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Ocean 08527
16 Lancaster Way
$900,000
● House - Off Market

16 Lancaster Way

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$936,233
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This is what you have been waiting for!! The LARGEST MODEL - OVER 3,500 SF Of luxury living in the very desirable Hampshire Hills neighborhood of Jackson. Space, space and more space. That is the feeling you get when entering this beautiful home. Meticulously and lovingly maintained by the original owners, this home is ready for its next chapter. Entering you'll be greeted by a double story foyer. A huge magnificent family room with a fireplace and study grace the main floor in addition to a dining room, formal living room and very large kitchen. 4 very large bedrooms upstairs with wide hallway and plenty of room for hanging out! HUGE FULL WALKOUT  basement with high ceilings and large windows!  *New dishwasher * New Fridge * New Washer !  COME GRAB THIS HOME AND ENJOY IT!!

--
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$23
Year Built
1998

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 #22202911)

Price History

Date / Event Date Event Price
May 26, 2022 Sold
Premium
Sold
Feb 3, 2022 Listed by HomeSmart First Advantage $929,000
Listed by HomeSmart First Advantage

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,882
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 3,529
  • Building Area: 3,529
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,529
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717101

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 53
  • District: 12
  • Parcel: 12 05303-0000-00011
  • Block: 5303
  • Lot: 11
  • Municipality: JACKSON TWP
  • Latitude: 40.138
  • Longitude: -74.283

    Address

  • Full Address: 16 Lancaster Way
  • Address - House Number: 16
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R007
  • 4-Digit Zip Code: 1256
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,269,561

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 1,002,587
  • High Value: 1,192,544
  • Low Value: 812,630

    Market Valuation

  • Market Total Value: $505,600
  • Market Land Value: $101,600
  • Market Improvement Value: $404,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505,600
  • Assessed Land Value: $101,600
  • Assessed Improvements Value: $404,000

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: Jun 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 66515
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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1592 ft²

Average Home Age

24.6 years

Currently For Sale

4248 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 31 Oakland Drive, Jackson, NJ, 08527

$4,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,791 ft²
31 Oakland Drive, Jackson, NJ, 08527 Listing by Miriam Rubin-Feldheim

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Devora Munk, HomeSmart First Advantage
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22202911
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 16 Lancaster Way built and last sold?
The property at 16 Lancaster Way was built in 1998 and last sold on May 31, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 16 Lancaster Way is $0.
What are some comparable homes to 16 Lancaster Way?
There are currently no comparable homes to 16 Lancaster Way.
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