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Ocean 08724
97 Coral Drive
$505,000
● House - Off Market

97 Coral Drive

Brick, NJ 08724
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$443,426
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Charming 4 bedroom, 2 bathroom, single-story home with a bright interior and salt water, backyard pool in Jersey Shore community of Brick Township. Head inside where you will be impressed by the front living area, which boasts a large picture window, plantation shutters and hardwood flooring that connects seamlessly to the dining area. All bedrooms have hardwood flooring with ample closet space and beautiful, natural light. The primary suite includes an ensuite bathroom with another full bathroom shared between the remaining three bedrooms. Call today. Won't last.
Unit Size
1,600 Ft²
Days on Market
61 days
Land Size
0.20 acres
Price per sqft
$275
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
1958

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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: 8 months ago (MOMLS #22206986)

Price History

Date / Event Date Event Price
May 12, 2022 Sold
Premium
Sold
Mar 12, 2022 Listed by Compass New Jersey, LLC $440,000
Listed by Compass New Jersey, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 1,196
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,196
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 50.4
  • Account Number: 00516974
  • District: 07
  • Parcel: 07 00903- 14-00010
  • Block: 903.14
  • Lot: 10
  • Municipality: BRICK TWP
  • Latitude: 40.0659
  • Longitude: -74.0961

    Address

  • Full Address: 97 Coral Dr
  • Address - House Number: 97
  • Address - Street Name: Coral
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C011
  • 4-Digit Zip Code: 3939
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,797

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 543,263
  • High Value: 656,973
  • Low Value: 429,554

    Market Valuation

  • Market Total Value: $290,300
  • Market Land Value: $131,000
  • Market Improvement Value: $159,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,300
  • Assessed Land Value: $131,000
  • Assessed Improvements Value: $159,300

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 63162
  • Previous Sale Recording Date: Nov 22, 1995
  • Previous Sale Contract Date: Nov 13, 1995
  • Previous Sale Amount: $121,000
  • 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

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1583 ft²

Average Home Age

32.5 years

Currently For Sale

3087 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 437 Adamston Road, Brick, NJ, 08723

$4,500 /mo

  • 3 Beds
  • 2 Baths
437 Adamston Road, Brick, NJ, 08723 Listing by Dawn M White

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dawn E Kologi, Compass New Jersey, LLC
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 22206986
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 97 Coral Drive built and last sold?
The property at 97 Coral Drive was built in 1958 and last sold on May 3, 2022 for $505,000.
How much is this home worth?
The estimated value of the home located at 97 Coral Drive is $449,607.
What are some comparable homes to 97 Coral Drive?
There are currently no comparable homes to 97 Coral Drive.
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