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Ocean
731 Baltic Drive
$375,000
● House - Off Market

731 Baltic Drive

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$389,406
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Welcome Home to this cozy three bedroom ranch with a full finished basement great for additional entertaining. Plenty of room for a movie theater and game room.  This is a great opportunity to purchase in Brick, close to all restaurants and local businesses.  Private corner lot offering a maintenance free lot with a  fenced in backyard.  Schedule your private tour today.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$349
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1971

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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 #22230890)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Sep 30, 2022 Listed by Nest Seekers New Jersey LLC $369,000
Listed by Nest Seekers New Jersey LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,600
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000266
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 39.1
  • Account Number: 00412802
  • District: 07
  • Parcel: 07 00673- 18-00001
  • Block: 673.18
  • Lot: 1
  • Municipality: BRICK TWP
  • Latitude: 40.0577
  • Longitude: -74.1312

    Address

  • Full Address: 731 Baltic Dr
  • Address - House Number: 731
  • Address - Street Name: Baltic
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C077
  • 4-Digit Zip Code: 4203
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $567,951

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 408,030
  • High Value: 496,170
  • Low Value: 319,890

    Market Valuation

  • Market Total Value: $234,400
  • Market Land Value: $127,200
  • Market Improvement Value: $107,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,400
  • Assessed Land Value: $127,200
  • Assessed Improvements Value: $107,200

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 125372
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.24%

Average Days on Market

73

Average Home Size

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3005 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: Christen Sachs, Nest Seekers New Jersey LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22230890
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 731 Baltic Drive built and last sold?
The property at 731 Baltic Drive was built in 1971 and last sold on Nov 30, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 731 Baltic Drive is $371,242.
What are some comparable homes to 731 Baltic Drive?
There are currently no comparable homes to 731 Baltic Drive.
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