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Ocean 08724
81 Oakland Drive
$650,000
● House - Off Market

81 Oakland Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,448 Ft²
$3,416
Est. Monthly
6.07%
Cap Rate

About This Property

Brick's desirable Midstreams offers this 3 bedroom, 2 bath updated ranch with inground pool, 2 car garage, and finished basement. First floor features hardwood floors, recessed lighting, and crown molding. Layout includes 3 spacious bedrooms including master suite with full bath and stall shower, oversized living living room that leads into formal dining room, updated kitchen with granite tops, stainless appliances, new cabinets, and breakfast bar that overlooks family room. Full basement with large finished area, and storage area with washer and dryer. Exterior features inground pool, concrete and paver patios, and vinyl fence.  House has well for water in the yard.  Great opportunity to get a great house close to beach and local shopping.
Unit Size
1,448 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$397
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1968

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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 #22400908)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 10, 2024 Listed by EXP Realty $575,000
Listed by EXP Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,352
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,448
  • Building Area: 1,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713600

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 50.6
  • Account Number: 00516868
  • District: 07
  • Parcel: 07 00903- 04-00005
  • Block: 903.04
  • Lot: 5
  • Municipality: BRICK TWP
  • Latitude: 40.0647
  • Longitude: -74.0933

    Address

  • Full Address: 81 Oakland Dr
  • Address - House Number: 81
  • Address - Street Name: Oakland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C011
  • 4-Digit Zip Code: 4560
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $710,576

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 578,389
  • High Value: 699,029
  • Low Value: 457,749

    Market Valuation

  • Market Total Value: $291,100
  • Market Land Value: $133,400
  • Market Improvement Value: $157,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,100
  • Assessed Land Value: $133,400
  • Assessed Improvements Value: $157,700

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15793
  • Previous Sale Recording Date: Jun 03, 2004
  • Previous Sale Contract Date: May 20, 2004
  • Previous Sale Amount: $340,000
  • 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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,800 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
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: William R Hagan, EXP Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22400908
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 81 Oakland Drive built and last sold?
The property at 81 Oakland Drive was built in 1968 and last sold on Feb 20, 2024 for $650,000.
How much is this home worth?
The estimated value of the home located at 81 Oakland Drive is $0.
What are some comparable homes to 81 Oakland Drive?
There are currently no comparable homes to 81 Oakland Drive.
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