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Ocean 08724
425 1st Avenue
$300,000
● House - Off Market

425 1st Avenue

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,677 Ft²
$1,764
Est. Monthly
15.07%
Cap Rate

About This Property

**OFFER ACCEPTED**Cape Style home featuring 3 bedrooms and 2.5 baths, detached garage and deck. Home is being sold strictly as-is.
Unit Size
1,677 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$155
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1960

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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 #22332814)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Nov 30, 2023 Listed by Paschon Realty LLC $259,900
Listed by Paschon Realty LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • 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: 54
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,677
  • Building Area: 1,677
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,677
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L498-501

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713100

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 64.1
  • Account Number: 00622870
  • District: 07
  • Parcel: 07 01226-0000-00497
  • Block: 1226
  • Lot: 497
  • Municipality: BRICK TWP
  • Latitude: 40.101
  • Longitude: -74.104

    Address

  • Full Address: 425 1st Ave
  • Address - House Number: 425
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C025
  • 4-Digit Zip Code: 1530
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $584,304

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 442,372
  • High Value: 540,588
  • Low Value: 344,156

    Market Valuation

  • Market Total Value: $238,200
  • Market Land Value: $125,900
  • Market Improvement Value: $112,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,200
  • Assessed Land Value: $125,900
  • Assessed Improvements Value: $112,300

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 17, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4047
  • Previous Sale Recording Date: Mar 08, 2017
  • Previous Sale Contract Date: Mar 29, 2016
  • Previous Sale Document Type: 64
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

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,800 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
Unit for rent at 802 Laura Herbert Drive, Point Pleasant, NJ, 08742

$3,700 /mo

  • 3 Beds
  • 2 Baths
802 Laura Herbert Drive, Point Pleasant, NJ, 08742 Listing by James Hannam

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Noelle Paschon, Paschon Realty LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22332814
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 425 1st Avenue built and last sold?
The property at 425 1st Avenue was built in 1960 and last sold on Jan 4, 2024 for $300,000.
How much is this home worth?
The estimated value of the home located at 425 1st Avenue is $277,196.
What are some comparable homes to 425 1st Avenue?
There are currently no comparable homes to 425 1st Avenue.
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