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Ocean
4 Farragut Drive
$317,600
● House - Off Market

4 Farragut Drive

Brick, NJ 08723
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,325 Ft²
$545,370
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

''This is a Fannie Mae Homepath property''. Beautiful Sea Shore Custom Cape style home features: Large eat in gourmet Kitchen, with center island and granite counter tops. Master Suite on the first level with master bathroom. Front family room with gas fireplace. Living room with slider and view of the Lagoon and 75' of dock. The two front bedrooms on second level have sliders to front to deck with a view of bay. Boaters Paradise; quick access to open bay. Truly unique home.
Unit Size
2,325 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$730
HOA Dues
-
Year Built
1950

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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 #21626883)

Price History

Date / Event Date Event Price
Aug 29, 2016 Sold
Premium
Sold
Jul 6, 2016 Listed by C21/ Value Plus Realty $322,900
Listed by C21/ Value Plus Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 5
  • 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: 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: 2,325
  • Building Area: 2,325
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,325
  • 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: L42

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714200

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 24.1
  • Account Number: 00205048
  • District: 07
  • Parcel: 07 00261-0000-00041- 01
  • Block: 261
  • Lot: 41.01
  • Municipality: BRICK TWP
  • Latitude: 40.0185
  • Longitude: -74.105

    Address

  • Full Address: 4 Farragut Dr
  • Address - House Number: 4
  • Address - Street Name: Farragut
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C054
  • 4-Digit Zip Code: 7509
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,024,929

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 752,020
  • High Value: 914,465
  • Low Value: 589,574

    Market Valuation

  • Market Total Value: $423,000
  • Market Land Value: $269,400
  • Market Improvement Value: $153,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,000
  • Assessed Land Value: $269,400
  • Assessed Improvements Value: $153,600

    Sales

  • Current Sale Contract Date: Aug 25, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016088199
  • Previous Sale Recording Date: Nov 06, 2015
  • Previous Sale Contract Date: Sep 16, 2015
  • Previous Sale Amount: $471,713
  • Previous Sale Document Type: 30

    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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1598 ft²

Average Home Age

29.1 years

Currently For Sale

4374 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 40 Channel Road, Toms River, NJ, 08753

$7,000 /mo

  • 3 Beds
  • 2 Baths
40 Channel Road, Toms River, NJ, 08753 Listing by Summit Tognetti

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Robert Giovinazzo, C21/ Value Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21626883
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 4 Farragut Drive built and last sold?
The property at 4 Farragut Drive was built in 1950 and last sold on Aug 25, 2016 for $317,600.
How much is this home worth?
The estimated value of the home located at 4 Farragut Drive is $326,129.
What are some comparable homes to 4 Farragut Drive?
There are currently no comparable homes to 4 Farragut Drive.
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