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Brielle 08730 Brielle
401 Union Lane
$350,000
● Land - Off Market

401 Union Lane

Brielle, NJ 08730
bedrooms
Studio
bathrooms
0 Bath
$604,373
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Call your Architect and Builder today!  A fantastic property is available and ready to accommodate your custom residence! NOT in a flood zone! A full basement should work out nicely.

This 75 x 170 corner lot,(survey available) East of Rt.71, is conveniently located to, the elementary school, marinas, restaurants, center of town and just a short bike ride to the beach. Brielle is a quiet, seaside community which offers top notch schools, beautiful parks, competitive sports programs, and a very active and well run community. Make your move into this special part of town where many new homes have recently been built...opportunity knocks!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$401
HOA Dues
-
Year Built
2020

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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 #21719495)

Price History

Date / Event Date Event Price
May 25, 2018 Sold
Premium
Sold
Jan 23, 2018 Listed by Gloria Nilson & Co. Real Estate $360,000
Listed by Gloria Nilson & Co. Real Estate
Priced to sell!!! Don't delay,call your Architect and Builder today! A fantastic corner property is available to accommodate your custom residence! NOT in a flood zone! A full basement may work out nicely. This 75 x 170 corner lot,(survey available) East of Rt.71, is conveniently located to, the elementary school, marinas, restaurants, center of town and just a short bike ride to the beach. Brielle is a quiet, seaside community which offers top notch schools, beautiful parks, competitive sports programs, and a very active and well run community. Make your move into this special part of town where many new homes have recently been built...don't wait..call today for more information!
Aug 21, 2017 Sold
Premium
Sold
May 22, 2017 Listed by Gloria Nilson & Co. Real Estate $379,000
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,750
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,878
  • Building Area: 3,878
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,878
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brielle Borough School District
  • Census Tract: 809400

Geography

  • Assessors Map Reference: TAX MAP 7
  • District: 09
  • Parcel: 09 00082- 01-00005
  • Block: 82.01
  • Lot: 5
  • Municipality: BRIELLE BORO
  • Latitude: 40.108
  • Longitude: -74.0537

    Address

  • Full Address: 401 Union Ln
  • Address - House Number: 401
  • Address - Street Name: Union
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brielle
  • Carrier Code: C001
  • 4-Digit Zip Code: 1407
  • Zip Code: 08730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,743,103

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,842,838
  • High Value: 2,170,013
  • Low Value: 1,515,663

    Market Valuation

  • Market Total Value: $1,356,500
  • Market Land Value: $462,700
  • Market Improvement Value: $893,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,356,500
  • Assessed Land Value: $462,700
  • Assessed Improvements Value: $893,800

    Sales

  • Current Sale Contract Date: May 25, 2018
  • Current Sale Recording Date: Jun 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018054994
  • Previous Sale Recording Date: Sep 07, 2017
  • Previous Sale Contract Date: Aug 16, 2017
  • Previous Sale Amount: $350,000
  • 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 Brielle

Stats & Trends

Median Asking:

$1,499,000

Sale Price/ft²

$622

Below Asking

0.01%

Average Days on Market

70

Average Home Size

2800 ft²

Average Home Age

32.3 years

Currently For Sale

13 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 429 Euclid Avenue, NJ, 08736

$1,800 /mo

  • 2 Beds
  • 1 Bath
429 Euclid Avenue, NJ, 08736 Listing by Joseph A Riordan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Judith Keelan, Gloria Nilson & Co. Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21719495
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 Union Lane built and last sold?
The property at 401 Union Lane was built in 2020 and last sold on May 25, 2018 for $360,000.
How much is this home worth?
The estimated value of the home located at 401 Union Lane is $363,600.
What are some comparable homes to 401 Union Lane?
There are currently no comparable homes to 401 Union Lane.
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