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Ocean
503 Dorothy Place
$330,000
● House - Off Market

503 Dorothy Place

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,648 Ft²
$497,060
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Impressive contemporary home with open floor plan in a sought-after location less than three miles to the beach. Home is situated on a quiet circular street with sidewalks, has beautifully manicured grounds, attractive cedar impression vinyl siding & a new roof. The home's nicely appointed living room boasts cathedral ceilings & skylights that provide sensational sunlight. There are three comfortable bedrooms upstairs. Bathrooms & kitchen were recently remodeled. Kitchen offers a breakfast bar, pantry & opens to a large dining room with sliders that lead to the home's luxurious back yard. Yard is fenced, pleasantly shaded, equipped with a gorgeous paver patio & shore essential outdoor shower! Home has a first floor laundry room, direct entry two car garage & double wide asphalt driveway.
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$206
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1988

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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 #21910605)

Price History

Date / Event Date Event Price
Aug 2, 2019 Sold
Premium
Sold
Mar 15, 2019 Listed by Ward Wight Sotheby's International Realty $339,000
Listed by Ward Wight Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,555
  • Total Building Area: 1,648
  • Building Area: 1,648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,648
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713800

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 17.2
  • Account Number: 00104493
  • District: 07
  • Parcel: 07 00190- 05-00004
  • Block: 190.05
  • Lot: 4
  • Municipality: BRICK TWP
  • Latitude: 40.043
  • Longitude: -74.1001

    Address

  • Full Address: 503 Dorothy Pl
  • Address - House Number: 503
  • Address - Street Name: Dorothy
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C029
  • 4-Digit Zip Code: 8041
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $645,730

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 491,825
  • High Value: 586,992
  • Low Value: 396,659

    Market Valuation

  • Market Total Value: $266,500
  • Market Land Value: $131,200
  • Market Improvement Value: $135,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,500
  • Assessed Land Value: $131,200
  • Assessed Improvements Value: $135,300

    Sales

  • Current Sale Contract Date: Jul 18, 2019
  • Current Sale Recording Date: Aug 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019076202
  • Previous Sale Recording Date: Apr 16, 2010
  • Previous Sale Contract Date: Apr 06, 2010
  • Previous Sale Amount: $275,000
  • 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:

$499,000

Sale Price/ft²

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1599 ft²

Average Home Age

29.2 years

Currently For Sale

4384 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 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki
Unit for rent at 1527 Beaver Dam Road, Point Pleasant, NJ, 08742

$3,250 /mo

  • 4 Beds
  • 2 Baths
  • 1,580 ft²
1527 Beaver Dam Road, Point Pleasant, NJ, 08742 Listing by Christine Holt

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jacob L Smith, Ward Wight Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21910605
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 503 Dorothy Place built and last sold?
The property at 503 Dorothy Place was built in 1988 and last sold on Jul 18, 2019 for $330,000.
How much is this home worth?
The estimated value of the home located at 503 Dorothy Place is $352,631.
What are some comparable homes to 503 Dorothy Place?
There are currently no comparable homes to 503 Dorothy Place.
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