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Ocean 08724
42 Bay Bridge Drive
$530,000
● House - Off Market

42 Bay Bridge Drive

Brick, NJ 08724
bedrooms
5 Beds
bathrooms
3 Baths
$926,450
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

STUNNING CUSTOM COLONIAL LOCATED IN DESIRABLE BAYBRIDGE VILLAGE OFFERS OPEN FLOOR PLAN*UPDATED KITCHEN HAS QUARTZ COUNTER TOPS*NEWER STAINLESS STEEL APPLIANCES*PLENTY OF CABINETS WITH ELECTRIC OUTLETS & LIGHTING UNDER THE CABINETS*TILED BACKSPLASH*TWO PANTRY CLOSETS*MAGNIFICENT GREAT ROOM W/LOW MAINTENANCE TOP OF LINE PERGO FLOORS-TRAY CEILING-RECESSED LIGHTING*FORMAL DINING ROOM WITH DUAL SIDED GAS FIREPLACE TO SUNROOM*FULL BATH ON 1ST FLOOR*SPIRAL STAIRCASE LEADS TO MASTER BEDROOM SUITE-CUSTOM HARDWOOD FLOORS-WALK IN CLOSETS-DUAL SIDED GAS FIREPLACE TO WHIRLPOOL TUB*SPACIOUS BEDROOMS WITH LARGE CLOSETS*BONUS ROOM IN GARAGE AREA W/SEPERATE ENTRANCE*GORGEOUS LANDSCAPING SURROUNDS ALMOST 1/2 ACRE OF PROPERTY*INGROUND HEATED POOL*POOL HOUSE NOT INCLUDED-CALL FOR DETAILS
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
House
Property Taxes
$981
HOA Dues
-
Year Built
1987

Payment Calculator

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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: 2 years ago (MOMLS #21618148)

Price History

Date / Event Date Event Price
Nov 4, 2016 Sold
Premium
Sold
May 7, 2016 Listed by Weichert Realtors-Brick $549,900
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 20,077
  • Total Building Area: 3,552
  • Building Area: 3,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,552
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713000

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 55.5
  • Account Number: 00521104
  • District: 07
  • Parcel: 07 01033- 01-00003
  • Block: 1033.01
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0823
  • Longitude: -74.0938

    Address

  • Full Address: 42 Bay Bridge Dr
  • Address - House Number: 42
  • Address - Street Name: Bay Bridge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C030
  • 4-Digit Zip Code: 4004
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,276,888

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 914,023
  • High Value: 1,086,816
  • Low Value: 741,230

    Market Valuation

  • Market Total Value: $523,100
  • Market Land Value: $134,300
  • Market Improvement Value: $388,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $523,100
  • Assessed Land Value: $134,300
  • Assessed Improvements Value: $388,800

    Sales

  • Current Sale Contract Date: Nov 01, 2016
  • Current Sale Recording Date: Nov 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016116852
  • Previous Sale Recording Date: Jul 29, 1998
  • Previous Sale Contract Date: Jun 24, 1998
  • Previous Sale Amount: $159,900
  • Previous Sale Document Type: 27

    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

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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 724 Bay Avenue, Brick, NJ, 08724

$6,250 /mo

  • 4 Beds
  • 3 Baths
  • 2,900 ft²
724 Bay Avenue, Brick, NJ, 08724 Listing by Theresa Kuyl

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Roxanne Morales, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21618148
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 42 Bay Bridge Drive built and last sold?
The property at 42 Bay Bridge Drive was built in 1987 and last sold on Nov 1, 2016 for $530,000.
How much is this home worth?
The estimated value of the home located at 42 Bay Bridge Drive is $0.
What are some comparable homes to 42 Bay Bridge Drive?
There are currently no comparable homes to 42 Bay Bridge Drive.
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