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Ocean
5 Carter Way
$325,000
● House - Off Market

5 Carter Way

Brick, NJ 08723
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,222 Ft²
$340,073
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Lions Head South- Popular Austin Model - Converted to GAS- and Gas Fireplace in Living Room! Ready for a new owner!  Enjoy easy living in a community that offers amenities - including pool, tennis, shuffleboard, and golf! Living Room & Dining Room - Cathedral Ceilings and Beam! Slider to 3 Season Room. Eat-in kitchen with appliances; Master bedroom has crown molding, 2 closets and full bath attached. 2nd bedroom has a walk-in closet.   Hall bathroom and a Laundry Room with cabinets.  Large oversized yard - with a patio. + large garage attached.
Unit Size
1,222 Ft²
Days on Market
44 days
Land Size
-
Price per sqft
$266
Property Type
House
Property Taxes
$266
HOA Dues
$140
Year Built
1984

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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: 7 months ago (MOMLS #22227670)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
Aug 31, 2022 Listed by Weichert Realtors-Brick $325,000
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 2
  • 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: 8,037
  • Total Building Area: 1,222
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714100

Zoning

  • Zoning: RR2

Geography

  • Assessors Map Reference: TAX MAP 31.2
  • Account Number: 00208020
  • District: 07
  • Parcel: 07 00380- 09-00014
  • Block: 380.09
  • Lot: 14
  • Municipality: BRICK TWP
  • Latitude: 40.0253
  • Longitude: -74.1525

    Address

  • Full Address: 5 Carter Way
  • Address - House Number: 5
  • Address - Street Name: Carter
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Brick
  • Carrier Code: C051
  • 4-Digit Zip Code: 7837
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $325,409

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 316,618
  • High Value: 387,745
  • Low Value: 245,492

    Market Valuation

  • Market Total Value: $134,300
  • Market Land Value: $40,000
  • Market Improvement Value: $94,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,300
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $94,300

    Sales

  • Current Sale Contract Date: Oct 14, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 109791
  • Previous Sale Recording Date: Dec 03, 2003
  • Previous Sale Contract Date: Nov 20, 2003
  • Previous Sale Amount: $208,000
  • Previous Sale Document Type: 27
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 2264 Hovsons Boulevard, Toms River, NJ, 08753

$1,975 /mo

  • 1 Bed
  • 1 Bath
  • 1,072 ft²
2264 Hovsons Boulevard, Toms River, NJ, 08753 Listing by Thomas Tvrdik
Unit for rent at 801d Balmoral Court, Lakewood, NJ, 08701

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 982 ft²
801d Balmoral Court, Lakewood, NJ, 08701 Listing by Jean W Buchanan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janet Ettore, Weichert Realtors-Brick
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 22227670
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 5 Carter Way built and last sold?
The property at 5 Carter Way was built in 1984 and last sold on Oct 14, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 5 Carter Way is $328,450.
What are some comparable homes to 5 Carter Way?
There are currently no comparable homes to 5 Carter Way.
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