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Ocean 08724
501 Alexander Road
$345,500
● House - Off Market

501 Alexander Road

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$684,613
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Wonderful Contemporary Colonial with Fabulous Two Story Stone Fireplace and Cathedral Ceiling Makes a Statement-Formal Dining Room-Light & Bright Huge Eat-in-Kitchen,Center Isle and Plenty of Cabinets-New Ceramic Tile Flr and Slider to Deck-First Flr Den/Office-Mstr Bdrm has Walk In Closet,Private Bath,Whirlpool Tub,Stall Shower & Dble Sinks-Finished Bsmt Freshly Painted,New Berber Carpet&Great Storage-Large Two Tier Deck,Private Yard,Sprinklers & 2C/Garage-Close to Pkway,I95,Beaches & Reservoir
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$181
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1992

Payment Calculator

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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 #21327155)

Price History

Date / Event Date Event Price
Apr 16, 2014 Sold
Premium
Sold
Aug 5, 2013 Listed by Real Estate, LTD $362,900
Listed by Real Estate, LTD

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 948
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,023
  • Total Building Area: 1,817
  • Building Area: 1,817
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,817
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713203

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 63.4
  • Account Number: 00729568
  • District: 07
  • Parcel: 07 01386- 05-00013
  • Block: 1386.05
  • Lot: 13
  • Municipality: BRICK TWP
  • Latitude: 40.1038
  • Longitude: -74.1251

    Address

  • Full Address: 501 Alexander Rd
  • Address - House Number: 501
  • Address - Street Name: Alexander
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 1490
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $854,625

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 625,019
  • High Value: 756,187
  • Low Value: 493,851

    Market Valuation

  • Market Total Value: $348,400
  • Market Land Value: $123,700
  • Market Improvement Value: $224,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,400
  • Assessed Land Value: $123,700
  • Assessed Improvements Value: $224,700

    Sales

  • Current Sale Contract Date: Apr 10, 2014
  • Current Sale Recording Date: Apr 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2014034230
  • Previous Sale Recording Date: Aug 26, 2004
  • Previous Sale Contract Date: Aug 20, 2004
  • Previous Sale Amount: $422,500
  • Previous Sale Document Type: 12
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

$303

Above Asking

0.19%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4650 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 18 Arlyn Drive, Howell, NJ, 07731

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,280 ft²
18 Arlyn Drive, Howell, NJ, 07731 Listing by Danielle Petrocelli
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Catherine M Kehm, Real Estate, LTD
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21327155
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 501 Alexander Road built and last sold?
The property at 501 Alexander Road was built in 1992 and last sold on Apr 10, 2014 for $345,500.
How much is this home worth?
The estimated value of the home located at 501 Alexander Road is $0.
What are some comparable homes to 501 Alexander Road?
There are currently no comparable homes to 501 Alexander Road.
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