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Ocean
774 Downey Avenue
$420,000
● House - Off Market

774 Downey Avenue

Brick, NJ 08723
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,424 Ft²
$429,927
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Great location! Very close to marinas and only 3 miles from the beach! Tons of stores and shops close by.  This beautiful home is in move in condition with newer windows and floors. The kitchen was recently updated and is equipped with an eat in breakfast bar, stainless steel appliances and granite counter tops!  

Large backyard with new fence and gate. Ideal for entertaining, with plenty of space for everyone!

A portion of the garage has be converted into a bonus room, leaving a sizable amount of storage space, and can easily be converted back.

This exquisite home is a MUST SEE!     .
Unit Size
1,424 Ft²
Days on Market
-
Land Size
-
Price per sqft
$298
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1981

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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 #22209307)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by C21/ Action Plus Realty $425,000
Listed by C21/ Action Plus Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,424
  • Building Area: 1,424
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,424
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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 36.1
  • Account Number: 00312531
  • District: 07
  • Parcel: 07 00659-0000-00019
  • Block: 659
  • Lot: 19
  • Municipality: BRICK TWP
  • Latitude: 40.0486
  • Longitude: -74.1238

    Address

  • Full Address: 774 Downey Ave
  • Address - House Number: 774
  • Address - Street Name: Downey
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C044
  • 4-Digit Zip Code: 5361
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $578,613

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 435,066
  • High Value: 530,598
  • Low Value: 339,535

    Market Valuation

  • Market Total Value: $238,800
  • Market Land Value: $112,000
  • Market Improvement Value: $126,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,800
  • Assessed Land Value: $112,000
  • Assessed Improvements Value: $126,800

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 69801
  • Previous Sale Recording Date: Sep 15, 2000
  • Previous Sale Contract Date: Sep 08, 2000
  • Previous Sale Amount: $127,000
  • 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

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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 41 White Swan Way, Brick, NJ, 08723

$3,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,473 ft²
41 White Swan Way #19, Brick, NJ, 08723 Listing by Christine Visconti

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kristen N Aroneo, C21/ Action Plus Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22209307
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 774 Downey Avenue built and last sold?
The property at 774 Downey Avenue was built in 1981 and last sold on Jun 8, 2022 for $420,000.
How much is this home worth?
The estimated value of the home located at 774 Downey Avenue is $0.
What are some comparable homes to 774 Downey Avenue?
There are currently no comparable homes to 774 Downey Avenue.
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