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Ocean 08724
848 Marbro Avenue
$253,000
● House - Off Market

848 Marbro Avenue

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
1 Bath
$483,753
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

MANY RECENT UPDATES MAKES THIS HOUSE A ''MUST SEE''* SITUATED ON A LARGE PROPERTY, THIS FAMILY HOME HAS A LOT TO OFFER* FABULOUS KITCHEN W/STAINLESS & PANTRY, NEWER WINDOWS W/WARRANTY, WATER SOFTENER SYSTEM, DRIVEWAY WIDENED IN 2013 FOR 4 CARS* LARGE, BEAUTIFUL POOL HAS CHILD SAFE COVER & FENCING- ROBO CLEANER AND OTHER EQUIPMENT INCLUDED* GAS BB HEAT, CENTRAL AIR* SOLAR PANELS ON LEASE AND HAVE CUT ELECTRIC BILLS BY 50%* GREAT BRICK LOCATION- CLOSE TO EVERYTHING! Room sizes approximate.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1972

Payment Calculator

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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 #21405570)

Price History

Date / Event Date Event Price
Sep 22, 2014 Sold
Premium
Sold
Feb 17, 2014 Listed by New Direction Realty $259,900
Listed by New Direction Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713100

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 64.2
  • Account Number: 00623337
  • District: 07
  • Parcel: 07 01264-0000-00019
  • Block: 1264
  • Lot: 19
  • Municipality: BRICK TWP
  • Latitude: 40.0926
  • Longitude: -74.1125

    Address

  • Full Address: 848 Marbro Ave
  • Address - House Number: 848
  • Address - Street Name: Marbro
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Brick
  • Carrier Code: C066
  • 4-Digit Zip Code: 2131
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $591,419

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 447,213
  • High Value: 533,747
  • Low Value: 360,679

    Market Valuation

  • Market Total Value: $241,100
  • Market Land Value: $132,500
  • Market Improvement Value: $108,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,100
  • Assessed Land Value: $132,500
  • Assessed Improvements Value: $108,600

    Sales

  • Current Sale Contract Date: Sep 17, 2014
  • Current Sale Recording Date: Oct 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 20, 2009
  • Previous Sale Contract Date: Aug 03, 2009
  • Previous Sale Amount: $242,200
  • Previous Sale Document Type: 12
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

1597 ft²

Average Home Age

29.2 years

Currently For Sale

4406 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 222 17th Avenue, Brick, NJ, 08724

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,252 ft²
222 17th Avenue, Brick, NJ, 08724 Listing by Lorraine Stagliano
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: Sandy G Greig, New Direction Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21405570
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 848 Marbro Avenue built and last sold?
The property at 848 Marbro Avenue was built in 1972 and last sold on Sep 17, 2014 for $253,000.
How much is this home worth?
The estimated value of the home located at 848 Marbro Avenue is $262,499.
What are some comparable homes to 848 Marbro Avenue?
There are currently no comparable homes to 848 Marbro Avenue.
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