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Ocean 08724
577 Rhode Island Avenue
$243,500
● House - Off Market

577 Rhode Island Avenue

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,736 Ft²
$401,201
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Herbertsville area rancher with nice open floor plan . Open living room , kitchen and family room . Upgraded kitchen cabinets and recessed lighting .

Nice size lot with back deck . Minutes to schools , major shopping. Garage was converted to 4th bedroom - would make nice in -law suite . Curbed & sidewalks in neighborhood
Unit Size
1,736 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$144
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1968

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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 #21702261)

Price History

Date / Event Date Event Price
Jun 12, 2017 Sold
Premium
Sold
Jan 19, 2017 Listed by Real Estate, LTD $249,900
Listed by Real Estate, LTD

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 4
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L44-46

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69.1
  • Account Number: 00726702
  • District: 07
  • Parcel: 07 01407- 06-00043
  • Block: 1407.06
  • Lot: 43
  • Municipality: BRICK TWP
  • Latitude: 40.1094
  • Longitude: -74.1244

    Address

  • Full Address: 577 Rhode Island Ave
  • Address - House Number: 577
  • Address - Street Name: Rhode Island
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: R001
  • 4-Digit Zip Code: 1250
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $615,457

    Appraisal Valuation

  • Standard Deviation: 0.2661
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 509,188
  • High Value: 644,731
  • Low Value: 373,645

    Market Valuation

  • Market Total Value: $250,900
  • Market Land Value: $130,500
  • Market Improvement Value: $120,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,900
  • Assessed Land Value: $130,500
  • Assessed Improvements Value: $120,400

    Sales

  • Current Sale Contract Date: May 17, 2017
  • Current Sale Recording Date: Jun 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017065537
  • Previous Sale Recording Date: Jan 13, 2003
  • Previous Sale Contract Date: Dec 02, 2002
  • Previous Sale Amount: $242,900
  • Previous Sale Document Type: 27

    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:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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: Gina Troncone, Real Estate, LTD
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21702261
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 577 Rhode Island Avenue built and last sold?
The property at 577 Rhode Island Avenue was built in 1968 and last sold on May 17, 2017 for $243,500.
How much is this home worth?
The estimated value of the home located at 577 Rhode Island Avenue is $0.
What are some comparable homes to 577 Rhode Island Avenue?
There are currently no comparable homes to 577 Rhode Island Avenue.
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