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Ocean 08527
11 Oak Drive
$575,000
● House - Off Market

11 Oak Drive

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,124 Ft²
$573,431
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
Unit Size
1,124 Ft²
Days on Market
68 days
Land Size
0.46 acres
Price per sqft
$512
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1962

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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 #22313961)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
May 24, 2023 Listed by RE/MAX On the Move Realty $575,000
Listed by RE/MAX On the Move Realty
Jul 11, 2014 Sold
Premium
Sold
Jun 4, 2014 Listed by C21/ Sylvia Geist Agency $219,900
Listed by C21/ Sylvia Geist Agency

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,056
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,124
  • Building Area: 1,124
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,124
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717002

Zoning

  • Zoning: HC

Geography

  • Assessors Map Reference: TAX MAP 73
  • District: 12
  • Parcel: 12 07309-0000-00006
  • Block: 7309
  • Lot: 6
  • Municipality: JACKSON TWP
  • Latitude: 40.1201
  • Longitude: -74.2559

    Address

  • Full Address: 11 Oak Dr
  • Address - House Number: 11
  • Address - Street Name: Oak
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R005
  • 4-Digit Zip Code: 2046
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $512,209

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 476,381
  • High Value: 576,380
  • Low Value: 376,383

    Market Valuation

  • Market Total Value: $198,300
  • Market Land Value: $84,600
  • Market Improvement Value: $113,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,300
  • Assessed Land Value: $84,600
  • Assessed Improvements Value: $113,700

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 58046
  • Previous Sale Recording Date: Jul 25, 2014
  • Previous Sale Contract Date: Jul 11, 2014
  • Previous Sale Amount: $235,000
  • 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:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.6 years

Currently For Sale

4248 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

Rentals Near You

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MOMMLS

Listed by: Yisroel S Taub, RE/MAX On the Move Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22313961
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 11 Oak Drive built and last sold?
The property at 11 Oak Drive was built in 1962 and last sold on Jul 25, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 11 Oak Drive is $0.
What are some comparable homes to 11 Oak Drive?
There are currently no comparable homes to 11 Oak Drive.
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