market Improvement Value: $173,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,800
  • Assessed Land Value: $118,300
  • Assessed Improvements Value: $173,500

    Sales

  • Current Sale Contract Date: May 07, 2018
  • Current Sale Recording Date: May 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018046313
  • Previous Sale Recording Date: Jun 22, 1995
  • Previous Sale Contract Date: Jun 14, 1995
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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: Phyllis Bronzino, Gloria Nilson & Co. Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21803420
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 353 Old Squan Road built and last sold?
The property at 353 Old Squan Road was built in 1972 and last sold on May 7, 2018 for $385,000.
How much is this home worth?
The estimated value of the home located at 353 Old Squan Road is $398,950.
What are some comparable homes to 353 Old Squan Road?
There are currently no comparable homes to 353 Old Squan Road.
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