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Ocean 08724
938 Chelsea Drive
$410,000
● House - Off Market

938 Chelsea Drive

Brick, NJ 08724
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,704 Ft²
$626,975
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Spacious Home Located in the Herbertsville Area of Brick offers Four Bedroom, 3 Full Bath Home plus In-Law Suite. First Floor Full Bathroom with Walk in Shower. Open Floor Plan, Vaulted Ceilings, Freshly Painted Living Room, Dining Room and Kitchen. Eat in Kitchen with Granite Countertops and Two Pantry Closets. Family Room with Sliders that leads to Spacious Trex Deck. Dry Full Basement with High Ceilings. Fully Fenced Property. Newer Windows, Vinyl Siding, Roof and Skylights. Neighborhood Offers Curbs and Sidewalks. Minutes to Parkway and 195. Close to Boardwalks and Beaches. One Year Home Buyers Warranty Included.
Unit Size
2,704 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$157
Property Type
House
Property Taxes
$754
HOA Dues
-
Year Built
1992

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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 #21831039)

Price History

Date / Event Date Event Price
May 22, 2019 Sold
Premium
Sold
Aug 6, 2018 Listed by Weichert Realtors-Brick $425,000
Listed by Weichert Realtors-Brick

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 1,147
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,728
  • Total Building Area: 2,704
  • Building Area: 2,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,704
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713202

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 73.3
  • Account Number: 00729710
  • District: 07
  • Parcel: 07 01427- 02-00004
  • Block: 1427.02
  • Lot: 4
  • Municipality: BRICK TWP
  • Latitude: 40.1126
  • Longitude: -74.1289

    Address

  • Full Address: 938 Chelsea Dr
  • Address - House Number: 938
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C080
  • 4-Digit Zip Code: 1075
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,004,749

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 706,154
  • High Value: 854,348
  • Low Value: 557,959

    Market Valuation

  • Market Total Value: $409,600
  • Market Land Value: $132,600
  • Market Improvement Value: $277,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $409,600
  • Assessed Land Value: $132,600
  • Assessed Improvements Value: $277,000

    Sales

  • Current Sale Contract Date: Jan 21, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021059923
  • Previous Sale Recording Date: May 31, 2019
  • Previous Sale Contract Date: May 22, 2019
  • Previous Sale Amount: $410,000
  • 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:

$499,900

Sale Price/ft²

$305

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1577 ft²

Average Home Age

32.5 years

Currently For Sale

3059 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 504 4th Avenue, Brick, NJ, 08724

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,414 ft²
504 4th Avenue, Brick, NJ, 08724 Listing by Patricia A Clark

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Roxanne Morales, Weichert Realtors-Brick
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21831039
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 938 Chelsea Drive built and last sold?
The property at 938 Chelsea Drive was built in 1992 and last sold on Jan 21, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 938 Chelsea Drive is $429,250.
What are some comparable homes to 938 Chelsea Drive?
There are currently no comparable homes to 938 Chelsea Drive.
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