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Ocean 08527
1 Mimi Court
$490,000
● House - Off Market

1 Mimi Court

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$869,727
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Offer and commission subject to bank short sale approval.Short sale is approved at $490k. Property sold AS Is Condition. Buyer to get CO and Smoke Certification.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$831
HOA Dues
-
Year Built
2006

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 #21536510)

Price History

Date / Event Date Event Price
Dec 22, 2015 Sold
Premium
Sold
Sep 28, 2015 Listed by Four Point Realty LLC $490,000
Listed by Four Point Realty LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,655
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,304
  • Building Area: 3,304
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,304
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAJOR SUB
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717501

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 144
  • District: 12
  • Parcel: 12 14401-0000-00003- 13
  • Block: 14401
  • Lot: 3.13
  • Municipality: JACKSON TWP
  • Latitude: 40.0972
  • Longitude: -74.2734

    Address

  • Full Address: 1 Mimi Ct
  • Address - House Number: 1
  • Address - Street Name: Mimi
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C002
  • 4-Digit Zip Code: 4078
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,228,217

    Appraisal Valuation

  • Standard Deviation: 0.2089
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 970,461
  • High Value: 1,173,209
  • Low Value: 767,712

    Market Valuation

  • Market Total Value: $475,500
  • Market Land Value: $105,200
  • Market Improvement Value: $370,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $475,500
  • Assessed Land Value: $105,200
  • Assessed Improvements Value: $370,300

    Sales

  • Current Sale Contract Date: Aug 16, 2018
  • Current Sale Recording Date: Aug 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018082767
  • Previous Sale Recording Date: Dec 24, 2015
  • Previous Sale Contract Date: Dec 21, 2015
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

0.19%

Average Days on Market

65

Average Home Size

1600 ft²

Average Home Age

29.8 years

Currently For Sale

4608 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 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Naveen Sharma, Four Point Realty LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21536510
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 1 Mimi Court built and last sold?
The property at 1 Mimi Court was built in 2006 and last sold on Aug 16, 2018 for $655,000.
How much is this home worth?
The estimated value of the home located at 1 Mimi Court is $494,900.
What are some comparable homes to 1 Mimi Court?
There are currently no comparable homes to 1 Mimi Court.
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