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Ocean
478 Community Drive
$265,500
● House - Off Market

478 Community Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,188 Ft²
$291,579
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Great opportunity to own this Ranch located in Breton Wood Section in Brick! Home offers 3 bedrooms, living room, large eat in kitchen with a dining area, laundry room. Come and see it today.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$240
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1991

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22211226)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
Apr 19, 2022 Listed by RE/MAX Revolution $285,000
Listed by RE/MAX Revolution

Property Highlights

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 0
  • 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: 1,188
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,188
  • 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: L28

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713900

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 36.1
  • Account Number: 00311483
  • District: 07
  • Parcel: 07 00567-0000-00027
  • Block: 567
  • Lot: 27
  • Municipality: BRICK TWP
  • Latitude: 40.0489
  • Longitude: -74.1253

    Address

  • Full Address: 478 Community Dr
  • Address - House Number: 478
  • Address - Street Name: Community
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C044
  • 4-Digit Zip Code: 5356
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,895

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 377,406
  • High Value: 450,433
  • Low Value: 304,380

    Market Valuation

  • Market Total Value: $205,900
  • Market Land Value: $108,000
  • Market Improvement Value: $97,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,900
  • Assessed Land Value: $108,000
  • Assessed Improvements Value: $97,900

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 83059
  • Previous Sale Recording Date: Dec 20, 2019
  • Previous Sale Contract Date: Nov 25, 2019
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 64
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

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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 104 Celebration Boulevard, Brick, NJ, 08723

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,920 ft²
104 Celebration Boulevard #104, Brick, NJ, 08723 Listing by Niraj Parikh
Unit for rent at 97 Metedeconk Road, Brick, NJ, 08723

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,612 ft²
97 Metedeconk Road, Brick, NJ, 08723 Listing by Marie Gentile

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Colette A Gioia, RE/MAX Revolution
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22211226
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 478 Community Drive built and last sold?
The property at 478 Community Drive was built in 1991 and last sold on Jun 28, 2022 for $265,500.
How much is this home worth?
The estimated value of the home located at 478 Community Drive is $0.
What are some comparable homes to 478 Community Drive?
There are currently no comparable homes to 478 Community Drive.
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