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Ocean 08724
579 Princeton Avenue
$850,000
● Land - Off Market

579 Princeton Avenue

Brick, NJ 08724
bedrooms
Studio
bathrooms
0 Bath
$1,362,734
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Lot with 50ft water frontage on the Magnificent Metedeconk River!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,561
HOA Dues
-
Year Built
-

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: 3 years ago (MOMLS #21811621)

Price History

Date / Event Date Event Price
Jun 5, 2018 Sold
Premium
Sold
Mar 27, 2018 Listed by Childers Sotheby's Intl Realty $899,000
Listed by Childers Sotheby's Intl Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,750
  • Lot Size Depth Feet: 2,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 6.01

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713100

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 51.2
  • Account Number: 00521864
  • District: 07
  • Parcel: 07 00924-0000-00006
  • Block: 924
  • Lot: 6
  • Municipality: BRICK TWP
  • Latitude: 40.0568
  • Longitude: -74.0842

    Address

  • Full Address: 579 Princeton Ave
  • Address - House Number: 579
  • Address - Street Name: Princeton
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,074,850

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 1,364,536
  • High Value: 1,622,987
  • Low Value: 1,106,085

    Market Valuation

  • Market Total Value: $850,000
  • Market Land Value: $831,400
  • Market Improvement Value: $18,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $850,000
  • Assessed Land Value: $831,400
  • Assessed Improvements Value: $18,600

    Sales

  • Current Sale Contract Date: May 31, 2018
  • Current Sale Recording Date: Jul 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018072162
  • Previous Sale Recording Date: May 05, 2011
  • Previous Sale Contract Date: Apr 20, 2011
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: VAR
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

0.23%

Average Days on Market

74

Average Home Size

1596 ft²

Average Home Age

35.1 years

Currently For Sale

2969 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: Aileen Starkey-Casalino, Childers Sotheby's Intl Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21811621
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 579 Princeton Avenue built and last sold?
The property at 579 Princeton Avenue was built in and last sold on May 31, 2018 for $850,000.
How much is this home worth?
The estimated value of the home located at 579 Princeton Avenue is $0.
What are some comparable homes to 579 Princeton Avenue?
There are currently no comparable homes to 579 Princeton Avenue.
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