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Ocean
624 Preston Street
$481,000
● House - Off Market

624 Preston Street

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,724 Ft²
$427,829
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

HIGHEST & BEST due Wednesday 6/21 by noon. This fixer upper has a great outside and some good bones. Outside you will find a lush lawn, multi level decking, sprinklers on a well, a paver driveway and patio. Inside there are vinyl windows throughout, wood burning stove, very large 3 season room, 3 bedrooms with ceiling fans, 2 full baths and the kitchen is open to the dining room. Skylights in kitchen & bathroom seem to be in good shape. The home is dated an needs updating. Hardwoods are under the carpet on the second floor. Water heater (2017) and furnace (2003) were installed without permits as is central air. Seller will not get the permits. Strictly selling ''AS IS'' and is priced accordingly. All appliances are included.
Unit Size
1,724 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$249
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1970

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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 #22315894)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 12, 2023 Listed by C21/ Solid Gold Realty $429,000
Listed by C21/ Solid Gold Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • 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: 2
  • 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: 1,724
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,724
  • 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: 00103056
  • District: 07
  • Parcel: 07 00194- 14-00008
  • Block: 194.14
  • Lot: 8
  • Municipality: BRICK TWP
  • Latitude: 40.0374
  • Longitude: -74.1017

    Address

  • Full Address: 624 Preston St
  • Address - House Number: 624
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Brick
  • Carrier Code: C029
  • 4-Digit Zip Code: 6430
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $708,970

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 526,609
  • High Value: 640,363
  • Low Value: 412,855

    Market Valuation

  • Market Total Value: $292,600
  • Market Land Value: $131,900
  • Market Improvement Value: $160,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,600
  • Assessed Land Value: $131,900
  • Assessed Improvements Value: $160,700

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 61592
  • Previous Sale Recording Date: Jul 25, 1991
  • Previous Sale Contract Date: Jul 25, 1991
  • Previous Sale Document Type: 55
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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 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 30 Channel Road, Toms River, NJ, 08753

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,616 ft²
30 Channel Road, Toms River, NJ, 08753 Listing by Leigha M Gullotta-Jackson
Unit for rent at 39 Green Island Road, Toms River, NJ, 08753

$3,700 /mo

  • 3 Beds
  • 2 Baths
39 Green Island Road, Toms River, NJ, 08753 Listing by Issa Y Jordan

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Ball, C21/ Solid Gold Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22315894
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 624 Preston Street built and last sold?
The property at 624 Preston Street was built in 1970 and last sold on Jul 25, 2023 for $481,000.
How much is this home worth?
The estimated value of the home located at 624 Preston Street is $0.
What are some comparable homes to 624 Preston Street?
There are currently no comparable homes to 624 Preston Street.
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