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Ocean
408 Earl Drive
$283,500
● House - Off Market

408 Earl Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,787 Ft²
$475,721
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Spacious bi-level on a low traffic street ready for a new owner to love.  Home has been completely remodeled and is freshly painted, new carpet, gleaming hardwood floors, new kitchen with stainless steel appliances and a great two car garage,  Oh did I mention this home has a brand new roof too?  You will enjoy seeing this beautiful home just waiting for a new owner.  Move in and relax.  All the work has been done for you.  Property is sold as is with buyer responsible for all inspections and certifications but don't let that fool you this home is a delight to show.
Unit Size
1,787 Ft²
Days on Market
-
Land Size
-
Price per sqft
$168
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1987

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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 #21713945)

Price History

Date / Event Date Event Price
Nov 24, 2017 Sold
Premium
Sold
Apr 11, 2017 Listed by Linda Schroeck Rlty. Group LLC $299,900
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,703
  • Building Area: 1,703
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,703
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714300

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 18.2
  • Account Number: 00104569
  • District: 07
  • Parcel: 07 00194- 06-00007
  • Block: 194.06
  • Lot: 7
  • Municipality: BRICK TWP
  • Latitude: 40.0398
  • Longitude: -74.1014

    Address

  • Full Address: 408 Earl Dr
  • Address - House Number: 408
  • Address - Street Name: Earl
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C029
  • 4-Digit Zip Code: 6470
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $671,898

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 515,929
  • High Value: 627,376
  • Low Value: 404,482

    Market Valuation

  • Market Total Value: $277,300
  • Market Land Value: $131,000
  • Market Improvement Value: $146,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,300
  • Assessed Land Value: $131,000
  • Assessed Improvements Value: $146,300

    Sales

  • Current Sale Contract Date: Oct 04, 2017
  • Current Sale Recording Date: Jan 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018000453
  • Previous Sale Recording Date: Jan 10, 2017
  • Previous Sale Contract Date: Oct 31, 2016
  • Previous Sale Document Type: 64

    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

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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 413 Earl Drive, Brick, NJ, 08723

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,720 ft²
413 Earl Drive, Brick, NJ, 08723 Listing by Gina Corbisiero

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21713945
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 408 Earl Drive built and last sold?
The property at 408 Earl Drive was built in 1987 and last sold on Oct 4, 2017 for $283,500.
How much is this home worth?
The estimated value of the home located at 408 Earl Drive is $316,567.
What are some comparable homes to 408 Earl Drive?
There are currently no comparable homes to 408 Earl Drive.
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