$297,500
●
Property -
Off Market
8 Phillips Road
Brick, NJ 08724
Studio
2 Baths,
1
Half Bath
1,024 Ft²
$1,952
Est. Monthly
$155
HOA / Fees
4.01%
Cap Rate
About This Property
Enjoy the 55 + Community of GREENBRIAR I.
2 bedroom 1.5 bath Cypress Model. Newer sliding door off Living rm to covered patio. Attached garage with storage area and direct entry to home. This community offers amenities galore such as: active clubhouse offering exercise rooms; workshop; library; 2 pools; golf course; bocci, pickle ball . Plenty of classes & clubs and so much more. Close to Shopping, Restaurants, GSP, Beaches & Marinas.
2 bedroom 1.5 bath Cypress Model. Newer sliding door off Living rm to covered patio. Attached garage with storage area and direct entry to home. This community offers amenities galore such as: active clubhouse offering exercise rooms; workshop; library; 2 pools; golf course; bocci, pickle ball . Plenty of classes & clubs and so much more. Close to Shopping, Restaurants, GSP, Beaches & Marinas.
Unit Size
1,024 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$312
Property Type
Property
Property Taxes
$226
HOA Dues
$155
Year Built
1973
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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 #22500158)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Listed by Keller Williams Realty Spring Lake | $319,900 | |
| Listed by Keller Williams Realty Spring Lake | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Driveway, Direct Access
Garage Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Interior Features: Sliding Door
Flooring Type: Vinyl, Ceramic Tile, Other
None
Exterior Details
Year Built: 1973
Parcel Number: 07-01192-21-00021
Inclusions: Outdoor Lighting, Washer, Ceiling Fan(s), Dishwasher, Dryer, Stove, Refrigerator, Garage Door Opener
Exterior Features: Patio, Porch - Covered
Roof: Shingle
Architectural Style: Detached
Pool Features: In Ground
Lot Size Dimensions: 50 x 100
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $103,700
Tax Year: 2024
Tax Annual Amount: $2,707
Association Fee Includes: Common Area, Community Bus, Lawn Maintenance, Snow Removal
Association Amenities: Other - See Remarks, Association, Exercise Room, Shuffleboard, Community Room, Swimming, Pool, Clubhouse, Common Area, Bocci
Association Fee: $155
Association Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Solar, Baseboard
Sewer Information: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/02/2025
| |
2 Bed
|
2 Bath
|
1024 ft²
|
$465,000
2 Bed
2 Bath
1024 ft²
|
$435,000
-6.45%
01/02/2026
|
Montgomery Smith
Weichert Realtors-Old Bridge
|
|
01/02/2025
| |
Loft
|
2 Bath
|
1024 ft²
|
$319,900
Loft
2 Bath
1024 ft²
|
$297,500
-7.00%
03/31/2025
|
Suzanne Bavaro
RE/MAX First Realty
|
Building Info
About Ocean
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Listed by: Suzanne E Bavaro, Keller Williams Realty Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22500158
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22500158
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