$441,100
●
House -
Off Market
380 Shawnee Drive
Brick, NJ 08724
2 Beds
1 Bath
$415,912
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Near the Metedeconk River in the sought-after village of
Cedarcroft, sits this renovated Ranch with a light and airy coastal
cottage vibe. An open porch welcomes you while the living room with
its shiplap walls and vaulted, beamed ceiling will inspire you to
relax aside the fireplace. All living areas boast hardwood flooring
including the dining room and modern kitchen with white shaker
cabinetry, granite countertops and Stainless-Steel appliances.
There is a full bath with tub/shower and marble tile floor amid 2
bedrooms which includes a spacious primary with double closet
doors. Side entry foyer provides convenient access to the new
outdoor shower and a finished basement. The 75x100 lot has a large
fenced-in yard with paver patio & detached 2-car garage with
oversized driveway. Perfect for year-round or summer living, you're
just minutes to Windward Beach, restaurants, shops, and the
Atlantic Ocean. Optional membership to the Cedarcroft Property
Owners Association offering clubhouse, social gatherings, private
river beach and boat slips. Not in a flood zone.
Unit Size
-
Days on Market
47 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1950
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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: 5 months ago (MOMLS #22224846)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by RE/MAX Bay Point Realtors | $399,900 | |
| Listed by RE/MAX Bay Point Realtors | |||
| Oct 12, 2016 | Sold | ||
| Sold | |||
| Aug 30, 2016 | Listed by C21/ Lawrence Realty | $259,900 | |
| Listed by C21/ Lawrence Realty | |||
| | |||
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In demand Cedarcroft section of Brick where for a nominal fee you can join the Cedarcroft Beach Association and enjoy all the benefits of the beach and boating or even rent out the the clubhouse for your own events. Finished in craftsman style décor this home is the perfect year round or terrific weekend or summer getaway home. New kitchen features granite countertops, stainless steel appliances and 3 1/4 hw flooring with adjacent eating area complete with vaulted ceilings and plenty of windows bringing in great morning southern exposure. Vaulted ceiling living room with wood burning fireplace accented with hardwood flooring. Large Master Bedroom with double door closet plus additional second bedroom. Renovated bath featuring marble tile flooring and pedestal sink. with linen closet. Side entry foyer that leads to basement with additional finished room and laundry area. New Central Air Conditioning and New gas heat, Oversized two car garage plus eight car driveway all on 75x100 property which is considered oversized for Cedar Croft. Bike ride to Windward Beach and 15 minutes to Ocean.
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Ocean
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Listed by: Jamie Paradise, RE/MAX Bay Point Realtors
Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22224846
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.
Last Updated: 5 months ago
Data Source: MOMMLS, MLS# 22224846
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