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Ocean 08527
15 Cortelyou Road
$850,000
● House - Off Market

15 Cortelyou Road

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,921 Ft²
$787,771
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Valley View Estates! Here is your Opportunity to own this Beautiful Home with an Open Floorplan located in a Double Cul-De-Sac Community on 1.9 Acres. Home is over 2900  Square Feet and features a Two Story Foyer and Family Room. Home also has a Gas Fireplace, an Eat In Kitchen, and a Huge Master Bedroom with Two Walk In Closets. Home Backs to Woods, has a Large Elevated Deck overlooking a Big Backyard and The Community has Public Water and Sewer.
Unit Size
2,921 Ft²
Days on Market
-
Land Size
1.90 acres
Price per sqft
$262
Property Type
House
Property Taxes
$953
HOA Dues
-
Year Built
1999

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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 #22200893)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Jan 12, 2022 Listed by C21/ Action Plus Realty $765,000
Listed by C21/ Action Plus Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,543
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,764
  • Total Building Area: 2,921
  • Building Area: 2,921
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,921
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001900
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 70
  • District: 12
  • Parcel: 12 07002-0000-00011
  • Block: 7002
  • Lot: 11
  • Municipality: JACKSON TWP
  • Latitude: 40.127
  • Longitude: -74.2449

    Address

  • Full Address: 15 Cortelyou Rd
  • Address - House Number: 15
  • Address - Street Name: Cortelyou
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C001
  • 4-Digit Zip Code: 1841
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,165,708

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 965,935
  • High Value: 1,150,338
  • Low Value: 781,533

    Market Valuation

  • Market Total Value: $451,300
  • Market Land Value: $88,600
  • Market Improvement Value: $362,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $451,300
  • Assessed Land Value: $88,600
  • Assessed Improvements Value: $362,700

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 44026
  • Previous Sale Recording Date: Jul 13, 2007
  • Previous Sale Contract Date: Jun 16, 2007
  • Previous Sale Amount: $515,000
  • Previous Sale Document Type: 12
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

3033 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 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn
Unit for rent at 140 Cannonball Drive, Howell, NJ, 07731

$4,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,714 ft²
140 Cannonball Drive, Howell, NJ, 07731 Listing by Isaac Nussbaum

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Joseph R Hume, C21/ Action Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22200893
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 15 Cortelyou Road built and last sold?
The property at 15 Cortelyou Road was built in 1999 and last sold on Feb 16, 2022 for $850,000.
How much is this home worth?
The estimated value of the home located at 15 Cortelyou Road is $783,858.
What are some comparable homes to 15 Cortelyou Road?
There are currently no comparable homes to 15 Cortelyou Road.
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