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Ocean 08527
1467 Ridge Avenue
$325,000
● House - Off Market

1467 Ridge Avenue

Jackson, NJ 08527
bedrooms
2 Beds
bathrooms
2 Baths
$395,224
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Looking for country living you found it.Charming 2 bedroom 2 full bath ranch located on a quiet peaceful street.Ceiling fans and Hardwood floors throughout.Eat in kitchen with granite counters,nook area,and appliances included.Large dining room and living room with woodburning stove to keep warm and cozy on those winter nights.(seasoned firewood included).Master bedroom with master bath.2nd bedroom with sliders out to back deck.Enjoy morning coffee or just relax on the beautiful covered side deck or relax on the rear deck with above ground pool.Car enthusiast,contractors,or hobbyists will enjoy the private fenced in backyard with an oversized 2 car garage with a 16x16 2 story barn style attachment to the back.Huge attic with potential to be finished for added square footage.
Unit Size
-
Days on Market
-
Land Size
0.57 acres
Price per sqft
-
Property Type
House
Property Taxes
$495
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: 3 years ago (MOMLS #22030967)

Price History

Date / Event Date Event Price
Apr 9, 2021 Sold
Premium
Sold
Sep 1, 2020 Listed by RE/MAX Realty 9 $325,000
Listed by RE/MAX Realty 9

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 158
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,576
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: RD1

Geography

  • Assessors Map Reference: TAX MAP 232
  • District: 12
  • Parcel: 12 23202-0000-00010
  • Block: 23202
  • Lot: 10
  • Municipality: JACKSON TWP
  • Latitude: 40.0455
  • Longitude: -74.3078

    Address

  • Full Address: 1467 Ridge Ave
  • Address - House Number: 1467
  • Address - Street Name: Ridge
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R021
  • 4-Digit Zip Code: 5226
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $609,513

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 488,229
  • High Value: 583,597
  • Low Value: 392,861

    Market Valuation

  • Market Total Value: $241,200
  • Market Land Value: $97,100
  • Market Improvement Value: $144,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,200
  • Assessed Land Value: $97,100
  • Assessed Improvements Value: $144,100

    Sales

  • Current Sale Contract Date: Apr 07, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021058280
  • Previous Sale Recording Date: Nov 27, 1995
  • Previous Sale Contract Date: Nov 21, 1995
  • Previous Sale Amount: $115,000
  • 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

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4635 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: Troy Skodmin, RE/MAX Realty 9
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22030967
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 1467 Ridge Avenue built and last sold?
The property at 1467 Ridge Avenue was built in 1962 and last sold on Apr 7, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 1467 Ridge Avenue is $0.
What are some comparable homes to 1467 Ridge Avenue?
There are currently no comparable homes to 1467 Ridge Avenue.
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