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Ocean 08527
115 Grawtown Road
$1,550,000
● House - Off Market

115 Grawtown Road

Jackson, NJ 08527
bedrooms
Studio
bathrooms
0 Bath
$1,935,802
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

***OVER 13 ACRES***LOCATED IN RG2 ZONE***GREAT INVESTMENT***BIG DEVELOPMENTS HAPPENING ON THIS ROAD***SUBDIVISION OPPORTUNITY***ONE OF THE LAST REMAINING BIG PARCELS AVAILABLE TO PURCHASE***
Unit Size
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Days on Market
-
Land Size
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Price per sqft
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Property Type
House
Property Taxes
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HOA Dues
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Year Built
-

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 #22029674)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Aug 22, 2020 Listed by Keller Williams Realty Monmouth/Ocean $1,850,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 580,219
  • Total Building Area: 2,628
  • Building Area: 2,628
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000013320
  • Standard Land Use Code: 2000
  • County Land Use Code: 4A
  • Legal Description 1: FACILITY NAME: SENIOR DAY CARE

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717502

Zoning

  • Zoning: RG2

Geography

  • Assessors Map Reference: TAX MAP 194
  • District: 12
  • Parcel: 12 19403-0000-00013
  • Block: 19403
  • Lot: 13
  • Municipality: JACKSON TWP
  • Latitude: 40.0781
  • Longitude: -74.3024

    Address

  • Full Address: 115 Grawtown Rd
  • Address - House Number: 115
  • Address - Street Name: Grawtown
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R002
  • 4-Digit Zip Code: 5106
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,242,965

    Market Valuation

  • Market Total Value: $887,600
  • Market Land Value: $399,600
  • Market Improvement Value: $488,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $887,600
  • Assessed Land Value: $399,600
  • Assessed Improvements Value: $488,000

    Sales

  • Current Sale Contract Date: Sep 27, 2022
  • Current Sale Recording Date: Oct 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 107309
  • Previous Sale Recording Date: Mar 25, 1993
  • Previous Sale Contract Date: Mar 25, 1993
  • Previous Sale Document Type: 55
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 15 Hummingbird Way, Jackson, NJ, 08527

$3,800 /mo

  • 3 Beds
  • 1 Bath
15 Hummingbird Way, Jackson, NJ, 08527 Listing by Avia Elharar

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Efrayim Lax, Keller Williams Realty Monmouth/Ocean
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22029674
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 115 Grawtown Road built and last sold?
The property at 115 Grawtown Road was built in and last sold on Sep 27, 2022 for $1,600,000.
How much is this home worth?
The estimated value of the home located at 115 Grawtown Road is $0.
What are some comparable homes to 115 Grawtown Road?
There are currently no comparable homes to 115 Grawtown Road.
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