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Ocean
464 Lafayette Drive
$485,000
● House - Off Market

464 Lafayette Drive

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$728,337
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

One of a kind custom built Carolina Style home with 2-car garage and finished basement complete with a 2nd kitchen. Main Kitchen remodeled in 2016: 42 inch cabinets, granite counters. New 2017. 3 zone h/w baseboard heat, ceiling fans in all bedrooms. New pool cover, filter, heater and salt water conversion summer 2017. Bocce ball court, custom built pizza oven, custom BBQ kitchen area, 3 zone sprinkler system. The finished basement is 1350 sqft and has a family room, kitchen, full bath and bedroom/office. SO much to mention. Great for any family with so many amenities to enjoy
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994

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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 #21830186)

Price History

Date / Event Date Event Price
Nov 6, 2018 Sold
Premium
Sold
Jul 31, 2018 Listed by EXIT Realty Jersey Shore $479,900
Listed by EXIT Realty Jersey Shore

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,325
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,486
  • Total Building Area: 2,266
  • Building Area: 2,266
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,266
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE RIVIERA
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 34.4
  • Account Number: 00310503
  • District: 07
  • Parcel: 07 00446- 18-00002
  • Block: 446.18
  • Lot: 2
  • Municipality: BRICK TWP
  • Latitude: 40.0547
  • Longitude: -74.148

    Address

  • Full Address: 464 Lafayette Dr
  • Address - House Number: 464
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C002
  • 4-Digit Zip Code: 5054
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $866,223

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 638,713
  • High Value: 773,412
  • Low Value: 504,013

    Market Valuation

  • Market Total Value: $357,500
  • Market Land Value: $123,300
  • Market Improvement Value: $234,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,500
  • Assessed Land Value: $123,300
  • Assessed Improvements Value: $234,200

    Sales

  • Current Sale Contract Date: Nov 07, 2018
  • Current Sale Recording Date: Nov 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018109878
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.7 years

Currently For Sale

4267 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 305 Spirit Way, Brick, NJ, 08723

$3,600 /mo

  • 3 Beds
  • 3 Baths
  • 1,706 ft²
305 Spirit Way, Brick, NJ, 08723 Listing by Lisa M Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Sharon Miranda, EXIT Realty Jersey Shore
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21830186
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 464 Lafayette Drive built and last sold?
The property at 464 Lafayette Drive was built in 1994 and last sold on Nov 7, 2018 for $485,000.
How much is this home worth?
The estimated value of the home located at 464 Lafayette Drive is $500,162.
What are some comparable homes to 464 Lafayette Drive?
There are currently no comparable homes to 464 Lafayette Drive.
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