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Ocean
705 Marys Drive
$205,000
● House - Off Market

705 Marys Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,200 Ft²
$388,676
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Great starter home that is much larger then it appears. This lovely home has Eat in kitchen with newer appliances including double gas s/s convection oven and pantry, built in office space, new bathrooms, appliances, new roof, new windows, New hybrid high efficiency furnace and new hybrid water heater. Saves big money on utilities. Open and airy front porch, large deck, gas line for grill and yard is fully fenced. Shed is the size of a garage, built for big storage. Close to beaches,stores and NOT in a flood zone (X zone per FEMA maps).
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$179
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1975

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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 #21434465)

Price History

Date / Event Date Event Price
Apr 2, 2015 Sold
Premium
Sold
Aug 25, 2014 Listed by Gloria Nilson & Co. Real Estate $215,000
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • 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: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: L4

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713900

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 39.1
  • Account Number: 00412785
  • District: 07
  • Parcel: 07 00673- 17-00003
  • Block: 673.17
  • Lot: 3
  • Municipality: BRICK TWP
  • Latitude: 40.0572
  • Longitude: -74.132

    Address

  • Full Address: 705 Marys Dr
  • Address - House Number: 705
  • Address - Street Name: Marys
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C077
  • 4-Digit Zip Code: 4213
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,817

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 395,918
  • High Value: 472,526
  • Low Value: 319,309

    Market Valuation

  • Market Total Value: $219,900
  • Market Land Value: $130,000
  • Market Improvement Value: $89,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,900
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $89,900

    Sales

  • Current Sale Contract Date: Apr 02, 2015
  • Current Sale Recording Date: Apr 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2015034809
  • Previous Sale Recording Date: Jun 10, 2011
  • Previous Sale Contract Date: May 31, 2011
  • Previous Sale Amount: $163,000
  • 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 Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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 305 Spirit Way, Brick, NJ, 08723

$3,600 /mo

  • 3 Beds
  • 3 Baths
  • 1,706 ft²
305 Spirit Way, Brick, NJ, 08723 Listing by Lisa M Smith
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lisa Ball, Gloria Nilson & Co. Real Estate
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21434465
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 705 Marys Drive built and last sold?
The property at 705 Marys Drive was built in 1975 and last sold on Apr 2, 2015 for $205,000.
How much is this home worth?
The estimated value of the home located at 705 Marys Drive is $0.
What are some comparable homes to 705 Marys Drive?
There are currently no comparable homes to 705 Marys Drive.
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