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Ocean
531 Baxter Street
$245,000
● House - Off Market

531 Baxter Street

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,226 Ft²
$456,736
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

PERFECT- Whether you are looking for your first home or want to downsize move right into this updated 3 bedroom ranch boasting new kitchen with granite countertops, tile flooring, and updated bath with Jacuzzi tub. Open floor plan! Large fenced in yard with sprinklers on its own well. Quiet residential neighborhood close to schools, shops and restaurants.Home to be sold in ''as is'' condition. Asking $255,000
Unit Size
1,226 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1985

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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 #21440629)

Price History

Date / Event Date Event Price
May 8, 2015 Sold
Premium
Sold
Oct 9, 2014 Listed by Diane Turton, Realtors-Wall $255,000
Listed by Diane Turton, Realtors-Wall

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,372
  • Total Building Area: 1,226
  • Building Area: 1,226
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,226
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • 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 37.1
  • Account Number: 00104343
  • District: 07
  • Parcel: 07 00190- 04-00009
  • Block: 190.04
  • Lot: 9
  • Municipality: BRICK TWP
  • Latitude: 40.0416
  • Longitude: -74.1074

    Address

  • Full Address: 531 Baxter St
  • Address - House Number: 531
  • Address - Street Name: Baxter
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Brick
  • Carrier Code: C029
  • 4-Digit Zip Code: 6433
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $597,512

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 453,636
  • High Value: 553,850
  • Low Value: 353,421

    Market Valuation

  • Market Total Value: $246,600
  • Market Land Value: $132,700
  • Market Improvement Value: $113,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,600
  • Assessed Land Value: $132,700
  • Assessed Improvements Value: $113,900

    Sales

  • Current Sale Contract Date: May 08, 2015
  • Current Sale Recording Date: Jun 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015056554
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joanne Botwinick, Diane Turton, Realtors-Wall
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21440629
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 531 Baxter Street built and last sold?
The property at 531 Baxter Street was built in 1985 and last sold on May 8, 2015 for $245,000.
How much is this home worth?
The estimated value of the home located at 531 Baxter Street is $265,047.
What are some comparable homes to 531 Baxter Street?
There are currently no comparable homes to 531 Baxter Street.
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