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Ocean 08724
401 Simon Place
$429,000
● House - Off Market

401 Simon Place

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,308 Ft²
$451,727
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Better than new!  No expense was spared on this 3 bedroom 1.5 bath ranch that has been completely renovated top to bottom, inside and out. Features include new roof, porch and driveway, newly installed HVAC, tankless HW heater and all new electric and plumbing to name a few. Beautiful bright white kitchen has quartz countertops & SS. A brand new half bath & laundry room was added for convenience.  Spacious family room has vaulted ceilings & slider leading to huge back yard.  Open floor plan, recessed lighting, neutral paint, crown moldings & hardwoods will make it easy to make this home your own! Fabulous neighborhood, picturesque lot, great location and only minutes from the beaches and shopping make this the perfect home.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$328
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1971

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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 #22128712)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Aug 29, 2021 Listed by VRI Homes $429,000
Listed by VRI Homes

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,160
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,308
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713100

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 64.1
  • Account Number: 00623175
  • District: 07
  • Parcel: 07 01256- 15-00004
  • Block: 1256.15
  • Lot: 4
  • Municipality: BRICK TWP
  • Latitude: 40.0984
  • Longitude: -74.1085

    Address

  • Full Address: 401 Simon Pl
  • Address - House Number: 401
  • Address - Street Name: Simon
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C066
  • 4-Digit Zip Code: 1593
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $647,594

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 473,152
  • High Value: 574,211
  • Low Value: 372,093

    Market Valuation

  • Market Total Value: $264,000
  • Market Land Value: $142,200
  • Market Improvement Value: $121,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,000
  • Assessed Land Value: $142,200
  • Assessed Improvements Value: $121,800

    Sales

  • Current Sale Contract Date: Feb 22, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 25841
  • Previous Sale Recording Date: Apr 20, 2021
  • Previous Sale Contract Date: Apr 19, 2021
  • Previous Sale Amount: $142,000
  • 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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.2 years

Currently For Sale

4244 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 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Michele Rankl, VRI Homes
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22128712
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 401 Simon Place built and last sold?
The property at 401 Simon Place was built in 1971 and last sold on Feb 22, 2022 for $429,000.
How much is this home worth?
The estimated value of the home located at 401 Simon Place is $0.
What are some comparable homes to 401 Simon Place?
There are currently no comparable homes to 401 Simon Place.
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