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Ocean
44 Adair Drive
$252,000
● House - Off Market

44 Adair Drive

Brick, NJ 08723
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,298 Ft²
$379,914
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

WELCOME TO SHORE ACRES COMMUNITY, ALREADY RAISED 2 BEDROOM RANCH PLUS EXTRA ROOM, EAT-IN-KITCHEN WITH STAINLESS APPLIANCES, PLENTY OF OAK CABINETS SPACE, QUARTZ COUNTER TOPS, COZY LIVING ROOM, SEPARATE LAUNDRY. RELAX AND ENJOY THE WATER VIEW FROM THE SUN ROOM OR ON THE DECK. SHORE ACRES MEMBERSHIP IS OPTIONAL WITH 2 BAY BEACHES AND A CLUB HOUSE.
Unit Size
1,298 Ft²
Days on Market
-
Land Size
-
Price per sqft
$211
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1946

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: 3 years ago (MOMLS #21940282)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
Oct 2, 2019 Listed by Real Estate, LTD $274,000
Listed by Real Estate, LTD

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,298
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,298
  • Building Area: 1,298
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L49

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714200

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 24.2
  • Account Number: 00205267
  • District: 07
  • Parcel: 07 00277-0000-00048
  • Block: 277
  • Lot: 48
  • Municipality: BRICK TWP
  • Latitude: 40.0244
  • Longitude: -74.1053

    Address

  • Full Address: 44 Adair Dr
  • Address - House Number: 44
  • Address - Street Name: Adair
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C054
  • 4-Digit Zip Code: 7447
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $553,171

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 450,689
  • High Value: 551,933
  • Low Value: 349,444

    Market Valuation

  • Market Total Value: $228,300
  • Market Land Value: $123,000
  • Market Improvement Value: $105,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,300
  • Assessed Land Value: $123,000
  • Assessed Improvements Value: $105,300

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020081590
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

$306

Above Asking

0.24%

Average Days on Market

73

Average Home Size

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3005 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 4 Cedar Crest Drive, Toms River, NJ, 08753

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 836 ft²
4 Cedar Crest Drive, Toms River, NJ, 08753 Listing by Melanie Weinberg

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Mary C Topetro, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21940282
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 44 Adair Drive built and last sold?
The property at 44 Adair Drive was built in 1946 and last sold on Jul 1, 2020 for $257,000.
How much is this home worth?
The estimated value of the home located at 44 Adair Drive is $280,589.
What are some comparable homes to 44 Adair Drive?
There are currently no comparable homes to 44 Adair Drive.
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