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Ocean
63 E Lagoona Drive
$320,000
● House - Off Market

63 E Lagoona Drive

Brick, NJ 08723
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,256 Ft²
$477,014
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Lagoon Front Living**Immaculate ** Spacious Eat In Kitchen Great for Entertaining, Large Breakfast Counter, Granite Countertops.  Sunken family room. Possible Build Out for 2nd Fl.

Expansive multi-level Deck w/ Gazebo, rear landscaping includes Koi Pond and waterfall feature. Storage Shed, front and rear yards are very low maintenance.  Dock is approx. 6' x 50'. E. Lagoona Dr. is located on Dead End /Cul de Sac.  Can accommodate fast closing. Twp says house was substantially damaged-Buyer to use due diligence.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$299
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1960

Payment Calculator

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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 #22035528)

Price History

Date / Event Date Event Price
Feb 18, 2021 Sold
Premium
Sold
Oct 2, 2020 Listed by Real Estate, LTD $375,000
Listed by Real Estate, LTD

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,256
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 21.3
  • Account Number: 00103753
  • District: 07
  • Parcel: 07 00210- 10-00012
  • Block: 210.10
  • Lot: 12
  • Municipality: BRICK TWP
  • Latitude: 40.0249
  • Longitude: -74.0901

    Address

  • Full Address: 63 E Lagoona Dr
  • Address - House Number: 63
  • Street Direction: E
  • Address - Street Name: Lagoona
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C041
  • 4-Digit Zip Code: 7642
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,839

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 521,089
  • High Value: 633,651
  • Low Value: 408,527

    Market Valuation

  • Market Total Value: $300,800
  • Market Land Value: $206,000
  • Market Improvement Value: $94,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,800
  • Assessed Land Value: $206,000
  • Assessed Improvements Value: $94,800

    Sales

  • Current Sale Contract Date: Feb 11, 2021
  • Current Sale Recording Date: Feb 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021027900
  • Previous Sale Recording Date: Dec 23, 2010
  • Previous Sale Contract Date: Nov 29, 2010
  • Previous Sale Amount: $350,500
  • 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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1600 ft²

Average Home Age

29.8 years

Currently For Sale

4604 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 328 Maria Drive, Toms River, NJ, 08753

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,122 ft²
328 Maria Drive, Toms River, NJ, 08753 Listing by Marie Caponetto
Unit for rent at 256 Mantoloking Road, Brick, NJ, 08723

$2,500 /mo

  • 2 Beds
  • 2 Baths
256 Mantoloking Road #1A, Brick, NJ, 08723 Listing by Candace Golembeski

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Janet P Strzalkowski, Real Estate, LTD
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22035528
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 63 East Lagoona Drive built and last sold?
The property at 63 East Lagoona Drive was built in 1960 and last sold on Feb 11, 2021 for $320,000.
How much is this home worth?
The estimated value of the home located at 63 East Lagoona Drive is $0.
What are some comparable homes to 63 East Lagoona Drive?
There are currently no comparable homes to 63 East Lagoona Drive.
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