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Ocean
605 Peter Place
$400,000
● House - Off Market

605 Peter Place

Brick, NJ 08723
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,988 Ft²
$423,444
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Spacious 5 bedroom, 2 bath bi-level in the sought after area of Osbornville. Surrounded by well kept homes and wonderful schools, this home has a lot of potential. Set up as a mother/daughter, the downstairs offers a separate entrance with 2 bedrooms, living area, full bathroom and kitchen. Upstairs has 3 additional bedrooms, living area, kitchen, dining area and full bathroom. This oversized property offers plenty of space for a pool and outdoor entertaining. Great for a family ready to make this home their own, or a great opportunity for contractors or investors! Home is sold strictly as-is.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$201
Property Type
House
Property Taxes
$539
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 #22235982)

Price History

Date / Event Date Event Price
Jan 10, 2023 Sold
Premium
Sold
Nov 23, 2022 Listed by Berkshire Hathaway HomeServices Fox & Roach - Toms River $400,000
Listed by Berkshire Hathaway HomeServices Fox & Roach - Toms River

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,996
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 840
  • Total Building Area: 1,988
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000229
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714300

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 18.1
  • Account Number: 00103064
  • District: 07
  • Parcel: 07 00194- 14-00016
  • Block: 194.14
  • Lot: 16
  • Municipality: BRICK TWP
  • Latitude: 40.0366
  • Longitude: -74.1028

    Address

  • Full Address: 605 Peter Pl
  • Address - House Number: 605
  • Address - Street Name: Peter
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Brick
  • Carrier Code: C029
  • 4-Digit Zip Code: 6423
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $660,995

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 510,394
  • High Value: 620,645
  • Low Value: 400,142

    Market Valuation

  • Market Total Value: $272,800
  • Market Land Value: $131,900
  • Market Improvement Value: $140,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,800
  • Assessed Land Value: $131,900
  • Assessed Improvements Value: $140,900

    Sales

  • Current Sale Contract Date: Dec 22, 2022
  • Current Sale Recording Date: Jan 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6312
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

73

Average Home Size

1578 ft²

Average Home Age

32.4 years

Currently For Sale

3049 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 46 Longpoint Drive, Brick, NJ, 08723

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,224 ft²
46 Longpoint Drive, Brick, NJ, 08723 Listing by Cynthia Makowski Fagan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Giovine, Berkshire Hathaway HomeServices Fox & Roach - Toms River
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22235982
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 605 Peter Place built and last sold?
The property at 605 Peter Place was built in 1968 and last sold on Dec 22, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 605 Peter Place is $404,000.
What are some comparable homes to 605 Peter Place?
There are currently no comparable homes to 605 Peter Place.
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