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Ocean 08724
64 Melody Avenue
$345,000
● House - Off Market

64 Melody Avenue

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,858 Ft²
$680,242
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Looking for the WOW Factor? This 3 Bedrm, 2 Bath Ranch home w/full basemt & one car garage has it all & is located on a dead end street. Custom, Gourmet Eat in Kitchen w/Stainless Steel Appliances, Maple Cabinets, Vaulted Ceiling & French Doors that open to the newly added Sun Room. Sun room has Vaulted Ceiling, Gas Fireplace & French Doors that lead to large deck and beautiful landscaped backyard. Wide Plank, white washed oak floors & recessed lighting throughout the home. Finished Play Room.
Unit Size
1,858 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$188
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1976

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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 #21316316)

Price History

Date / Event Date Event Price
Jul 19, 2013 Sold
Premium
Sold
May 10, 2013 Listed by Weichert Realtors-Brick $349,000
Listed by Weichert Realtors-Brick

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 390
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,900
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,858
  • Building Area: 1,858
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,858
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L6

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713300

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 44.3
  • Account Number: 00520554
  • District: 07
  • Parcel: 07 01175-0000-00005
  • Block: 1175
  • Lot: 5
  • Municipality: BRICK TWP
  • Latitude: 40.082
  • Longitude: -74.1355

    Address

  • Full Address: 64 Melody Ave
  • Address - House Number: 64
  • Address - Street Name: Melody
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C079
  • 4-Digit Zip Code: 8117
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $696,418

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 573,434
  • High Value: 684,391
  • Low Value: 462,477

    Market Valuation

  • Market Total Value: $285,300
  • Market Land Value: $131,500
  • Market Improvement Value: $153,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $285,300
  • Assessed Land Value: $131,500
  • Assessed Improvements Value: $153,800

    Sales

  • Current Sale Contract Date: Jul 18, 2013
  • Current Sale Recording Date: Jul 24, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013079455
  • Previous Sale Recording Date: Feb 06, 2007
  • Previous Sale Contract Date: Jan 29, 2007
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 12
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

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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 18 Arlyn Drive, Howell, NJ, 07731

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,280 ft²
18 Arlyn Drive, Howell, NJ, 07731 Listing by Danielle Petrocelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Karen Gallini, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21316316
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 64 Melody Avenue built and last sold?
The property at 64 Melody Avenue was built in 1976 and last sold on Jul 18, 2013 for $345,000.
How much is this home worth?
The estimated value of the home located at 64 Melody Avenue is $365,772.
What are some comparable homes to 64 Melody Avenue?
There are currently no comparable homes to 64 Melody Avenue.
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