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Ocean
364 Tennessee Drive
$420,000
● House - Off Market

364 Tennessee Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$377,907
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Cozy Cape Cod in Lake Riviera!!! New Roof and gutters in 2019, New AC 2018, New sprinklers 2022, a whole house generator and so much more!!!! Walk into a lovely living room with beautiful hardwood floors. There is a spacious dining room for entertaining and a large eat in kitchen !!! Primary bedroom and updated full bathroom round out the 1st floor. Upstairs you have 2 nice sized bedrooms!! Full basement for all your storage needs. Backyard has a nice paver patio with a walkway leading to a beautiful gazebo, New Shed and plenty of room to runaround!! Perfect Starter Home, in an Amazing Neighborhood. Minutes from Parks, Beaches, Marina and GSP. Hurry Before it is Gone!!
Unit Size
1,260 Ft²
Days on Market
53 days
Land Size
0.17 acres
Price per sqft
$298
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1965

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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 #22307446)

Price History

Date / Event Date Event Price
May 17, 2023 Sold
Premium
Sold
Mar 21, 2023 Listed by Weichert Realtors-Forked River $375,000
Listed by Weichert Realtors-Forked River

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 840
  • Garage Type: 0
  • 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: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,260
  • 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: L89,90

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.1
  • Account Number: 00309290
  • District: 07
  • Parcel: 07 00383- 08-00088
  • Block: 383.08
  • Lot: 88
  • Municipality: BRICK TWP
  • Latitude: 40.0442
  • Longitude: -74.149

    Address

  • Full Address: 364 Tennessee Dr
  • Address - House Number: 364
  • Address - Street Name: Tennessee
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C078
  • 4-Digit Zip Code: 6026
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $546,871

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 410,145
  • High Value: 498,741
  • Low Value: 321,548

    Market Valuation

  • Market Total Value: $225,700
  • Market Land Value: $130,000
  • Market Improvement Value: $95,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,700
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $95,700

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 39081
  • Previous Sale Recording Date: Oct 13, 1989
  • Previous Sale Contract Date: Oct 13, 1989
  • Previous Sale Amount: $122,000
  • 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

0.19%

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 305 Spirit Way, Brick, NJ, 08723

$3,600 /mo

  • 3 Beds
  • 3 Baths
305 Spirit Way, Brick, NJ, 08723 Listing by Lisa M Smith
Unit for rent at 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lori Donnelly, Weichert Realtors-Forked River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22307446
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 364 Tennessee Drive built and last sold?
The property at 364 Tennessee Drive was built in 1965 and last sold on May 10, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 364 Tennessee Drive is $380,696.
What are some comparable homes to 364 Tennessee Drive?
There are currently no comparable homes to 364 Tennessee Drive.
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