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Ocean
8 Toledo Drive
$735,000
● House - Off Market

8 Toledo Drive

Brick, NJ 08723
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,082 Ft²
$1,385,175
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Why pay the Island prices when you can have a Superior Home w/Spectacular Views of the Open Waters of Barnagat Bay AND be protected by Havens Cove! You will enjoy entertaining with your a fully-equipped Custom Solid Oak/Granite Wet Bar and step outside to your 53 x 23 Timbertrek  Deck, In-ground Pool & 90' Dock that will accommodate a 35' boat on an Electric Lift all with a Vinyl Bulkhead &  Riparian Grant! Open Contemporary Custom floor plan w/5 Spacious Bedrooms & 3 ½ Baths. One bedroom is on the first floor w/a full bath for guests. You will enjoy quiet times relaxing while you become mesmerized by the gorgeous Bay Views from the second level Family Room. Your 20 x 13' Master Bedroom Suite invites you through double doors, w/the Master Bath featuring a deep/wide Whirlpool. A Must See!
Unit Size
3,082 Ft²
Days on Market
126 days
Land Size
-
Price per sqft
$253
Property Type
House
Property Taxes
$1,383
HOA Dues
-
Year Built
1988

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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: 11 months ago (MOMLS #21507448)

Price History

Date / Event Date Event Price
Jul 8, 2015 Sold
Premium
Sold
Mar 4, 2015 Listed by RE/MAX Award Realtors $780,000
Listed by RE/MAX Award Realtors

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 5,009
  • Total Building Area: 3,082
  • Building Area: 3,082
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,082
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 14.18

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 714300

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 22.1
  • Account Number: 00104399
  • District: 07
  • Parcel: 07 00211- 18-00014
  • Block: 211.18
  • Lot: 14
  • Municipality: BRICK TWP
  • Latitude: 40.0243
  • Longitude: -74.0832

    Address

  • Full Address: 8 Toledo Dr
  • Address - House Number: 8
  • Address - Street Name: Toledo
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C041
  • 4-Digit Zip Code: 7656
  • Zip Code: 08723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,738,745

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,254,776
  • High Value: 1,497,570
  • Low Value: 1,011,982

    Market Valuation

  • Market Total Value: $717,600
  • Market Land Value: $400,000
  • Market Improvement Value: $317,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $717,600
  • Assessed Land Value: $400,000
  • Assessed Improvements Value: $317,600

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 70380
  • Previous Sale Recording Date: Sep 22, 2015
  • Previous Sale Contract Date: Jul 08, 2015
  • Previous Sale Amount: $735,000
  • 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

1598 ft²

Average Home Age

29.3 years

Currently For Sale

4418 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

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MOMMLS

Listed by: Teri Idarola Harley, RE/MAX Award Realtors
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 21507448
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 8 Toledo Drive built and last sold?
The property at 8 Toledo Drive was built in 1988 and last sold on May 12, 2022 for $995,000.
How much is this home worth?
The estimated value of the home located at 8 Toledo Drive is $787,800.
What are some comparable homes to 8 Toledo Drive?
There are currently no comparable homes to 8 Toledo Drive.
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