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Ocean 08724
415 Princeton Avenue
$1,350,000
● House - Off Market

415 Princeton Avenue

Brick, NJ 08724
bedrooms
7 Beds
bathrooms
4 Baths
square feet
3,850 Ft²
$2,525,457
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

PRIME LOCATION!! SOUTHERN EXPOSURE!! METEDECONK RIVERFRONT! This Spectacular Property sits High on a bluff & measures almost an acre! 36,000 Sq.ft. and almost 100 ft. river frontage...very rare for Princeton Ave. MAGNIFICENT PANORAMIC VIEWS!  RIPARIAN GRANT!  Vinyl bulkhead, New 75 ft. dock, Heated In-Ground Pool & Spacious decks overlooking the river! Gated entry to Circular Drive. Home is 3,850 Sq.ft. w/7 Bdrms, 4 full baths, basement & 3 fireplaces. NO WATER FROM SANDY! NOT IN A FLOOD ZONE...NO FLOOD INSURANCE REQUIRED.
Unit Size
3,850 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$389
Property Type
House
Property Taxes
$2,584
HOA Dues
-
Year Built
1925

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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 #21546808)

Price History

Date / Event Date Event Price
Nov 4, 2016 Sold
Premium
Sold
Dec 30, 2015 Listed by Childers Sotheby's Intl Realty $1,499,000
Listed by Childers Sotheby's Intl Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,481
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,998
  • Total Building Area: 3,848
  • Building Area: 3,848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000826
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713700

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 51.1
  • Account Number: 00517210
  • District: 07
  • Parcel: 07 00913-0000-00018
  • Block: 913
  • Lot: 18
  • Municipality: BRICK TWP
  • Latitude: 40.0564
  • Longitude: -74.0971

    Address

  • Full Address: 415 Princeton Ave
  • Address - House Number: 415
  • Address - Street Name: Princeton
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C008
  • 4-Digit Zip Code: 4825
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,441,722

    Appraisal Valuation

  • Standard Deviation: 0.2088
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 2,438,491
  • High Value: 2,947,820
  • Low Value: 1,929,163

    Market Valuation

  • Market Total Value: $2,229,300
  • Market Land Value: $1,004,200
  • Market Improvement Value: $1,225,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,229,300
  • Assessed Land Value: $1,004,200
  • Assessed Improvements Value: $1,225,100

    Sales

  • Current Sale Contract Date: Oct 06, 2016
  • Current Sale Recording Date: Dec 30, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016136248

    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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1595 ft²

Average Home Age

35.1 years

Currently For Sale

2999 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

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MOMMLS

Listed by: Aileen Starkey-Casalino, Childers Sotheby's Intl Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21546808
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 415 Princeton Avenue built and last sold?
The property at 415 Princeton Avenue was built in 1925 and last sold on Oct 6, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 415 Princeton Avenue is $1,513,990.
What are some comparable homes to 415 Princeton Avenue?
There are currently no comparable homes to 415 Princeton Avenue.
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