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Ocean 08724
564 Herbert Lane
$300,000
● House - Off Market

564 Herbert Lane

Brick, NJ 08724
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,164 Ft²
$536,711
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

This is a Fannie Mae HomePath property. This home is located on a 2 acre lot on a quiet rural dead end street with an incredibly easy connection to major work areas north and west of the site. Commuter parking for public transportation is nearby for people commuting to Manhattan for employment. Spacious open floor plan updated kitchen cabinets formal dining and open great room with dining area. Hardwood floors thru-out much of the house. Properties rarely become available on this street. See it today.
Unit Size
3,164 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
House
Property Taxes
$944
HOA Dues
-
Year Built
1950

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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 #21613981)

Price History

Date / Event Date Event Price
Dec 8, 2016 Sold
Premium
Sold
Apr 11, 2016 Listed by Diane Turton, Realtors-Point Pleasant Boro $319,000
Listed by Diane Turton, Realtors-Point Pleasant Boro

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 5
  • 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: 1,558
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 3,164
  • Building Area: 3,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,164
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713202

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 69
  • Account Number: 00726965
  • District: 07
  • Parcel: 07 01421-0000-00033
  • Block: 1421
  • Lot: 33
  • Municipality: BRICK TWP
  • Latitude: 40.1135
  • Longitude: -74.1145

    Address

  • Full Address: 564 Herbert Ln
  • Address - House Number: 564
  • Address - Street Name: Herbert
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 1001
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,078,584

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 782,462
  • High Value: 930,384
  • Low Value: 634,540

    Market Valuation

  • Market Total Value: $439,700
  • Market Land Value: $200,000
  • Market Improvement Value: $239,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,700
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $239,700

    Sales

  • Current Sale Contract Date: Dec 06, 2016
  • Current Sale Recording Date: Mar 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017023330
  • Previous Sale Recording Date: Sep 23, 2015
  • Previous Sale Contract Date: Aug 10, 2015
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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: Bonnie R Schall, Diane Turton, Realtors-Point Pleasant Boro
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21613981
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 564 Herbert Lane built and last sold?
The property at 564 Herbert Lane was built in 1950 and last sold on Dec 6, 2016 for $300,000.
How much is this home worth?
The estimated value of the home located at 564 Herbert Lane is $0.
What are some comparable homes to 564 Herbert Lane?
There are currently no comparable homes to 564 Herbert Lane.
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