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Ocean
737 Drum Point Road
$335,000
● House - Off Market

737 Drum Point Road

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,790 Ft²
$586,500
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Gorgeous one of a kind Waterfront Home. Just bring your boat! This home features a 50ft dock on a wide lagoon. Totally maintenance free brick paver patio, paver walkways, and rock landscaping. This Home boasts a 1st floor  bedroom suite and bath with sliders opening to the deck. Large updated open kitchen with an island with seating for 4. Open floor plan and a Gas fireplace in the living room area. 2nd story features a 2nd  master suite, and a 3rd bedroom and loft. This is truly a MUST SEE HOME.  Schedule your appointment today. Home is sold as is.
Unit Size
1,790 Ft²
Days on Market
-
Land Size
-
Price per sqft
$223
Property Type
House
Property Taxes
$779
HOA Dues
-
Year Built
1955

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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 #21913691)

Price History

Date / Event Date Event Price
Aug 22, 2019 Sold
Premium
Sold
Apr 4, 2019 Listed by Weichert Realtors-Pt.Pl.Beach $399,999
Listed by Weichert Realtors-Pt.Pl.Beach

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • 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: 1,791
  • Building Area: 1,791
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,791
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714200

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 24.1
  • Account Number: 00205076
  • District: 07
  • Parcel: 07 00264-0000-00055
  • Block: 264
  • Lot: 55
  • Municipality: BRICK TWP
  • Latitude: 40.0188
  • Longitude: -74.1042

    Address

  • Full Address: 737 Drum Point Rd
  • Address - House Number: 737
  • Address - Street Name: Drum Point
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Brick
  • Carrier Code: C054
  • 4-Digit Zip Code: 7507
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,006,272

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 682,452
  • High Value: 829,871
  • Low Value: 535,034

    Market Valuation

  • Market Total Value: $415,300
  • Market Land Value: $241,300
  • Market Improvement Value: $174,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $415,300
  • Assessed Land Value: $241,300
  • Assessed Improvements Value: $174,000

    Sales

  • Current Sale Contract Date: Aug 22, 2019
  • Current Sale Recording Date: Sep 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019085994
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

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4265 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 43 Topsail Road, Brick, NJ, 08723

$3,250 /mo

  • 3 Beds
  • 2 Baths
43 Topsail Road, Brick, NJ, 08723 Listing by Jeffrey Prontnicki
Unit for rent at 452 Marathon Court, NJ, 08735

$3,500 /mo

  • 4 Beds
  • 2 Baths
452 Marathon Court, NJ, 08735 Listing by Renee Vecchione

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kathryn A Fencik, Weichert Realtors-Pt.Pl.Beach
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21913691
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 737 Drum Point Road built and last sold?
The property at 737 Drum Point Road was built in 1955 and last sold on Aug 22, 2019 for $335,000.
How much is this home worth?
The estimated value of the home located at 737 Drum Point Road is $0.
What are some comparable homes to 737 Drum Point Road?
There are currently no comparable homes to 737 Drum Point Road.
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