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Ocean
497 Laurel Avenue
$230,000
● House - Off Market

497 Laurel Avenue

Brick, NJ 08723
bedrooms
4 Beds
bathrooms
1 Bath
$297,260
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Welcome to this great 4 BR home with a huge fenced in yard. Along with the 4 BRs there is also has an extra first floor room that can be utilized as an extra BR, office, or even a den. This solidly built home features beautiful wood trim throughout, as well as gorgeous wood flooring. The first floor has a bedroom, a large living room and foyer area, the bonus room, an eat in kitchen and a full bathroom. Upstairs you'll find 3 BRs as well as a large landing area. There is a full walkout basement with its very own fully functioning sauna. And if you want space, the oversized yard is exactly what you are looking for. The home is being sold ''as is'' but the pride of ownership over the years is evident throughout and with some touch ups it can be the great home it once was.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1940

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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 #22017153)

Price History

Date / Event Date Event Price
Sep 2, 2020 Sold
Premium
Sold
May 30, 2020 Listed by Real Estate, LTD $219,900
Listed by Real Estate, LTD

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 680
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 930
  • Total Building Area: 1,220
  • Building Area: 1,220
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L15-17

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 36.2
  • Account Number: 00312584
  • District: 07
  • Parcel: 07 00668-0000-00014
  • Block: 668
  • Lot: 14
  • Municipality: BRICK TWP
  • Latitude: 40.0501
  • Longitude: -74.1239

    Address

  • Full Address: 497 Laurel Ave
  • Address - House Number: 497
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C044
  • 4-Digit Zip Code: 5316
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $491,385

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 373,995
  • High Value: 458,011
  • Low Value: 289,979

    Market Valuation

  • Market Total Value: $202,800
  • Market Land Value: $116,800
  • Market Improvement Value: $86,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,800
  • Assessed Land Value: $116,800
  • Assessed Improvements Value: $86,000

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020105413
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

1583 ft²

Average Home Age

32.5 years

Currently For Sale

3087 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 46 Longpoint Drive, Brick, NJ, 08723

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,224 ft²
46 Longpoint Drive, Brick, NJ, 08723 Listing by Cynthia Makowski Fagan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: David Najdzinowicz, Real Estate, LTD
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22017153
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 497 Laurel Avenue built and last sold?
The property at 497 Laurel Avenue was built in 1940 and last sold on Aug 13, 2020 for $230,000.
How much is this home worth?
The estimated value of the home located at 497 Laurel Avenue is $0.
What are some comparable homes to 497 Laurel Avenue?
There are currently no comparable homes to 497 Laurel Avenue.
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