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Ocean 08724
505 Azalea Drive
$575,000
● House - Off Market

505 Azalea Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,222 Ft²
$624,023
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

UPDATED Custom Colonial w/3 generous size Bdrms,2 1/2 Baths,FULL BASEMENT,& 2CarGarage on a beautiful cul-de-sac.Fenced in private backyard w/brand new steps down to a very large NEW patio.Front&back landscaping refreshed.Just completed gorgeous front steps w/stunning breathtaking personally designed railings.2Story Foyer w/refinished hardwood flrs which lead into the lovely kitchen w/new:S/S stove,dishwasher,microwave!Some lighting updated.Freshly painted&brand NEW carpets thru out.Family rm w/vaulted ceiling&wood burning fireplace.Living/Dining rm combo open into each other for easy entertaining.Removed carpeting on stairs that lead to the 2nd floor&stained them.Pull down attic access on 2nd flr.Floors in garage&basement professionally painted.Close to BEACHES,Stores,&ALL major roadways!
Unit Size
2,222 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$270
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
1998

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 #22222038)

Price History

Date / Event Date Event Price
Sep 26, 2022 Sold
Premium
Sold
Jul 13, 2022 Listed by C21/ Action Plus Realty $600,000
Listed by C21/ Action Plus Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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: 1,224
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 720
  • Total Building Area: 2,222
  • Building Area: 2,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,222
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 56.2
  • Account Number: 00519581
  • District: 07
  • Parcel: 07 01086- 01-00003
  • Block: 1086.01
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0861
  • Longitude: -74.1019

    Address

  • Full Address: 505 Azalea Dr
  • Address - House Number: 505
  • Address - Street Name: Azalea
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C030
  • 4-Digit Zip Code: 2731
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $820,176

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 620,946
  • High Value: 750,916
  • Low Value: 490,977

    Market Valuation

  • Market Total Value: $337,100
  • Market Land Value: $129,700
  • Market Improvement Value: $207,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,100
  • Assessed Land Value: $129,700
  • Assessed Improvements Value: $207,400

    Sales

  • Current Sale Contract Date: Sep 21, 2022
  • Current Sale Recording Date: Oct 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 110566
  • Previous Sale Recording Date: Dec 06, 2001
  • Previous Sale Contract Date: Nov 01, 2001
  • 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

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,400 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
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: Christine Lundberg, C21/ Action Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22222038
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 505 Azalea Drive built and last sold?
The property at 505 Azalea Drive was built in 1998 and last sold on Sep 21, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 505 Azalea Drive is $0.
What are some comparable homes to 505 Azalea Drive?
There are currently no comparable homes to 505 Azalea Drive.
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