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Ocean
400 Meredith Lane
$315,000
● House - Off Market

400 Meredith Lane

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$506,713
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Spacious ranch ready for the next buyer to make wonderful memories in. This home has a wonderful floor plan with so many options. With a  large living room and dining room, you also have another large family room off the kitchen. Three great size bedrooms, and a bonus room off the garage that can be used as another bedroom or extra room for guests. Large driveway and garage, with a sprinkler system, and newer roof.
Unit Size
-
Days on Market
96 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1968

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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 #21812996)

Price History

Date / Event Date Event Price
Jul 13, 2018 Sold
Premium
Sold
Apr 7, 2018 Listed by Keller Williams Shore Properties $334,900
Listed by Keller Williams Shore Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,200
  • Total Building Area: 1,990
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000372
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 34.4
  • Account Number: 00310359
  • District: 07
  • Parcel: 07 00446- 09-00001
  • Block: 446.09
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0498
  • Longitude: -74.1464

    Address

  • Full Address: 400 Meredith Ln
  • Address - House Number: 400
  • Address - Street Name: Meredith
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brick
  • Carrier Code: C002
  • 4-Digit Zip Code: 5024
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $686,436

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 504,535
  • High Value: 602,160
  • Low Value: 406,909

    Market Valuation

  • Market Total Value: $283,300
  • Market Land Value: $127,200
  • Market Improvement Value: $156,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,300
  • Assessed Land Value: $127,200
  • Assessed Improvements Value: $156,100

    Sales

  • Current Sale Contract Date: Jul 10, 2018
  • Current Sale Recording Date: Jul 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018073322
  • Previous Sale Recording Date: Nov 12, 1992
  • Previous Sale Contract Date: Nov 12, 1992
  • Previous Sale Amount: $157,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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: Michael H Little, Keller Williams Shore Properties
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21812996
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 400 Meredith Lane built and last sold?
The property at 400 Meredith Lane was built in 1968 and last sold on Jul 10, 2018 for $330,000.
How much is this home worth?
The estimated value of the home located at 400 Meredith Lane is $338,249.
What are some comparable homes to 400 Meredith Lane?
There are currently no comparable homes to 400 Meredith Lane.
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