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Union Beach 07735
601 Lorillard Avenue
$250,000
● House - Off Market

601 Lorillard Avenue

Union Beach, NJ 07735
bedrooms
4 Beds
bathrooms
2 Baths
$409,623
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

SO MUCH HOUSE FOR THE PRICE!!!  COME SEE THIS 4 BEDROOM 2 FULL BATH RANCH IN UPCOMING UNION BEACH COMMUNITY!  NO FLOOD INSURANCE OR LIFTING REQUIRED.  HOME HAS LARGE BRIGHT EAT-IN KITCHEN, MASTER BEDROOM WITH UPDATED BATHROOM.  HOME HAS 3 ZONE HEAT AND IS LARGE ENOUGH FOR A GROWING FAMILY.  LOCATED ON A PRIVATE STREET ENHANCES THIS HOME'S PRIVATE BACKYARD WHICH IS GREAT FOR ENTERTAINING.  MAKE YOUR APPOINTMENT TODAY!!!
Unit Size
-
Days on Market
143 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21827214)

Price History

Date / Event Date Event Price
Nov 30, 2018 Sold
Premium
Sold
Jul 10, 2018 Listed by RE/MAX Imperial $269,900
Listed by RE/MAX Imperial

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,945
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Union Beach Borough School District
  • Census Tract: 801800

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: TAX MAP 29
  • Account Number: 2140
  • District: 50
  • Parcel: 50 00203-0000-00013
  • Block: 203
  • Lot: 13
  • Municipality: UNION BEACH BORO
  • Latitude: 40.4452
  • Longitude: -74.1678

    Address

  • Full Address: 601 Lorillard Ave
  • Address - House Number: 601
  • Address - Street Name: Lorillard
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 3115
  • Zip Code: 07735

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $837,810

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 463,606
  • High Value: 550,114
  • Low Value: 377,097

    Market Valuation

  • Market Total Value: $391,500
  • Market Land Value: $136,600
  • Market Improvement Value: $254,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $391,500
  • Assessed Land Value: $136,600
  • Assessed Improvements Value: $254,900

    Sales

  • Current Sale Contract Date: Nov 30, 2018
  • Current Sale Recording Date: Dec 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018120287
  • Previous Sale Recording Date: Nov 05, 2002
  • Previous Sale Contract Date: Sep 23, 2002
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 27
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 Union Beach

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$350

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1394 ft²

Average Home Age

63.5 years

Currently For Sale

66 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 19 Gregory Street, Hazlet, NJ, 07730

$4,250 /mo

  • 4 Beds
  • 2 Baths
19 Gregory Street, Hazlet, NJ, 07730 Listing by DEBORAH F. RATCLIFF

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Laura Piccinich, RE/MAX Imperial
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21827214
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 601 Lorillard Avenue built and last sold?
The property at 601 Lorillard Avenue was built in 1940 and last sold on Nov 30, 2018 for $250,000.
How much is this home worth?
The estimated value of the home located at 601 Lorillard Avenue is $272,599.
What are some comparable homes to 601 Lorillard Avenue?
There are currently no comparable homes to 601 Lorillard Avenue.
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