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Ocean 08724
525 Ernestine Place
$450,500
● House - Off Market

525 Ernestine Place

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$710,833
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

WELCOME TO A BEAUTIFUL COLONIAL LOCATED IN THE MIDSTREAMS AREA OF BRICK. INVITING WRAP AROUND FRONT PORCH,SPACIOUS FOYER,HARDWOOD FLOORING, 9'CEILINGS, ON THE FIRST FLOOR OFFERS OPEN FLOOR PLAN.  EAT IN KITCHEN WITH 42'' CABINETS, GRANITE COUNTER TOPS, SS APPLIANCES. FAMILY ROOM OFFERS WOOD BURNING FIREPLACE. FORMAL DINING ROOM AND LIVING ROOM. SPACIOUS BEDROOMS WITH PLENTY OF CLOSET SPACE. MASTER BEDROOM WITH ENSUITE MASTER BATHROOM AND WALK IN CLOSET. 2 CAR GARAGE. 2 ZONE FORCED HOT AIR AND CENTRAL AIR.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$762
HOA Dues
-
Year Built
2007

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: 2 years ago (MOMLS #21817806)

Price History

Date / Event Date Event Price
Sep 21, 2018 Sold
Premium
Sold
May 5, 2018 Listed by Weichert Realtors-Brick $469,900
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 8,651
  • Total Building Area: 2,385
  • Building Area: 2,385
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,385
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDSTREAM
  • Land Acres: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L25,26

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713700

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 53.1
  • Account Number: 00517701
  • District: 07
  • Parcel: 07 00955- 01-00024
  • Block: 955.01
  • Lot: 24
  • Municipality: BRICK TWP
  • Latitude: 40.0605
  • Longitude: -74.0901

    Address

  • Full Address: 525 Ernestine Pl
  • Address - House Number: 525
  • Address - Street Name: Ernestine
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C011
  • 4-Digit Zip Code: 4611
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,034,008

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 760,079
  • High Value: 918,615
  • Low Value: 601,542

    Market Valuation

  • Market Total Value: $423,600
  • Market Land Value: $166,600
  • Market Improvement Value: $257,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,600
  • Assessed Land Value: $166,600
  • Assessed Improvements Value: $257,000

    Sales

  • Current Sale Contract Date: Sep 21, 2018
  • Current Sale Recording Date: Oct 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018097282
  • Previous Sale Recording Date: Dec 31, 2007
  • Previous Sale Contract Date: Dec 07, 2007
  • Previous Sale Amount: $450,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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

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MOMMLS

Listed by: Roxanne Morales, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21817806
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 525 Ernestine Place built and last sold?
The property at 525 Ernestine Place was built in 2007 and last sold on Sep 21, 2018 for $450,500.
How much is this home worth?
The estimated value of the home located at 525 Ernestine Place is $0.
What are some comparable homes to 525 Ernestine Place?
There are currently no comparable homes to 525 Ernestine Place.
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