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Ocean
405 Valley Way
$375,000
● House - Off Market

405 Valley Way

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,450 Ft²
$415,292
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

MULTIPLE OFFERS...Seller requests no more showings. This LAKEFRONT ranch home is situated on a huge 100 x 150, lot on a beautiful street. Wood floors, Family room off kitchen, deck, garage. Updates to windows, siding, roof, AC and main bath. Don't miss this!
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$254
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22127779)

Price History

Date / Event Date Event Price
Oct 15, 2021 Sold
Premium
Sold
Aug 20, 2021 Listed by Diane Turton, Realtors-Point Pleasant Boro $369,000
Listed by Diane Turton, Realtors-Point Pleasant Boro

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,450
  • Building Area: 1,450
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 34.1
  • Account Number: 00310166
  • District: 07
  • Parcel: 07 00400- 07-00017
  • Block: 400.07
  • Lot: 17
  • Municipality: BRICK TWP
  • Latitude: 40.0515
  • Longitude: -74.1572

    Address

  • Full Address: 405 Valley Way
  • Address - House Number: 405
  • Address - Street Name: Valley
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Brick
  • Carrier Code: C002
  • 4-Digit Zip Code: 4913
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $637,492

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 450,538
  • High Value: 547,860
  • Low Value: 353,216

    Market Valuation

  • Market Total Value: $263,100
  • Market Land Value: $148,400
  • Market Improvement Value: $114,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,100
  • Assessed Land Value: $148,400
  • Assessed Improvements Value: $114,700

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021167049
  • Previous Sale Recording Date: Jul 08, 2020
  • Previous Sale Contract Date: Jun 29, 2020
  • Previous Sale Amount: $42,000
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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: Erin Hunt, Diane Turton, Realtors-Point Pleasant Boro
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22127779
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 405 Valley Way built and last sold?
The property at 405 Valley Way was built in 1970 and last sold on Oct 12, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 405 Valley Way is $377,766.
What are some comparable homes to 405 Valley Way?
There are currently no comparable homes to 405 Valley Way.
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