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Ocean
513 Silverton Road
$120,000
● House - Off Market

513 Silverton Road

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
$188,715
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

BRING YOUR IMAGINATION and work on this home to restore its natural beauty of the 1920's.  Home is situated on a large corner lot.  GARAGE IS NOT PART OF OUR PROPERTY.  Home offers 3 bedrooms, 1 bath and full basement.  Property has easy access to all the neighborhood conveniences.  Property is sold as is with seller making no representations or warranties.  Buyer is responsible for all inspections and certifications necessary to close title.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1929

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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 #21839762)

Price History

Date / Event Date Event Price
Feb 17, 2019 Sold
Premium
Sold
Oct 9, 2018 Listed by Linda Schroeck Rlty. Group LLC $125,000
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 12,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,447
  • Building Area: 1,447
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,447
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDARWOOD PARK
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L2-5

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713900

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 35.2
  • Account Number: 00310762
  • District: 07
  • Parcel: 07 00485-0000-00001
  • Block: 485
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0509
  • Longitude: -74.1327

    Address

  • Full Address: 513 Silverton Rd
  • Address - House Number: 513
  • Address - Street Name: Silverton
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C058
  • 4-Digit Zip Code: 5129
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $468,366

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 350,132
  • High Value: 428,787
  • Low Value: 271,477

    Market Valuation

  • Market Total Value: $193,300
  • Market Land Value: $118,900
  • Market Improvement Value: $74,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,300
  • Assessed Land Value: $118,900
  • Assessed Improvements Value: $74,400

    Sales

  • Current Sale Contract Date: Jan 03, 2019
  • Current Sale Recording Date: Jan 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2019005980
  • Previous Sale Recording Date: Mar 06, 2018
  • Previous Sale Contract Date: Jan 22, 2018
  • Previous Sale Amount: $151,000
  • Previous Sale Document Type: 64
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 49 White Swan Way, Brick, NJ, 08723

$3,250 /mo

  • 2 Beds
  • 2 Baths
49 White Swan Way, Brick, NJ, 08723 Listing by Maha Boutros
Unit for rent at 18 Brookfield Drive, BRICK, NJ, 08723

$3,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,634 ft²
18 Brookfield Drive, BRICK, NJ, 08723 Listing by Mina Macar

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21839762
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 513 Silverton Road built and last sold?
The property at 513 Silverton Road was built in 1929 and last sold on Jan 3, 2019 for $120,000.
How much is this home worth?
The estimated value of the home located at 513 Silverton Road is $126,250.
What are some comparable homes to 513 Silverton Road?
There are currently no comparable homes to 513 Silverton Road.
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