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Ocean 08527
18 Illinois Avenue
$310,000
● House - Off Market

18 Illinois Avenue

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
984 Ft²
$536,711
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Charming three bedroom/two updated baths. Ranch style home located in desirable Brookwood section. Great floor plan featuring spacious living room with bay window and wood floors. Eat in kitchen with new stove and  lots of storage and great layout. Full finished basement with bonus room, laundry, new water softener and built in safe. So much room for storage. Many happy years and memories have been enjoyed here. Ready for the next family to call home. Be in before the next school year. Great school system and close to Rte.9, 195 and shopping areas. BRAND NEW ROOF 2016!  Turn key home!!
Unit Size
984 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$324
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1960

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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 #21619679)

Price History

Date / Event Date Event Price
Dec 5, 2016 Sold
Premium
Sold
May 18, 2016 Listed by O'Brien Realty, LLC $319,000
Listed by O'Brien Realty, LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 984
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 984
  • Building Area: 984
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 984
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R9

Geography

  • Assessors Map Reference: TAX MAP 72
  • District: 12
  • Parcel: 12 07201-0000-00019
  • Block: 7201
  • Lot: 19
  • Municipality: JACKSON TWP
  • Latitude: 40.1204
  • Longitude: -74.2527

    Address

  • Full Address: 18 Illinois Ave
  • Address - House Number: 18
  • Address - Street Name: Illinois
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C001
  • 4-Digit Zip Code: 2153
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $583,241

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 528,487
  • High Value: 641,392
  • Low Value: 415,582

    Market Valuation

  • Market Total Value: $225,800
  • Market Land Value: $112,600
  • Market Improvement Value: $113,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,800
  • Assessed Land Value: $112,600
  • Assessed Improvements Value: $113,200

    Sales

  • Current Sale Contract Date: Nov 14, 2016
  • Current Sale Recording Date: Dec 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2016127189
  • Previous Sale Recording Date: Aug 08, 2002
  • Previous Sale Contract Date: Jun 28, 2002
  • Previous Sale Amount: $165,900
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

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MOMMLS

Listed by: Linda K O'Connell, O'Brien Realty, LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21619679
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 18 Illinois Avenue built and last sold?
The property at 18 Illinois Avenue was built in 1960 and last sold on Nov 14, 2016 for $310,000.
How much is this home worth?
The estimated value of the home located at 18 Illinois Avenue is $0.
What are some comparable homes to 18 Illinois Avenue?
There are currently no comparable homes to 18 Illinois Avenue.
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