$266,000

3 Beds   1 Bath   1,008 Sq. Ft.   Single-Family
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Magnolia Ave
Brick, NJ 08723

Potential Profit

$40,837

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Status: Inactive
Listing ID: 58150223

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Property Information

  • Price: $266,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Full Baths: 1
  • Living Area Size: 1,008
  • Total Square Feet: 1,008
  • Lot Size: 0.14 acres
  • Style: Rambler
  • Heating Type: Forced Air
  • Air Conditioning: Ceiling Fan(s)
  • Year Built: 1988
  • Source ID: NJOC2011226
  • Day(s) On Site: 165
  • Subdivision: Cedarwood Park
  • School District: BRICK TOWNSHIP PUBLIC SCHOOLS
  • Property Type: Single Family Dwelling
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Public Records

  • No. of Stories: 1
  • Exterior Wall Type: FRAME
  • Land Area Sqft: 5,662
  • Year Built: 1988
  • APN: 00509-0000-00011
  • Property Type: Single Family Residence
  • Township: BRICK TWP
  • Front Footage: 60
  • Depth Footage: 100
  • Living Sqft: 1,008

Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for Magnolia Ave located in Brick, NJ is $1,580/month. Comparable homes around Magnolia Ave that are rentals have monthly ranges starting as low as $1,388 per month and as high as $1,820 per month. An owner looking to use this property as an investment could bring a return in the area of $1,388 - $1,820 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


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Homes On This Street
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Magnolia Ave
Brick, NJ 08723

3 Beds   1 Bath   1,008 sq. ft.   Single-Family

$266,000

Status: Inactive Listing ID: 58150223

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Magnolia-Ave-Brick-NJ-08723/58150223_lid

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