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Ocean 08724
446 W Lake Drive
$535,000
● House - Off Market

446 W Lake Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
$3,212
Est. Monthly
6.52%
Cap Rate

About This Property

Fantastic well maintained Ranch on a horseshoe in the Herbertsville section with inground pool, stamped concrete for entertaining family and backs to Lake Howard.  Double concrete driveway, beautifully landscaped lawn and shrubs.  3 bedrooms, 2 full baths, hardwood flooring and kitchen updated in 2006 with stainless steel appliances, Plantation shutters, Underground sprinklers on a well, large pantry in kitchen. Must see, don't miss this one!  Pool is open and move in ready! Only 8 miles to Point Pleasant Beach
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$516
HOA Dues
-
Year Built
1965

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: 2 years ago (MOMLS #22416515)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 3, 2024 In contract -
In contract
Jun 11, 2024 Listed by RE/MAX First Realty $549,000
Listed by RE/MAX First Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L29

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 65.2
  • Account Number: 00623197
  • District: 07
  • Parcel: 07 01256- 04-00028
  • Block: 1256.04
  • Lot: 28
  • Municipality: BRICK TWP
  • Latitude: 40.0948
  • Longitude: -74.1087

    Address

  • Full Address: 446 W Lake Dr
  • Address - House Number: 446
  • Street Direction: W
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C066
  • 4-Digit Zip Code: 1571
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $610,797

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 450,088
  • High Value: 537,178
  • Low Value: 362,998

    Market Valuation

  • Market Total Value: $249,000
  • Market Land Value: $141,100
  • Market Improvement Value: $107,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,000
  • Assessed Land Value: $141,100
  • Assessed Improvements Value: $107,900
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

1599 ft²

Average Home Age

29.2 years

Currently For Sale

4384 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 222 17th Avenue, Brick, NJ, 08724

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,252 ft²
222 17th Avenue, Brick, NJ, 08724 Listing by Lorraine Stagliano
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Tina Pilot, RE/MAX First Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22416515
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 446 West Lake Drive built and last sold?
The property at 446 West Lake Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 446 West Lake Drive is $0.
What are some comparable homes to 446 West Lake Drive?
There are currently no comparable homes to 446 West Lake Drive.
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