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Ocean 08527
143 Ross Lane
$270,000
● House - Off Market

143 Ross Lane

Jackson, NJ 08527
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,646 Ft²
$369,963
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

INVESTMENT OPPORTUNITY! 143 Ross Lane is being sold together with 149 Ross Lane as a package for the listed price. The homes sit on two beautiful, separately deeded lots on a quiet street in Jackson. The house at 149 Ross Lane and associated garages is 2876 sq ft and set on 3.91 acres. The house at 149 Ross lane and associated garages is 770 sq ft and set on 1.04 acres of property. Total property just short of 5 acres. Subject properties are located next to a luxurious 2004 built cul-de-sac on Chopin Lane. This is an estate sale being sold in ''as is where is condition.'' Home at 143 is in state of disrepair. Agent makes no warranties with regard to the condition of the home or the systems there-in. Please make any and all offers known.
Unit Size
3,646 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$78
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1950

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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 #22017871)

Price History

Date / Event Date Event Price
Jan 22, 2021 Sold
Premium
Sold
Jun 4, 2020 Listed by Daunno Realty Services $284,900
Listed by Daunno Realty Services

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 770
  • Building Area: 770
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 770
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001040
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717300

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 115
  • District: 12
  • Parcel: 12 11503-0000-00035
  • Block: 11503
  • Lot: 35
  • Municipality: JACKSON TWP
  • Latitude: 40.1163
  • Longitude: -74.3777

    Address

  • Full Address: 143 Ross Ln
  • Address - House Number: 143
  • Address - Street Name: Ross
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R009
  • 4-Digit Zip Code: 4610
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $499,588

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 388,242
  • High Value: 447,674
  • Low Value: 328,809

    Market Valuation

  • Market Total Value: $197,700
  • Market Land Value: $135,200
  • Market Improvement Value: $62,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,700
  • Assessed Land Value: $135,200
  • Assessed Improvements Value: $62,500

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021015361
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1588 ft²

Average Home Age

35.2 years

Currently For Sale

3041 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

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MOMMLS

Listed by: Rudolph Daunno, Daunno Realty Services
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22017871
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 143 Ross Lane built and last sold?
The property at 143 Ross Lane was built in 1950 and last sold on Dec 16, 2020 for $270,000.
How much is this home worth?
The estimated value of the home located at 143 Ross Lane is $287,749.
What are some comparable homes to 143 Ross Lane?
There are currently no comparable homes to 143 Ross Lane.
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