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Ocean 08724
427 Sedge Place
$129,895
● Land - Off Market

427 Sedge Place

Brick, NJ 08724
bedrooms
Studio
bathrooms
0 Bath
$132,158
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Located in the Midstreams Section of Town is where you will find this 75' x 100' wooded property, in which you could selectively clear in order to maintain some privacy.  Not currently or proposed to be in a flood zone! according to the latest FEMA Comparison of Flood Hazard Report. Just a short drive to the Garden State Parkway, Brick Hospital, area Shopping, Boardwalk & Oceanfront Beaches.  However this is an undersized lot that will require a Variance in order to build and the cost of which will be the responsibility of the purchaser.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$138
HOA Dues
-
Year Built
-

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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 #22132477)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Oct 1, 2021 Listed by Diane Turton, Realtors-Rumson $129,895
Listed by Diane Turton, Realtors-Rumson

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000172
  • Standard Land Use Code: 8000
  • County Land Use Code: 1
  • Legal Description 1: ADDITIONAL LOTS: L8

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713600

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 50.1
  • Account Number: 00517755
  • District: 07
  • Parcel: 07 00958- 21-00007- 01
  • Block: 958.21
  • Lot: 7.01
  • Municipality: BRICK TWP
  • Latitude: 40.0621
  • Longitude: -74.0948

    Address

  • Full Address: 427 Sedge Pl
  • Address - House Number: 427
  • Address - Street Name: Sedge
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C022
  • 4-Digit Zip Code: 4526
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $170,870

    Market Valuation

  • Market Total Value: $70,000
  • Market Land Value: $70,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,000
  • Assessed Land Value: $70,000

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31567
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

1606 ft²

Average Home Age

29.5 years

Currently For Sale

4548 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: Michael A Milano, Diane Turton, Realtors-Rumson
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22132477
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 427 Sedge Place built and last sold?
The property at 427 Sedge Place was built in and last sold on Apr 18, 2023 for $129,895.
How much is this home worth?
The estimated value of the home located at 427 Sedge Place is $131,194.
What are some comparable homes to 427 Sedge Place?
There are currently no comparable homes to 427 Sedge Place.
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