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Ocean 08724
720 Flagge Road
$250,000
● House - Off Market

720 Flagge Road

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,550 Ft²
$493,619
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model

About This Property

Nice rancher on corner lot.  Family room with built in shelves, living room with gas fireplace. Modern kitchen with gas stove, dishwasher and refrigerator included.  home features sun room off dinning area, built in pool, sauna, wood deck, patio and large shed.  Sought after section of Brick on Howell Line-Walk to Brick reservoir for that morning walk!!
Unit Size
1,550 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1970

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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: 3 years ago (MOMLS #21528701)

Price History

Date / Event Date Event Price
Jan 8, 2016 Sold
Premium
Sold
Jul 23, 2015 Listed by Raymond Brooks Realty, Inc. $278,500
Listed by Raymond Brooks Realty, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,324
  • Total Building Area: 1,526
  • Building Area: 1,526
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,526
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713201

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 70.1
  • Account Number: 00727337
  • District: 07
  • Parcel: 07 01422- 30-00001
  • Block: 1422.30
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.1192
  • Longitude: -74.1157

    Address

  • Full Address: 720 Flagge Rd
  • Address - House Number: 720
  • Address - Street Name: Flagge
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: R002
  • 4-Digit Zip Code: 1104
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $686,594

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 512,346
  • High Value: 621,776
  • Low Value: 402,915

    Market Valuation

  • Market Total Value: $279,900
  • Market Land Value: $131,700
  • Market Improvement Value: $148,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,900
  • Assessed Land Value: $131,700
  • Assessed Improvements Value: $148,200

    Sales

  • Current Sale Contract Date: Dec 26, 2015
  • Current Sale Recording Date: Jan 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016003075
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 1114 Sawmill Road, Brick, NJ, 08724

$3,090 /mo

  • 3 Beds
  • 1 Bath
1114 Sawmill Road #141, Brick, NJ, 08724 Listing by Dinamarie DuBois

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Raymond L Brooks, Raymond Brooks Realty, Inc.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21528701
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 720 Flagge Road built and last sold?
The property at 720 Flagge Road was built in 1970 and last sold on Dec 26, 2015 for $250,000.
How much is this home worth?
The estimated value of the home located at 720 Flagge Road is $0.
What are some comparable homes to 720 Flagge Road?
There are currently no comparable homes to 720 Flagge Road.
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