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Ocean
368 Spruce Drive
$325,000
● House - Off Market

368 Spruce Drive

Brick, NJ 08723
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,696 Ft²
$573,833
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Recently renovated 5 bedroom Colonial in desirable Lake Riviera section of Brick. Beautiful spacious gourmet eat-in kitchen with lots of cabinets, huge walk-in pantry & lots of counter space. Open floor plan perfect for large family and entertaining with living room & dining room just off the kitchen. 1st floor also offers large bedroom with walk-in closet & full bathroom. Plus a half bath for guests. 2nd floor offers master bedroom suite with walk-in closet & large private bathroom. Convenient laundry room upstairs. 5 bedrooms, 3.5 baths. Large shed in back. Must see to appreciate!
Unit Size
2,696 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1960

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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 #21608639)

Price History

Date / Event Date Event Price
Sep 6, 2016 Sold
Premium
Sold
Mar 7, 2016 Listed by RE/MAX Bay Point Realtors $339,900
Listed by RE/MAX Bay Point Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 100
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,696
  • Building Area: 2,696
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,696
  • 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: L35, 36

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 33.3
  • Account Number: 00309851
  • District: 07
  • Parcel: 07 00383- 30-00034
  • Block: 383.30
  • Lot: 34
  • Municipality: BRICK TWP
  • Latitude: 40.0452
  • Longitude: -74.1549

    Address

  • Full Address: 368 Spruce Dr
  • Address - House Number: 368
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C067
  • 4-Digit Zip Code: 5947
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $777,540

    Appraisal Valuation

  • Standard Deviation: 0.2122
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 590,004
  • High Value: 715,205
  • Low Value: 464,803

    Market Valuation

  • Market Total Value: $320,900
  • Market Land Value: $130,000
  • Market Improvement Value: $190,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,900
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $190,900

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021015871
  • Previous Sale Recording Date: Sep 12, 2016
  • Previous Sale Contract Date: Aug 01, 2016
  • Previous Sale Amount: $325,000
  • 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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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

Rentals Near You

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MOMMLS

Listed by: Michele Jasionowski, RE/MAX Bay Point Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21608639
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 368 Spruce Drive built and last sold?
The property at 368 Spruce Drive was built in 1960 and last sold on Dec 14, 2020 for $435,000.
How much is this home worth?
The estimated value of the home located at 368 Spruce Drive is $343,299.
What are some comparable homes to 368 Spruce Drive?
There are currently no comparable homes to 368 Spruce Drive.
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