For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Ocean
508 Highland Terrace
$605,000
● House - Off Market

508 Highland Terrace

Brick, NJ 08723
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,147 Ft²
$3,931
Est. Monthly
13.78%
Cap Rate

About This Property

PRICE REDUCTION Welcome to your dream family home in the heart of Brick's most coveted neighborhood!This exceptional 6-bedroom,3-bathroom residence offers over 3000 sq ft of living space providing ample room for your family to grow and create lasting memories.Step into your backyard oasis complete with a great built-in pool.Host unforgettable pool parties on the deck while enjoying the summer sun.Enjoy the best of both worlds with fantastic decks located on the first and second floor.Nestled on a tranquil, low traffic street, this property offers the peace and quiet you desire while being close to all amenities, schools, parks and shopping centers. Don't miss out on the chance to make this exceptional property your own.
Unit Size
3,147 Ft²
Days on Market
146 days
Land Size
0.39 acres
Price per sqft
$207
Property Type
House
Property Taxes
$739
HOA Dues
-
Year Built
1970

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #22324149)

Price History

Date / Event Date Event Price
Jan 24, 2024 Sold
Premium
Sold
Aug 31, 2023 Listed by Keller Williams Realty West Monmouth $649,900
Listed by Keller Williams Realty West Monmouth

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,805
  • Total Building Area: 3,147
  • Building Area: 3,147
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,147
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000386
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714000

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 34.1
  • Account Number: 00310230
  • District: 07
  • Parcel: 07 00400- 11-00003
  • Block: 400.11
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0533
  • Longitude: -74.1534

    Address

  • Full Address: 508 Highland Ter
  • Address - House Number: 508
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Brick
  • Carrier Code: C002
  • 4-Digit Zip Code: 4932
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $887,302

    Appraisal Valuation

  • Standard Deviation: 0.1919
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 619,851
  • High Value: 738,805
  • Low Value: 500,896

    Market Valuation

  • Market Total Value: $366,200
  • Market Land Value: $149,300
  • Market Improvement Value: $216,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366,200
  • Assessed Land Value: $149,300
  • Assessed Improvements Value: $216,900

    Sales

  • Current Sale Contract Date: Jan 17, 2024
  • Current Sale Recording Date: Jan 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6155
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

1578 ft²

Average Home Age

32.5 years

Currently For Sale

3055 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Richard Krug, Keller Williams Realty West Monmouth
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22324149
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 508 Highland Terrace built and last sold?
The property at 508 Highland Terrace was built in 1970 and last sold on Jan 17, 2024 for $605,000.
How much is this home worth?
The estimated value of the home located at 508 Highland Terrace is $656,399.
What are some comparable homes to 508 Highland Terrace?
There are currently no comparable homes to 508 Highland Terrace.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Ocean Homes for Sale
Ocean Houses for Sale
Ocean Condos for Sale
Ocean Co-Ops for Sale
Ocean Townhouses for Sale
Ocean Multifamily for Sale
Ocean Land for Sale
Ocean Commercial for Sale
Nearby Cities
New York Homes for Sale
Toms River Homes for Sale
Jersey City Homes for Sale
Newark Homes for Sale
Holiday City-Berkeley Homes for Sale
Vineland Homes for Sale
Ocean Acres Homes for Sale
Ocean City Homes for Sale
Nearby Property Records
Ocean County, NJ Property Records
Burlington County, NJ Property Records
Monmouth County, NJ Property Records
Atlantic County, NJ Property Records
Middlesex County, NJ Property Records
Mercer County, NJ Property Records
Camden County, NJ Property Records
Gloucester County, NJ Property Records
Neighborhoods
Upper East Side Real Estate
Upper West Side Real Estate
Midtown East Real Estate
Flushing Real Estate
Harlem Real Estate
Chelsea Real Estate
Riverdale Real Estate
Forest Hills Real Estate
Nearby Counties
Manhattan Homes for Sale
Monmouth Homes for Sale
Queens Homes for Sale
Brooklyn Homes for Sale
Middlesex Homes for Sale
Camden Homes for Sale
Burlington Homes for Sale
Hempstead Homes for Sale
Top Real Estate Agents
Top Agents in Ocean
Top Agents in New York
Top Agents in Manhattan
Top Agents in Monmouth
Top Agents in Queens
Top Agents in Brooklyn
Top Agents in Middlesex
Top Agents in Camden