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Ocean 08724
581 Karen Lane
$424,900
● House - Off Market

581 Karen Lane

Brick, NJ 08724
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,738 Ft²
$448,397
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This beautiful 5 Bed 2 Bath bi level located on a cul de sac, in one of Brick's best neighborhoods is what you've been waiting for! This home boasts an updated kitchen with granite countertops, brand new bathroom, recessed lights, hardwood floors throughout, new hot water heater,  and the perfect amount of living space. Large patio for outdoor entertaining in your private backyard. The spacious layout, oversized lot, in a spectacular neighborhood make this home a can't miss. Close to the beaches and GSP. This home will not disappoint!
Unit Size
1,738 Ft²
Days on Market
82 days
Land Size
0.18 acres
Price per sqft
$244
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1963

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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: 13 months ago (MOMLS #22226138)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Aug 17, 2022 Listed by Keller Williams Realty West Monmouth $424,900
Listed by Keller Williams Realty West Monmouth

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,738
  • Building Area: 1,738
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,738
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 69.1
  • Account Number: 00726592
  • District: 07
  • Parcel: 07 01404- 03-00127
  • Block: 1404.03
  • Lot: 127
  • Municipality: BRICK TWP
  • Latitude: 40.1108
  • Longitude: -74.1221

    Address

  • Full Address: 581 Karen Ln
  • Address - House Number: 581
  • Address - Street Name: Karen
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Brick
  • Carrier Code: R001
  • 4-Digit Zip Code: 1215
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,513

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 468,693
  • High Value: 568,799
  • Low Value: 368,586

    Market Valuation

  • Market Total Value: $239,100
  • Market Land Value: $129,000
  • Market Improvement Value: $110,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,100
  • Assessed Land Value: $129,000
  • Assessed Improvements Value: $110,100

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Jan 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 6515
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

Unit for rent at 504 4th Avenue, Brick, NJ, 08724

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,414 ft²
504 4th Avenue, Brick, NJ, 08724 Listing by Patricia A Clark

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Brad Gardner, Keller Williams Realty West Monmouth
Last Updated: 13 months ago
Data Source: MOMMLS, MLS# 22226138
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 581 Karen Lane built and last sold?
The property at 581 Karen Lane was built in 1963 and last sold on Oct 21, 2022 for $425,000.
How much is this home worth?
The estimated value of the home located at 581 Karen Lane is $0.
What are some comparable homes to 581 Karen Lane?
There are currently no comparable homes to 581 Karen Lane.
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