275 Riverside Dr N Brick, NJ 08724
Brick Township Neighborhood
3
Beds
2.5
Baths
1,041
Sq Ft
9,583
Sq Ft Lot
About This Home
As of October 2024Investors, take note! Two separate homes on one expansive lot, this property offers a rare blend of versatility, income potential, and prime location, making it an exceptional addition to any real estate portfolio.The first home is a well-maintained 3-bedroom, 1.5-bath house that offers spacious living areas, modern amenities, and cozy charm. Tenants currently occupy the property with a lease in place until January 2025, providing immediate rental income. The home features a bright kitchen with ample cabinet space, a large living room, and generously sized bedrooms. The half bath adds convenience, and the full bath is well-appointed for everyday comfort. (see more) The second home is a charming 2-bedroom, 1-bath residence that comes with an additional loft space, perfect for use as a third bedroom or a versatile office or playroom. This property is also currently leased, with tenants in place until May 2025. Both homes are fully leased, generating immediate cash flow with long-term tenants in place. This is an ideal opportunity for investors seeking rental properties with low vacancy rates in a highly desirable area. The dual-occupancy structure also opens the door for creative investment strategieswhether you're interested in holding for steady rental income, or even living in one home while renting out the other.Don't miss out on this rare investment opportunity in one of New Jersey's most sought-after coastal communities. Whether you're looking to expand your real estate portfolio or secure a lucrative investment property with great tenants already in place, this Brick, NJ two-family home is a perfect fit. Schedule your showing and explore the potential this property holds for you!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,257
Year Built
- Built in 1948
Lot Details
- 9,583 Sq Ft Lot
Home Design
- Duplex
Interior Spaces
- 1-Story Property
- Crawl Space
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Schools
- Veterans Memorial Middle School
- Brick Memorial High School
Utilities
- Forced Air Heating and Cooling System
- Furnace
- Separate Meters
- Separate Water Meter
- Water Heater
Community Details
- Herbertsville Subdivision
Listing and Financial Details
- Exclusions: Tenants belongings
- Assessor Parcel Number 07-01235-0000-00006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2024
Closed on
Oct 10, 2024
Sold by
Damato Joseph and Damato Kerry
Bought by
Shapiro Dylan
Seller's Agent
John Hazelet
Hazelet Realty Group, LLC
Buyer's Agent
Lori Bocchieri-Bennett
RE/MAX Central
List Price
$650,000
Sold Price
$650,000
Total Days on Market
14
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,732
Avg. Annual Appreciation
-2.23%
Original Mortgage
$504,000
Outstanding Balance
$501,065
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$140,203
Purchase Details
Closed on
Jun 7, 2018
Sold by
Momentum Properties Ii Llc
Bought by
Kerry D Amato Joseph and Amato Kerry D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,410
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 29, 2010
Sold by
Momentum Properties Llc
Bought by
Momentum Properties Ii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.87%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Dec 16, 2002
Sold by
Silvia Jack
Bought by
Momentum Properties
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.18%
Map
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Similar Homes in Brick, NJ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $635,000 | First American Title | |
| Deed | $345,000 | None Available | |
| Deed | -- | None Available | |
| Deed | $235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $504,000 | New Conventional | |
| Previous Owner | $326,410 | New Conventional | |
| Previous Owner | $175,000 | Stand Alone First | |
| Previous Owner | $188,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2024 10/21/24 | Sold | $650,000 | 0.0% | $624 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 08/23/2024 08/23/24 | For Sale | $650,000 | -- | $624 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,257 | $251,700 | $136,700 | $115,000 |
| 2023 | $6,174 | $251,700 | $136,700 | $115,000 |
| 2022 | $6,174 | $251,700 | $136,700 | $115,000 |
| 2021 | $6,048 | $251,700 | $136,700 | $115,000 |
| 2020 | $5,965 | $251,700 | $136,700 | $115,000 |
| 2019 | $5,850 | $251,700 | $136,700 | $115,000 |
| 2018 | $5,716 | $251,700 | $136,700 | $115,000 |
| 2017 | $5,563 | $251,700 | $136,700 | $115,000 |
| 2016 | $7,644 | $348,400 | $136,700 | $211,700 |
| 2015 | $6,829 | $319,700 | $167,800 | $151,900 |
| 2014 | $6,762 | $319,700 | $167,800 | $151,900 |
Source: Public Records
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22424523
APN: 07-01235-0000-00006
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