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Ocean
447 Drum Point Road
$251,000
● House - Off Market

447 Drum Point Road

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$535,242
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Location-Near Beaches,Marinas,Shopping,etc.Want to be in your 'shore home' for the summer - This is it! You will want to stay when you walk in!! Corner Lot with awesome screened in porch to enjoy! Hardwood Floors-Updated kitchen w-granite counters & appliances! 3 Bedrooms, 2 full baths+Laundry room and garage! Fenced yard with impeccable landscaping-two fish ponds to enjoy! House well maintained.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1985

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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 #21312044)

Price History

Date / Event Date Event Price
Sep 9, 2013 Sold
Premium
Sold
Apr 10, 2013 Listed by Weichert Realtors-Brick $274,900
Listed by Weichert Realtors-Brick

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,180
  • Building Area: 1,180
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,180
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L2,3

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 25.1
  • Account Number: 00205730
  • District: 07
  • Parcel: 07 00319-0000-00001
  • Block: 319
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0356
  • Longitude: -74.1036

    Address

  • Full Address: 447 Drum Point Rd
  • Address - House Number: 447
  • Address - Street Name: Drum Point
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C087
  • 4-Digit Zip Code: 6951
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $536,695

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 418,148
  • High Value: 499,058
  • Low Value: 337,238

    Market Valuation

  • Market Total Value: $221,500
  • Market Land Value: $110,900
  • Market Improvement Value: $110,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,500
  • Assessed Land Value: $110,900
  • Assessed Improvements Value: $110,600

    Sales

  • Current Sale Contract Date: Aug 29, 2013
  • Current Sale Recording Date: Sep 16, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013100563
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

0.23%

Average Days on Market

74

Average Home Size

1597 ft²

Average Home Age

38.1 years

Currently For Sale

2993 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 30 Channel Road, Toms River, NJ, 08753

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,616 ft²
30 Channel Road, Toms River, NJ, 08753 Listing by Leigha M Gullotta-Jackson
Unit for rent at 39 Green Island Road, Toms River, NJ, 08753

$3,700 /mo

  • 3 Beds
  • 2 Baths
39 Green Island Road, Toms River, NJ, 08753 Listing by Issa Y Jordan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janet Ettore, Weichert Realtors-Brick
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21312044
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 447 Drum Point Road built and last sold?
The property at 447 Drum Point Road was built in 1985 and last sold on Aug 29, 2013 for $251,000.
How much is this home worth?
The estimated value of the home located at 447 Drum Point Road is $283,231.
What are some comparable homes to 447 Drum Point Road?
There are currently no comparable homes to 447 Drum Point Road.
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