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Ocean 08527
12 Royal Grove Drive
$625,000
● House - Off Market

12 Royal Grove Drive

Jackson, NJ 08527
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$935,920
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
Unit Size
-
Days on Market
840 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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: 8 months ago (MOMLS #21811562)

Price History

Date / Event Date Event Price
Jul 15, 2020 Sold
Premium
Sold
Mar 27, 2018 Listed by Imperial Real Estate Agency $675,000
Listed by Imperial Real Estate Agency

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 250
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,531
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 3,050
  • Building Area: 3,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,050
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717400

Zoning

  • Zoning: RG2

Geography

  • Assessors Map Reference: TAX MAP 160
  • District: 12
  • Parcel: 12 16005-0000-00031
  • Block: 16005
  • Lot: 31
  • Municipality: JACKSON TWP
  • Latitude: 40.0952
  • Longitude: -74.3137

    Address

  • Full Address: 12 Royal Grove Dr
  • Address - House Number: 12
  • Address - Street Name: Royal Grove
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R004
  • 4-Digit Zip Code: 5188
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,382,521

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,016,424
  • High Value: 1,172,019
  • Low Value: 860,829

    Market Valuation

  • Market Total Value: $547,100
  • Market Land Value: $70,200
  • Market Improvement Value: $476,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $547,100
  • Assessed Land Value: $70,200
  • Assessed Improvements Value: $476,900

    Sales

  • Current Sale Contract Date: Jul 15, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020084116
  • Previous Sale Recording Date: Aug 06, 2020
  • Previous Sale Contract Date: Jul 16, 2020
  • Previous Sale Amount: $586,667
  • 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

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1604 ft²

Average Home Age

29.4 years

Currently For Sale

4497 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: Asher Brodt, Imperial Real Estate Agency
Last Updated: 8 months ago
Data Source: MOMMLS, MLS# 21811562
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 12 Royal Grove Drive built and last sold?
The property at 12 Royal Grove Drive was built in 2020 and last sold on Jul 15, 2020 for $625,000.
How much is this home worth?
The estimated value of the home located at 12 Royal Grove Drive is $0.
What are some comparable homes to 12 Royal Grove Drive?
There are currently no comparable homes to 12 Royal Grove Drive.
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