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Ocean
424 Drum Point Road
$232,000
● House - Off Market

424 Drum Point Road

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,494 Ft²
$364,701
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Private setting. Spacious 3 bedroom 2 bath home with beautifully landscaped backyard sanctuary.  Large rear deck for entertaining, newer roof, woodburning fireplace, vaulted ceilings and heated garage! Located close to town- must see!
Unit Size
1,494 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$167
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1989

Payment Calculator

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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: 3 years ago (MOMLS #21935368)

Price History

Date / Event Date Event Price
Oct 9, 2019 Sold
Premium
Sold
Aug 28, 2019 Listed by Hawes & McAfee, Inc. $249,000
Listed by Hawes & McAfee, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 1
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,924
  • Total Building Area: 1,494
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,494
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MINOR SUBDIVISION LOT 8 BLOCK 194
  • Land Acres: 0000000297
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 18.1
  • Account Number: 00104645
  • District: 07
  • Parcel: 07 00194- 08-00008- 02
  • Block: 194.08
  • Lot: 8.02
  • Municipality: BRICK TWP
  • Latitude: 40.0368
  • Longitude: -74.1048

    Address

  • Full Address: 424 Drum Point Rd
  • Address - House Number: 424
  • Address - Street Name: Drum Point
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C087
  • 4-Digit Zip Code: 6834
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $636,038

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 466,922
  • High Value: 571,814
  • Low Value: 362,031

    Market Valuation

  • Market Total Value: $262,500
  • Market Land Value: $118,600
  • Market Improvement Value: $143,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,500
  • Assessed Land Value: $118,600
  • Assessed Improvements Value: $143,900

    Sales

  • Current Sale Contract Date: Oct 07, 2019
  • Current Sale Recording Date: Jan 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020006672
  • Previous Sale Recording Date: Apr 04, 1996
  • Previous Sale Contract Date: Mar 15, 1996
  • Previous Sale Amount: $130,000
  • 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:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki
Unit for rent at 1527 Beaver Dam Road, Point Pleasant, NJ, 08742

$3,250 /mo

  • 4 Beds
  • 2 Baths
  • 1,580 ft²
1527 Beaver Dam Road, Point Pleasant, NJ, 08742 Listing by Christine Holt

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Munroe C Hawes, Hawes & McAfee, Inc.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21935368
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 424 Drum Point Road built and last sold?
The property at 424 Drum Point Road was built in 1989 and last sold on Oct 7, 2019 for $232,000.
How much is this home worth?
The estimated value of the home located at 424 Drum Point Road is $0.
What are some comparable homes to 424 Drum Point Road?
There are currently no comparable homes to 424 Drum Point Road.
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