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Ocean 08724
429 17th Avenue
$547,000
● House - Off Market

429 17th Avenue

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,909 Ft²
$3,284
Est. Monthly
9.64%
Cap Rate

About This Property

This unique 4 bedroom, 2 bath, custom home is nestled in a highly desirable location. As you step inside you will be delighted and surprised by the numerous amenities this home has to offer. Updated features include kitchen w/ custom cabinetry, granite counters, tile flooring and baths which have beautiful tilework and vanities. Kitchen and kitchenette, cozy wood-burning fireplace plus bonus room. Step outside and discover the 10,000 sq. ft. double lot adorned with mature plantings, separate fenced in-ground pool, two sheds and huge patio creating your own private oasis. Full, dry basement providing oodles of storage and room for a man cave, home office, gym or hobbies. Double garage w/ loft and ample parking. Convenient to GSP/exit 91. Come enjoy the beautiful beaches of the Jersey Shore
Unit Size
1,909 Ft²
Days on Market
147 days
Land Size
0.23 acres
Price per sqft
$288
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1958

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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 #22325816)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Sep 15, 2023 Listed by Weichert Realtors-Brick $549,000
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 980
  • Garage Type: 7
  • Parking Space Count: 2
  • 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: 1,909
  • Building Area: 1,909
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,909
  • 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: L12-14

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 57.1
  • Account Number: 00519499
  • District: 07
  • Parcel: 07 01080- 85-00011
  • Block: 1080.85
  • Lot: 11
  • Municipality: BRICK TWP
  • Latitude: 40.0888
  • Longitude: -74.1052

    Address

  • Full Address: 429 17th Ave
  • Address - House Number: 429
  • Address - Street Name: 17th
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C046
  • 4-Digit Zip Code: 2643
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $705,205

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 548,243
  • High Value: 663,298
  • Low Value: 433,188

    Market Valuation

  • Market Total Value: $288,900
  • Market Land Value: $142,500
  • Market Improvement Value: $146,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $288,900
  • Assessed Land Value: $142,500
  • Assessed Improvements Value: $146,400

    Sales

  • Current Sale Contract Date: Feb 07, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11607
  • Previous Sale Recording Date: Aug 02, 2011
  • Previous Sale Contract Date: Jul 15, 2011
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3036 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 504 4th Avenue, Brick, NJ, 08724

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,414 ft²
504 4th Avenue, Brick, NJ, 08724 Listing by Patricia A Clark

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rachel Guarino, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22325816
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 429 17th Avenue built and last sold?
The property at 429 17th Avenue was built in 1958 and last sold on Feb 7, 2024 for $547,000.
How much is this home worth?
The estimated value of the home located at 429 17th Avenue is $0.
What are some comparable homes to 429 17th Avenue?
There are currently no comparable homes to 429 17th Avenue.
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