Ocean
6 Ritchie Court
$635,000
●
House -
Off Market
6 Ritchie Court
Brick, NJ 08723
4 Beds
2 Baths
1,881 Ft²
$946,395
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
In August of 1963 the father of the current owner purchased this
Shore Acres home that has Spectacular bay views. In September of
1977 they added an addition. Superstorm Sandy caused substantial
damage. Today the home sits raised ,renovated and move in ready.
The homes staging furnishings are available to purchase. The
open floor plan and corner lagoon lot provide a water view from
every room! For the boater there is quick easy access to open
water. A long bulkhead can accommodate boats, jet skis , or a spot
to crab. This home provides beautiful views of the Bay. It is
situated at the end of Drum Point Road on a cul-de-sac. The large
deck is perfect for relaxing or entertaining. This is an
opportunity to affordably own a million $ view
Unit Size
1,881 Ft²
Days on Market
-
Land Size
-
Price per sqft
$359
Property Type
House
Property Taxes
$891
HOA Dues
-
Year Built
1960
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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 #22001318)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed by Keller Williams Realty - Cherry Hill | $675,000 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
| | |||
|
In 1963 the father of the current owners purchased this Shore Acres home. He was smitten by the spectacular bay views. In Sept.1977 they added an addition. Superstorm Sandy caused damage. Today this home sits raised, renovated and move in ready. The open floor plan and corner lagoon lot provide a water view from almost every room! If the new buyer desires the full open attic with stairway access provides endless possibilities for finishing. The large deck is perfect for relaxing or entertaining. For the boater there is quick easy access to open water. A long bulkhead can accommodate boats, jet skis , or a spot to crab. There are amazing sunrise and sunset views and a short easy drive to the ocean. Call today to schedule a tour!
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
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Currently no similar homes aroundNearby Rentals
Listed by: Marianne Twist, Keller Williams Realty Cherry Hill
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22001318
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.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22001318
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